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Parallel Channel

Bitcoin - 99% of people do not see this 2017-2024 pattern!This is a long-term ascending parallel channel that no one sees! And guess what? The price is currently at the major resistance of it. This channel is 100% valid.  Now the question is, how will Bitcoin react on the upward sloping trendline? As always, I bring you strong technical data, and now it's up to your decision. From my point of view, buying Bitcoin at 100k after a huge pump from 15k (2022) doesn't make too much sense. But that's not what moon boys want to hear. Who still doesn't know what the plan for Bitcoin is—to make a one-world digital currency and one world government. Bitcoin is a currency that wants to replace cash, and all your transactions are monitored 24/7. There will be 1 wallet per person since your birth, and you will not be allowed to create a new personal wallet. The energy of your body will be used to mine Bitcoin, in other words, you will mine Bitcoin with your energy. In this case, you will have to eat more food to sustain this load, and you probably know that the more you eat, the faster you age and get old. The more you drive the car, the more gas you need, and the lifespan is shorter. Bitcoin was brought to planet Earth by unfriendly aliens. Bitcoin is popular only because of the profits that have been made in 2008-2024, but Bitcoin will never go exponentially again. It's too big already; see this picture. In order to make 10x or 100x, you must invest your money elsewhere.
Short
by Xanrox
129
FETCH AI / EURO - Artificial Super Intelligence QUICK NOTE Apologies for the recent silence, everyone. I've been dealing with a significant health issue related to an old back injury that flared up again, one that previously required surgery. I'll be making a big effort to resume my usual content soon. In the interim I'm going to try and share the better opportunities I see including sharing details about my recent purchases. Thank you for your understanding and patience. FETCH AI / EURO - Artificial Super Intelligence ~ Weekly Candle Chart~ ▫️ Great Risk:Reward structure for a trade per chart. ▫️I am LONG and recently added to the position. 🛑Stop Loss at €1.00. Date of increased risk: This is potentially a 3 to 6 month position, however I anticipate a sell off across the board in crypto on or after the inauguration of Donald Trump on Jan 20th. A good time for all assets to cool down. First Price Target: Culling a large portion of the position at €3.21 maybe strategically advantageous in terms of risk reduction. Long term players can sit in position until April if they want more upside and can tolerate the risk. I would recommend reducing position size though. The chart should instruct you on the rest. Also, it will be on Trading View so you can monitor it there and see how we are performing. Any questions, blast them below. #fetch NYSE:FET #FetchAI
Long
by PukaCharts
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
42
An update on the monthly log channel chart from AprilI posted this chart idea originally all the way back in april when I discovered that all the major tapas and bottoms of the market since the 2017 top until now are all in a very clear set of rising channels seen best on the 1 month log chart as shown here. We can see since that time in April, Bitcoin has now broken back upward and is very close to retesting this super strong trendline just above it currently around 47-48k. This trendline is likely to be significant resistance, however there is a chance during a moment of extreme fomo where we could break above this trendline and retest the lighter green ascending trendline with a wick which is currently sitting around 56-58k on the current monthly candle. Ultimately my guess is the trendline just above current price action at the 48k zone is likely to maintain candle body resistance and lead to the next big market correction. It may even maintain wick resistance too but I still believe we can possibly wick above it and retest the trendline just above it with a wick before ultimately closing whichever candle gets above it’s candle body below the 48k trendline. Once this happens, the first zone I’m going to be watching to hold support is at the 1month 50ma shown here in orange. There’s a decent chance we could correct even lower than that but that will be the first zone I watch for a potential reversal back into the uptrend. For now though I think it’s completely possible to go as high as the 56-58k zone with a wick while still maintaining the trendline just above this current area as resistance but I wont be surprised if that trendline at 48k is so powerful we cant even get a wick above it either. Both seem quite probable to me at this point. I am going to attach a link to my original channel idea on this update as well so you can see where this channel discovery originated from. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
SCI NSE Bearish channel BO WTF NEW Stock Analysis Trade Plan: SCI Entry: 50% of the total quantity at 243 DTF Close, with an additional 50% added at 274 DTF Close Price. Stop Loss: 203 Target 1: 345 Target 2: NA Hold for a period of 11 months to 1 year or until the target 1 is reached. Chart Pattern: The stock experienced a Pullback period of 5Months after touching an all-time high (ATH) of 383 . Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA below the 50EMA. The EMAs are in Transitional sequence of alignment. The Stock is at good price point where the 50EMA and 200EMA are very close and the 20EMA has curved upwards.A potential bullish trend in formation on the DTF/WTF timeframe. Volume Analysis: There has been a surge up of volumes on the buy side for a Month now. Take entry as recommended in Trade Plan. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:SCILong
by billpramod
CHFJPY forecast On technicals, The price reacted to the bearish cypher pattern and started dropping, breaking the support level with a strong candle. It seems likely to continue its decline toward the 166 level. Right now, we’re waiting for a retest of the broken 172 support, which could be a good entry point. On the fundamental side, Swiss GDP dropped by 0.4% in the third quarter, as expected, while The yearly tokyo core CPI rose to 2.2% from 1.8%, beating the forecast of 2.0%. This supports the yen’s strength against the CHF.
