Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern WeeklyBitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.
A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.
Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.
To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.
If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.
Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.
Morning
First HK50 Long entry in the year of dragon 2024!😊Quick Money: The Secrets of Successful Online Trading
👋Hey traders, are you looking for a hot tip on HK50 for the first trading day of the year of the Dragon to boost your profits?
The HK50 index is showing a strong uptrend in the 4-hour and 8-hour timeframes (D1 is in downtrend), indicating the first day in year of dragon 2024 still keeping a bullish momentum for the Hong Kong stock market. The index has bounced off two key support zones, which are:
- Support zone 1: Between 15150 and 15250 points, where the index found buyers on February 9 and 10.
- Support zone 2: Between 15470 and 15570 points, where the index reversed its intraday downtrend on February 14.
These support zones can be used as potential entry points for swing traders who want to ride the uptrend. The swing trade buy limit levels are marked on the chart below.
We also took advantage of the uptrend by executing a long entry for day trade in the morning session of HK50 at 15640 points. Our target profits for this daytrade are:
- TP1: 15790, which is the previous high of February 12.
- TP2: 15870, which is the upper boundary of the rising channel.
Our stop loss for this daytrade is set at 15440 points, which is below the support zone 2 and the lower boundary of the rising channel. This gives us a risk-reward ratio of more than 1, which means we are risking less than we can potentially gain.
⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
Morning Star on PIDILITE INDPIDILITE Industries' daily chart shows a Morning Star candlestick pattern, finding support at the 50 EMA and the Fibonacci 61.8% level. The 14-period stochastic oscillator indicates an oversold condition and recent reversal, confirming a potential uptrend ahead. Bullish signals suggest positive price movement.
Buy at Market, Target at 2700, Stop Loss at 2550
SPY/QQQ Market Bias & Top Stock Watches - 4/6/2023 - Bear GrindBias: SPY under 406 has room to 404. QQQ more bearish, gapping under yesterdays bar with room to about 305
Top Watches: Long - LW, GILD, XOM. Short - TSLA, AMZN, COST.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/5/2023 - Bear GrindBias: SPY has room to drop under 407 down to 402. QQQ are a bit less bearish with closer support near 315.
Top Watches: Long - PLTR, FDX, GOOGL. Short - SCHW, AMD, PTGX.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 3/30/2023 - BullishBias: Gap up over resistance, not super extended, lots of room to run higher
Top Watches: Long - MSFT, NFLX, RIOT, AMZN, ROKU. Short - TRMD
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY weekly Review 01/30/2023 - All timeframes, & AM routineIn this Video I do a quick analysis of the current condition of markets based on the SP500 proxy index the SPY. I also go through a few weekly data points as I am hoping to publish this every Monday to summarize the week head, and behind. This video is a bit long as I go through all my tools and routines, plus we have a very hectic week this week with FOMC, Earnings, Jobs, PMI, and much more. Inflation data on the horizon also (PCE Index which the FOMC cares most about, not PCI).
21% profit in the morningI was expecting a bigger profit (right now it's 21% profit), but in the morning, with something that seemed to be a double top pattern (3min chart), I preferred to take profit and wait for the price to drop again to buy again, let's see as far as it drops, but if I don't see clear signs I won't buy again
Good Morning my Neighbors 🌅Good morning people.
Wjat a beautiful day to see the Bitcoin sun rise like this today.
It was expected here, you had been warned.
French = bon matin
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Portuguese = bom dia
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One Love,
the Nutty Professor
Gold Scalping Vision Hi Traders ,, Hope You Enjoy With Good Trading Day ..
We Have Here Gold Chart On 30M Time Frame , And We See 2 Scenario
1- Gold Break Out The 1990 High And Break The Trend And The Line So We Will Go To 2000 And 2060
2- Down And Break Out The Upper Trend Line Or Close 30M Candle Down The Line So We Will Sell To 1970 - 1960
Thanks For Reading My Analysis ,, See You Next Chart ..
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
Pattern: Morning Panic Dip-Buy Pattern->What is the Morning Panic Dip-Buy Pattern?
This pattern is based on a wall of sellers that drive the market down in a short time.
As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand).
Leaving us with a first day candle of March 7th, with a volume as high as the all time high, opening and closing in the same price; this is a clear sign of strength because demand are now the leaders of the market. This day we had the possibility to entry in this new trend.
->What causes the Morning Panic?
This pattern is caused by a new catalyst as a new, longs taking their profits overnight during the all time high, and sellers betting against the stock as it rose so high that it could not maintain.
->How the Morning Panic Plays Out?
These stocks often close strong during the previous session (as the example did), sometimes this creates a gap up at market open and when gap up occurs, longs sell their shares to take profits.
Be aware as the stock after the morning panic usually takes some time to settle into a cleat trend.
->Dip Buying a Morning Panic is a classic long position.
Hope you have a great day!