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This Is What We Need To Know About Bitcoins Current Structure! Hello, Traders Investors And Community, and welcome to this analysis about bitcoin current structure and what we can expect from the next hours and days. There are some important signs which I figured out and made clear to me that bitcoin will decide the next time where it is going with the overall price structure. We are looking at the locally 4-hour time-frame if you want to have a bigger view on the picture I recommend that you go to my account and look at the middle-to-long-term analysis published about bitcoin. When looking at my chart you can see that bitcoin is currently trading at the black resistance level I marked for you it shows also up in the volume profile as the important resistance level in the overall structure, at the moment we are testing it and a possible scenario is that when we break it to the upside we have a higher likelihood given that bitcoin will test higher levels in the structure, at least move to the 9600 levels to test the falling red trend-line. On the other side, we have the bearish scenario which will be fulfilled when we cross the rising blue trend-line you can see in my chart to the downside because there is a high probability given that we get more selling pressure when we cross it down we can assume bitcoin to visit the POINT OF CONTROL level you see in my chart marked in orange, this will be the target for the overall scenario to the downside, remember that we need to confirm it properly with a definite break of the blue up-trend-line and close below it. What is a good sign and important to acknowledge about the structure is that both scenarios can be traded properly, the bullish, as well as the bearish scenario but each scenario has to be confirmed rightly before looking for a good trade entry. In the bullish case, this will be when we break the current resistance and confirm it as solid support and with the bearish scenario when we break the rising blue trend-line to the downside as already mentioned. Many people calling for the complete bearish breakdown now, it is possible of course but this breakdown has to be confirmed appropriately as mentioned and before that we can't say 100% for sure that the bearish breakdown scenario will play out definitely, at the moment bitcoin is still consolidating on the short-term and therefore will decide where it is going to the next time, when the confirmation has come we can examine the next steps and way for bitcoin to enter. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
10
Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go. When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened. In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas. The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days. Thanks for watching, support for more market insight and all the best! The market-conditions are often the real source of truth. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
5
Ripple, Important Breakdown, Weighty Fractal Still Contributing!Hello, Traders Investors And Community And welcome to this update-analysis about the current scenario happening to ripple, as we saw the last days some cryptocurrencies made good gains while others struggling to form new highs on the way up, one of it is ripple where I already mentioned in the past analysis that there is still a meaningful historical fractal in play and that we are trading at the 50 % and 200-EMA resistance in ripple which we confirmed already in the past fractals in the first period of the overall fractal structure. I highly recommend to you that you have a look at this analysis to have a full-depth-overview and see in which period we currently trading in the fractal structure! What we have seen now is the third significant fundamental 200-EMA confirmation of the fractal structure as I mentioned, according to the fractals, there is a further decline awaited finally going to the lower boundary of the overall channel. As you can see it already marked in the past analysis and in the current analysis I mentioned that when we cross the 0.1723 level to the downside we have a high probability that the third fractal play out exactly like the two seen before with a touch of the lower boundary and after that the move to the higher boundary. As you can see it in my chart we have a bearish breakdown zone below the 0.1723 where there is a high likelihood given for heavy supply entering the market pushing the price down at least to test the lower boundary. The next time I am expecting a test of the strong resistance line you can see in my chart at the 0.21073 level in red which will serve as an important resistance now and in the future, if we confirm it we have a high possibility in the schedule to test at least the support at the 0.18035 level which you can see in my chart marked in grey. This is heavily important for ripple to hold if considering at least a range building or possible reversal here! Otherwise, when we fall below this level the high likelihood is given that we fall heavily to the downside. Currently, we have to see how this plays out, there is still the small possibility given that we stabilize in this range and move high but this is currently the not highest possible scenario as we broke bearish to the downside with heavy volatility and volume. Thanks for watching, support for more market insight, and all the best! We have to invoke with our eyes on the market, not on the difficulties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
10
THIS Is What I Wanted TO See For USDBTC To Confirm Bullish!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins short-term price action, bitcoin made exactly these things I wanted to see to confirm bullish on the short-time-frame and we have seen the awaited volatility and momentum, in my past analysis about this subject, I described it if you did not see this analysis I highly recommend that you go to my account and look at it to have a full-depth-overview about the mechanism I mentioned. Now as I said already we have to confirm the bullish uptrend two times, once it is the move about the resistance line in the neutral zone which you can see in my chart marked with the orange line, this move above the resistance gave bitcoin a bullish shape while still remain neutral. The next confirmation was the touch after the breakout of the falling grey trend-line you see in my chart it confirmed exactly on that point. After these confirmations where done bitcoin had the ability to become fully bullish as you see it in the bull-zone and move higher with heavy momentum. In the next hours and days, we can anticipate bitcoin to have a smaller correction to the support/resistance level which you see in my chart marked with the blue box before moving higher. At that level, I expect some good support for the USDBTC and a set of new trading orders. Also, this current trend can be traded on the long side. The aggressive entry was after the second confirmation above the orange support-line and on