Short
by Justfxtrades
AAVE uptrend slowing downOn the background of bleeding BTC i see AAVE uptrend slows down. 1D channel begins to incline, and correction wave fails to print new HH 3 times in a row already. So it might be signs of reversal. 137 support is still valid, but sellers are pressing that triangle down. So I will watch big TF close candles on that Support level. If 1D closed under 137 (after touch) I will count that as an uptrend channel breakout and target the lower demand zone. It 1D close above 137 (after touch) I will target the triangle upper border. And a trend channel bottom retest on the same time.
by CyberBOB_Crypto
1
LTC Long (conditional mid-term)#LTC Long (conditional mid-term) If - then. Why: • General Bullish bias/Uptrend Where: • Lower border of 12H uptrend channel • Volume POC of the range • Zone begins: HL SSL • Zone ends: Lower OB • SL Under next swing low and demand POI - Still in premium Zone. Risk: Low The probability of a general bullish uptrend continuation is always higher than the probability of a reversal. Amount: SL is medium sized- 4,3% Safe entry on 1.86% x25 will expose you to the risk of 2% total.
Long
by CyberBOB_Crypto
4
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign. With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future. I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top. I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NASDAQ:NVDALong
by mwrightinc
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun: Click chart above to see the detailed analysis👆🏻 Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel. Levels to watch: $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
12
Understanding ICT Classic Weekly Profile on BANKNIFTYICT weekly profiles are conceptual frameworks that describe typical patterns of price behavior during a trading week. Each ICT weekly profile has unique characteristics that can hint the traders in anticipating potential market movements. However, it is important to note that these profiles are not fixed predictions but rather frameworks to understand market tendencies and works with Higher Time Frame PD arrays confluences. ICT weekly profile is explained below with BANKNIFTY Chart analysis Classing Thursday High of Week (Bearish Setup) Key element to focus : Higher Time Frame Premium array (Weekly Buy Side Liquidity) for bearish setup Time Frames alignment : HTF --> W1 (PD Arrays) LTF ---> H4 (Market Structure) ETF --> M15 (Entry) Process : 1. Market offers Liquidity from Monday to Wednesday 2. Market seeks Liquidity on Thursday 3. Market rebalances on Friday
NSE:BANKNIFTYEducation
by chartology369
Gold will Go UP at least to PRZ!!!Gold ( OANDA:XAUUSD ) started to rise again after the conflict started in Syria as if the Middle East does not want to be calm (unfortunately). Every day is a new story. Gold started to rise again from the Support zone($2,644-$2,624) after the high point and is moving in an ascending channel . According to the Elliott wave theory , Gold seems to have succeeded in completing microwave 4 , and we should wait for it to rise again . I expect Gold to rise at least to the upper line of the Ascending Channel and Potential Reversal Zone(PRZ)($2,675-$2,668) . ⚠️Note: We can expect more dumps if gold touches $2,647.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140% At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775. Resistance levels: 1.5234, 1.6300 Support levels: 1.4116, 1.2775, 1.2133 So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
29