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🔥 Bitcoin Outperforming Previous Cycles: Best Case Scenario?As Bitcoin seems to be unstoppable, it's time to take a fresh look at the current bull-run (read: the period after the low) and compare it to previous bull-runs. Against my expectations, Bitcoin is outperforming both the 2018 and 2015 bull-runs. Most notable is the 2015 bull-run because it took us from ~150$ to ~20.000$. Keep in mind that the 2018 bull-run also outperformed the 2015 run at some point, but then quickly went under it and stayed under for the remainder of the cycle. If the current bull-run stays above the 2015 line, we might actually see a top of >350k. Not the most likely scenario, but a man can dream. For now, things are looking great. Bitcoin will likely break through the 50k resistance in the coming week, which opens the path to the ATH of 69k.
INDEX:BTCUSDLong
by FieryTrading
11
🔥 Bitcoin Looking Very Bullish: Cup & Handle Bitcoin has been performing extremely well over the last two weeks. In previous analyses I wrote that I expected the ETF to be a longer-term top. We dropped over 20%, but I expected we would drop to the 35k-30k area. Yet here we are, retesting the pre-ETF launch resistance merely a month later. As of now, it's more likely than not that BTC will make new highs in the near future. Price action is strong, and so is the stock market. However, there's a minor risk in the very near future, which is the very overbought RSI. With a 4H RSI at 83 points, it makes it risky to step into a short-term long position at the moment. I'm expecting the price to correct a couple of percent to let the RSI cool down a bit. This would be a great entry for a longer-term swing position, since there's a high probability that BTC will break through 50k with force on the next leg up, creating a nice cup & handle pattern.
INDEX:BTCUSDLong
by FieryTrading
20
EURCAD - Wait For The Bulls 🏹Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURCAD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes. On H4: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major swing high marked in red. 📉 Meanwhile , EURCAD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
Yemi_Fx1 | Short Opportunity on USDJPY After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating for continuation pattern for the move of price to the nearest support level at price 146.539 If you found this helpful please support your fellow trader with a like.
Short
by Yemi_Fx1
The weekly on btcusdWith the exceeding of 43.8k usd which is the maximum achieved last week, an attack on the most important resistances could take place or perhaps directly at the maximums achieved in January, this or next week. The hammer from two weeks ago, which requires confirmation, needs a close higher than this high taken into consideration today, because at that point the correction would be over and the trend would restart upwards. The opposite scenario, i.e. the invalidation of the one-candlestick pattern, would occur with a perforation of the hammer lows and would be a clear sign of weakness.
BITFINEX:BTCUSD
by Melupira89
4 Accurate Predictions Made by AI for Tesla (TSLA)In the rapidly evolving landscape of financial markets, Artificial Intelligence (AI) has emerged as a pivotal force, transforming traditional trading strategies into sophisticated, data-driven methodologies. This article delves into the role of AI in identifying and capitalizing on market trends, focusing on recent successes in detecting bearish stock patterns in Tesla (TSLA) shares. Through a detailed analysis of three distinct patterns—Cup-and-Handle Inverse, Head-and-Shoulders Top, and Broadening Wedge Ascending—this discussion illustrates how AI technologies, particularly those developed by Tickeron, are reshaping investment approaches. The AI Revolution in Stock Market Analysis The integration of AI in stock market analysis marks a significant shift from human-driven decision-making to automated, algorithm-based strategies. AI's capacity to process vast datasets, recognize patterns, and predict market movements is unparalleled. These capabilities enable traders and investors to make more informed decisions, often with higher accuracy and speed than traditional methods. Tesla's Bearish Patterns Prediction #1. Downtrend Detected Cup-and-Handle Inverse Pattern On December 7, 2023, Tickeron's AI advisor, A.I.dvisor, detected a Cup-and-Handle Inverse pattern in Tesla's stock, indicating a potential bearish turn. Initially priced at $242.64, the stock was monitored closely until December 12, when the bearish trend was confirmed, and a target price was set. By January 12, 2024, Tesla's stock reached the target price of $223.07, offering a 9.83% gain for those who shorted the stock based on the AI's prediction. Prediction #2. Downtrend Detected Head-and-Shoulders Top Pattern Simultaneously, A.I.dvisor identified a Head-and-Shoulders Top pattern for Tesla on the same dates, with the stock also priced at $242.64. This pattern, another indicator of a potential price decline, led to a similar outcome. On January 12, the stock price hit the target of $222.45, again resulting in a 9.83% gain for traders who acted on the AI's advice. Prediction #3. Downtrend Detected Broadening Wedge Ascending Pattern A more recent analysis began on December 14, 2023, when a Broadening Wedge Ascending pattern was detected in Tesla's stock, then priced at $251.05. This pattern, confirmed on January 3, 2024, signaled another bearish trend, culminating in the stock reaching a target price of $233.59 by January 9. This pattern offered traders a 6.44% gain, further showcasing AI's prowess in predicting market movements. The Role of Tickeron Patterns and AI Robots Tickeron's innovative approach to market analysis encompasses the development of AI robots capable of scanning the