the falling grey trend-line you see in my chart and the moderate entry is now to wait on the correction and then set the long-position there. The current perspective is a short-term perspective meaning that bitcoin confirmed bullish in the short-term when we look at the middle-to-long-term-perspective we can spot different signs which playing a big role and have to take into consideration in determining bitcoins future outcome. As for now, we have a good bullish shape in the short-term we can expect bitcoin to move higher at least to the 38.2 % Fibonacci-resistance which you see in my chart. From that standpoint, we have to take a new picture of the underlying trend and elevate if bitcoin manages to continue higher. Friends it should always be the goal to look at the market with a clear head to determine further trends, I see many people calling bitcoin for the moon in two weeks that is an unrealistic approach. We need to look at the market as it is and trade what we see not what we think or believe therefore please keep it in mind that the markets every time sending different signals and these signals have to be interpreted right to trade the market properly within the given circumstances. Therefore thanks for watching, feel free to support and have a good day. "The best qualification of a prophet is to have a good memory. " FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
21
CRYPTOMARKETCAP-What to expect from the next months?!______________________________________________________________________________________________________________________________________________ Hello traders, investors and community! There is an interesting and exciting pattern which i want discuss with you. The cryptocurrency market is in a rise right now but what can we expect from the next months/year?! We are looking on the daily chart of the Crypto total marketcap, i have taken the wick and last volume line from the chart to have a better view on things happening in the chart and the formation in progress. As i told already in later analysis there is an correction expected coming up the next weeks. After retest of the 368 billion level i am expecting a pull-back from that level. ______________________________________________________________________________________________________________________________________________ In my chart you can see an huge inverted head and shoulder formation forming marked with grey arrows and light greene curves. There is a high potential for the right shoulder to form in the next months with the expected correction, you can see the support level between 200 - 230 billion marked with green trendlines, this is an important level because we had several bounces at this level in the past! Be aware, when we cant hold this level and confirm it as support there is a scenario in which the cryptomarket can turn to the downside. So it is an important level to watch at, when we cant hold the 175 to 200 billion range i see not mutch support below! But however, this is not the scenario i am expecting. After the correction to 200 - 230 billion i am expecting a consolidation in this area and an new uptrend forming from there you can see it in my chart marked with the light green curve. When this scenario kicks in and we can move above the blue trend line marking the neckline of the head and shoulder formation i see 1.2 to 1.3 TRILLION in the future! BUT this must be with good volume and a bullish candle or an bullish candlestick formation with good momentum friends. There is a target in my chart which is then expected and to look at! ______________________________________________________________________________________________________________________________________________ Thank you everybody for watching traders, i hope you enjoyed, i will update later, follow for more insight information! May all the happines and luck come to you! Peace. ______________________________________________________________________________________________________________________________________________
CRYPTOCAP:TOTALLong
by VincePrince
2
NEARUSDT OPEN NEW CYCLE PEROID DEPENDING ON THIS STUDY $12Thanks for reading this update. NEARUSDT seems to open a new cycle trend, this cycle trend can give NEARUSDT an unexpected break. we see that some positions are confirmed for the trend. We did expect before in the same way the Cylc increase of BTC. know that Cycles entering with building positions, and we did scan some of them. Let's see how this will affect the price action soon. For the day trading time frames, we checking NEARUSDT for 18%+ trend Soon more updates. This will stay a prediction depending on our data, and not trading advice. This is our view, which means not that you should follow it. trade only depending on your plan. here will be soon updates, the same as BTC did get updates to 48K.
Long
by SatochiTrader
8
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24 Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053 RSI and stochastics levels reduced this week( 54.5% & 65% Respectively). Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30% profit booking was suggested (except Bank & IT stocks). Mid & Small cap Index fell buy 2.5-3% on 09-Feb-24. 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. Interim budget announced was a status quo budget, no relief for income tax payers, no change in corporate tax, as expected Capex for infra (Railways & Road) increased. Infra Stocks, undervalued bluechip stocks can be considered based on the valuation. Nifty IT 37699 (Last week 37323 ) -To continue hold. Nifty IT touched new high of 38368 in this week and then came below to 37699. Major support at 34918 /34000. Nifty bank 45634 (Prev Close 45970) -To continue hold. Nifty Bank touched 44908 and then moved and settled 45634 Low last week. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Purchased Nifty Bank at Jan 1st & 2nd week when it was low using that cash. Refer to detailed comments in the bottom. Nifty 21782- Short Term ( Neutral - Bearish Continued)- 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 (Neutral)- Can buy at 20800 -21000 level in case of dip. 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 (11-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. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Nifty IT touched new high on 08-Feb-24. 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. 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
DMART one more Upward Impulse Wave about to form. According tenth Elliott Wave Theory Price forms a 5 Wave Sequence structure before the major Correction, here we see that we have Wave 1, 2, 3(strongest upmove), Wave 4(correction), are complete. Currently Price has formed a Quarterly Demand which has its LegOut closed above the EMa which indicates a Strong Buying and Price hasn't violated any Supply which signifies there was a temporary correction which is over and now Price is ready to Shoot above the end point of Wave 3, hence Target derived is Rs. 6000.00 This is a Trade where the reward is amazing against the minimum risk defined.
