$10 by June 2024It's 2024, 3 years since people received free money from our government, people already started draining their savings accounts. Everything got much more expensive. Rising auto loan, credit card, mortgage delinquencies. We already had crypto pumps begging this year and these pumps were much smaller than 2021. I don't think people have money to pump anything anymore. The recent GME and AMC pumps were also small compared to 2021 pumps.
I think time is about to come for the entire crypto industry.
Let's be honest, it's a pure game.
I'm long BITI.
Current position: 5000 BITI shares.
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CRUDE OIL (#WTI): More Growth is ComingWe spotted another breakout today in the 📈USOIL chart, as it broke through a significant horizontal resistance and closed above it.
This sets the stage for a possible bullish trend continuation. Given the current market rally, this breakout could lead to another wave of bullish movement.
We anticipate a continuation of the bullish trend towards the 73.60 - 74.62 range.
EUR/USD May Decline as USD Gains on Trump-Related TradesToday, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680.
With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
Dogecoin : Pullback ! Rejection? Trading Setup:
A Trading Signal is seen in the DOGEUSDT Dogecoin (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.144
⭕️SL @ 0.136
🔵TP1 @ 0.183
🔵TP2 @ 0.206
🔵TP3 @ 0.240
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024
The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events.
The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains.
Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down
/// SELL GBP/USD : zone 1.29520 - 1.29720
SL: 1.30100
TP: 60 - 120 - 250 pips (1.27220)
Safe and profitable trading
Cardano (ADA): Possible Upward Movement of 10%Cardano has made a good upward movement, breaking the local resistance zone, which might result in a good movement to the upper zones (towards the next resistance zone, where we also can see a smaller CME gap).
More in-depth info is in the video—enjoy!
Swallow Team
GBPAUD - Potential short !!Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. After price filled perfectly the imbalance I expect to see a rejection from bearish OB.
Like, comment and subscribe to be in touch with my content!
SPY/QQQ Plan Your Trade For 11-7 : Rally Pattern DayGood morning,
Although I would argue the post-election rally may already be moving into exhaustion, the SPY Cycle Patterns suggest today is a Rally pattern in Trending mode. So, I expect the markets to attempt a bit of a carryover rally phase today - moving into a Counter-trend Rally pattern tomorrow.
That counter-trend rally pattern suggests the markets will try to find a peak/top and roll downward into the close of the week.
Gold and Silver appear to be basing with a potential for another move downward today - retesting recent lows. Based on my estimate related to Fibonacci Time Cycles, I believe Metals is looking for a momentum base to rally off of. Thus, I suggest traders prepare for a big move upward in Gold and Silver over the next 4 to 7+ trading days.
Bitcoin is still in a Bullish trending phase after breaking into new highs. Today, I spent quite a bit of time going over the Excess Phase Peak pattern related to how the price is trending and what to expect.
It is critical to understand that the markets will move away from this post-election relief rally phase over the next week or so. Ultimately, what has changed is that we have a new POTUS with new policies and objectives in 2025. Right now, everything is still pretty much the same as it was last week.
Volatility is still high and I urge traders to stay cautious. The time for adding more liquidity will come after November 25-30.
Remember, the number 1 rule for traders is to Protect Capital. You can still trade, just trade much smaller allocation levels for now.
We are about to move into a period of moderate consolidation. Sit back and wait out this sideways trend. The real opportunity will come after November 25-30.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Hellena | SPX500 (4H): Long to area 5915 (Wave 5).Dear colleagues, I believe that the upward movement is not over yet and the end of the movement in wave “5” is ahead.
At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915.
Then we will look for a short trade entry, but for now all my thoughts are only on long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
AAVEUSD at the top of the Channel Up. Going parabolic if broken.Aave (AAVEUSD) has been trading within a Channel Up pattern since Triple Bottom formation on the Bear Cycle Support Zone. This Channel has technically served as the Accumulation Phase of the Bull Cycle, a prolonged process that ends when such patterns break.
Technically the price is the closest to its top (Higher Highs trend-line) since the week of March 11 2024 and the fact that the 1W MACD has invalidated a Bearish Cross this high with the incredible rise since yesterday, is an early sign that the time to break above the Channel Up has come.
If it does, be ready to buy as the minimum technical Target would be the $670.00 ATH.
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sholongs mkr is one of the top performing alts whales favorite the structure seems creating 4th wave although 3rd wave was very strong over extended indicating bulls control entering early is risky 5th wave has a good RRR ride safely everyone use volume macd rsi or stochastic if want to ride enjoy trading
CRYPTO TOTAL MARKET CAP CRYPTOCAP GOING UP To whom it may concern,
#CRYPTOCAP on the daily is trending upward, and if we correlate it with #BTC’s price, they are both moving together, which is good news for the bulls. The next resistance level is at 2.721T.
Feel free to comment or ask any questions.
Thank you for reading!
11/7/2024Today I took a couple of trades (not my original plan) I noticed that the trend was bullish so I made a plan, I got on the charts early about 8:30/9:00 o'clock and marked my zones.
I attempted to follow my plan and stick to it because I need control and I do not want to pull pointless multiple triggers a day.
The plan was to go long, but I don't think that today was a good idea for that type of strategy..
At first I did manage to make $536 however because of the activity in the market and because there's choppiness it caused me to double guess and have multiple entries and exits.
I did try to walk away a few times but I started losing money and I lost 90% of my earnings and I only was able to walk away with about a $100 when I accounted for my losses.
BTC INTRADAY POWELL INFLATION
Hello, dear intraday degens where the action is happening right now!
BTC is testing the last intraday high as support, with volume trending in the right direction. There’s plenty of support below if this level breaks.
In other news, the Federal Reserve has cut interest rates by 25 bps, which should be positive news and may help push the price up.
Still, nothing should be taken for granted in crypto trading—stay safe!