market for specific patterns. These patterns, such as the Cup-and-Handle Inverse, Head-and-Shoulders Top, and Broadening Wedge Ascending, are key indicators of potential market movements. Tickeron's AI robots not only identify these patterns but also provide actionable insights, including target prices and potential gains, thereby equipping traders with the information needed to make strategic decisions. New Robot factory from Tickeron Trading Results for last 12 months TSLA AI Robots (Signals Only) AI Robot's Name P/L Swing trader: Downtrend Protection (TA) 73.57% Trend Trader: Popular Stocks (TA&FA) 37.41% Day Trader, Popular Stocks: Price Action Trading Strategy (TA&FA) 36.66% AI Robots (Virtual Accounts) AI Robot's Name P/L Swing Trader ($700 per position): Hedge Fund Style Trading (TA&FA) 77.75% Swing Trader, Popular stocks ($1.5K per position): Mixed Strategy (TA&FA) 65.65% Swing Trader, Popular stocks ($700 per position): Mixed Strategy (TA&FA) 59.95% Conclusion The integration of AI in financial markets represents a paradigm shift towards data-driven investment strategies. Through the lens of recent bearish patterns identified in Tesla's stock, it's evident that AI technologies like those developed by Tickeron are at the forefront of this transformation. By leveraging machine learning algorithms and AI robots, investors can navigate the complexities of the stock market with greater confidence and precision. As AI continues to evolve, its impact on financial markets is poised to deepen, offering promising prospects for the future of trading and investment. PYTH:TSLA
TShort
by Serhii_Bond
🔥 APE Moonshot Trade: HUGE OpportunityI've been keeping a close eye on APE ever since it launched. It has seen a massive sell-off after the initial launch on Binance, but has potentially stabilized. As seen on the chart, APE has been forming a long-term falling wedge. In my view, this falling wedge (with a 95% sell-off) could potentially be the slingshot idea that APE has been waiting for. Key indicator is that the resistance of the wedge has been retested as support. This is a long-term trade, so don't expect the target to be reached within the next year at least. I'm aware my view on the markets have been largely bearish recently, but that does not mean that there are no bullish opportunities in the market.
Long
by FieryTrading
6
🔥 Bitcoin Losing The Short-Term Uptrend? BAD Reaction To FOMCWith the FOMC practically concluded, the market is reacting with a strong sell-off in both crypto and stocks. The FED has announced to keep their interest rate stable for the 4th time in a row, as it wants to see a stronger reduction in inflation before cutting rates. Higher rates for longer, the market doesn't like that. As seen on the chart, BTC is trading in a decent uptrend for the last week. However, there's a risk that the FOMC will mark a top and that the bears will take over from here. Keep in mind, bears are still waiting patiently after the post-ETF sell-off. If BTC breaks through the bottom support, we could quickly fall back towards 41k or even lower.
INDEX:BTCUSDShort
by FieryTrading
4
🔥 Your BEST Bitcoin Entry Before The Halving! 🚀With the halving coming up, everyone is looking at when BTC will start the next bull-run. Personally, I think that it's more likely than not that BTC will continue to trade bearish due to the recent ETF launch. However, there's definitely light at the end of the tunnel. The bottom yellow support would be the perfect area for a long-term BTC entry to ride the bull-market to potentially >$100k. The blue bars are just one of the many possible price movements of the market, so don't assume I expect it to play out, it's there for illustrationary purposes.
Short
by FieryTrading
19
🔥 Bitcoin Miners UNPROFITABLE After The Halving 🚨As per Cantors Fitzgerald's analysis that came out a couple of days ago, most big Bitcoin mining companies are deemed to be unprofitable after the April 2024 halving. Why is this important? Well, if the bigges miners in the world are mostly 'producing' at a loss, they can do either of two things: (1) Sell their tokens at a loss to recoup immediate costs (in case they don't have a lot of money in the bank). (2) Hold on to their tokens and wait for the bull-run, which should (historically) occur in late 2024 and 2025. In case of (1), this can lead to further downwards pressure and potentially even a bearish cascade. Miners need to sell more and more of their BTC's to regain the same dollar value when prices are falling, which will function as a self-deteriorating mechanism. Consequentially, this will be a great time for the average investor. Buy Bitcoin at discounted prices and let the market reward which miner is the most efficient. In case of (2), we can expect more bullish pressure. Since miners are the top sellers in the world, reducing the Bitcoin supply will likely lead to higher prices (with constant demand. Like we saw during the bear market, some miners can also halt their operations until Bitcoin prices are higher. Since most of these companies have never experienced a halving before, it's going to be interesting to see which ones have prepared the best and which ones haven't. I'd imagine the badly prepared miners to shut down operations, leading to both bearish and bullish volatility. Interesting times ahead.
INDEX:BTCUSD
by FieryTrading
3
🔥 AVAX Huge Bull-Flag Breaking OutAlthough I've been generally bearish on Bitcoin after the ETF, I have to play with the cards that the market dealer gives me. For AVAX, that means that this token is under way of breaking out of a big bull-flag pattern that has been shaping up since halfway December. In case the 3D candle closes above the top resistance, it could very well indicate that further strength is coming to this token. Looking for a 105$ target over the next few months.
Long
by FieryTrading
5