NSE:DMARTLong
by WavesandZones
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24 Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126 RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone. Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Interim budget announced was a status quo budget, no relief for income tax payers, no change in corporate tax, as expected Capex for infra (Railways & Road) increased. Infra Stocks, undervalued bluechip stocks can be considered. Nifty IT 37323 (Last week 36496) -To continue hold. On the last day (Fri) of last week it was traded upto 1100 points and moved up. major support at 34918 /34000. Nifty bank 45970( 44866) Moved 1000 points up compared to last week. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Purchased Nifty Bank at Jan 1st & 2nd week when it was low using that cash. Refer to detailed comments in the bottom. Nifty- Short Term ( Neutral - Bearish Continued)- 21300 ( trend Line support Provided was major support last week. Resistances are at 21439 ( Fib Resistance), 21639 ( MA 21 days) , 22000, 22117, 22155 Further below to 21300, 20800-21000 have strong Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term ( Neutral)- Can buy at 20800 -21000 level in case of dip. 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 (04-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. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last two weeks. Nifty Bank Index was suggested to buy last week. 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. 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
Nifty Short , Medium & Long Term View-29-Jan-24 to 02-Feb-24Nifty Short , Medium & Long Term View-29-Jan-24 to 02-Feb-24 Nifty closed at 21352 ( Prev Close 21571 ) and touched low & high of 21136 & 21736. RSI and stochastics levels ( 47% & 21 % Respectively). Stochastics is in oversold zone. Market saw huge volatility in the last two week of around 1000 Points, especially fluctuated after results of HDFC bank. Nifty IT (36496) -To hold. major support at 34918 /34000. Nifty bank ( 44866) if further move down support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Refer to detailed comments in the bottom. Nifty- Short Term ( Bearish)- 21300 ( trend Line support Provided was majr support last week. Resistances are at 21439 ( Fib Resistance), 21639 ( MA 21 days) , 22000, 22117, 22155 Support at 21300 ( trend line Support), 20800-21000 have strong Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term ( Neutral)- Can buy at 20800 -21000 level. 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. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (28-Jan-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. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last two weeks. Nifty Bank Index was suggested to buy last week. 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. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till Feb budget & 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. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered.
NSE:NIFTY
by karthikss
BMY - Patience is a Virtue 🧘Hello TradingView Family / Fellow Traders, On Monthly: Left Chart BMY has been hovering inside a range between the 50 support and 70 resistance. Currently BMY is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 54. 📉 Meanwhile, BMY would be bearish and can still trade lower to dive inside the 44-50 support zone before trading higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NYSE:BMY
by TheSignalyst
1
QQQ TRENDS AND PRICE TARGETS, HOW MANY Q's SHOULD ONE HAVE?Technicals RSI is overextending, however, a little cool down would reset the indicators and trigger buy signals across the board. Bears should be looking for an entry, but not entering yet. Plan out a trade. Bulls should be locking in profits and looking to buy the dip. There are two super short term trends that are taking the price up. They are both rejection trends, which are trending in the bullish direction, in other words, price is going up following those trends. There is a huge rejection trend labeled. There is a mega support trend labeled. There is a strong support trend labeled, which should likely trigger a buy signal should it fall to that support or possibly dip under for a brief period of time. Above 480 starts to increase risk. it can go higher to 500, and then possibly even to 600. 500 is way more likely than 600 on this run. short term, again, could use a cool down to like 393. I would suggest to wait for this cool down to enter expecting bullish movement. With price falling to multiple strong support lines, it is a favorable trade. Price can keep going up. Don't expect it to go down. But understand, if it does, you'll be prepared for that movement, and have a trade with a high potential of profit. If you miss out on a run because you were caution, simply wait for a rejection point and jump in short. Ride the wave down, then enter your long position. In other words, don't chase the movement, let the movement come to you, let it move past you, then ride the movement in your desired direction. Linking my other QQQ posts and SPY posts I usually don't TA these because I tend to trade the 3x leveraged (FNGU FNGD is one of my favorites), and I tend to get predictions wrong on these two. Will link some old ones talking about spy to 480 in the election year. MY MISTAKE was I thought the election year was 2023, so it was way off.
NASDAQ:QQQ
by nicktussing77