BTC H&S Structures- it's always interesting to check the past and learn from it.
- Sometimes you will find ways to find the future.
- On this messy graph, i posted some H&S and inversed H&S Patterns.
- i didn't post them all (but have more), i didn't want add more mess :D
- Check support and resistances on H&S dotted lines.
- Check colored bubbles like always.
- This is not a trade recommendation or a prediction.
- imho for now and until Halving better stay out of markets and buy pop corns.
Happy Tr4Ding
Pattern
🔥 Bitcoin Lost HUGE Daily Support: Beginning Of The EndIn my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far.
Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support.
In case BTC doesn't reverse from here, we're going to see a major daily support around 41.2k broken for the first time since early December.
This looks bearish. Seems to me that the break of 40k is a matter of time. Could be either today or in the next few days. We're likely seeing the start of some kind of major sell-off that will occur over the next few weeks.
Time will tell.
🔥 Bitcoin Spot ETF Approved: DUMP ALARM 🚨After yesterday's false start, Bitcoin's long anticipated ETF is finally here. However, it remains to be seen whether this ETF approval will be bullish or not.
In the long-term, definitely. Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump.
Reasons for this bearish view:
- Strong pump into news. Buy the rumor, sell the news?
- Top yellow resistance of the channel
- 48k resistance, last major resistance before the ATH.
- The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year.
The bottom support of the channel seems like a decent bearish target. Potentially even 30k.
I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong.
For now, be careful for high volatility.
AUDUSD Short There is a pattern on M15 and M30; this trade is with the H4 trend and should fall to the bottom as it is the start of the week, and markets tend to weaken when the week starts. Stop loss should be 30 pips with a target of 50-60. This is a quick trade as there is a lot of support below, and it should strengthen after falling.
🔥 Bitcoin: Just A Dip? What Does 2016 Tell usPreface: I'm still bearish on BTC as per my most recent analyses. The ETF launch likely signaled a major top, potentially until the halving. My most likely scenario's are shown below.
That being said, I think it's worthwhile to look at the market from different perspectives.
In this analysis I'm going to compare the 2016-2017 bull-run with the 2023 bull-run. Back then, BTC experienced many 30%-40% drops over the course of 2 years. In the end, every dip was a dip to be bought which led to some very good returns.
Thus far, the 2023 (and 2024) bull-run has had several dips around 20%, which all proved to be very good entry points. We had to admit to ourselves that it's possible that the drop after the ETF launch is a dip to be bought.
Furthermore, the dips getting less deep than 8 years ago is a natural consequence of the market maturing and becoming less volatile.
Is this just a dip, or are we facing a longer-term correction? Happy to hear your thoughts!
Is Boeing a buy before earnings? LONGThis is a daily Boeing chart with the idea on the chart in the text. There may be a good entry
before earnings using a stop loss under the POC line and an ultimate target of the projected
trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation
and its sequelae. A megaphone pattern demonstrates increasing volatility in price action which
is something some traders take to the bank. My analysis is that this may be a safe swing trade
until the report of the 24Q2 earnings in about 100 days.
🔥 Predicting Bitcoin's Price On The 2024 Halving: Dump Ahead?In this analysis I want to shed some light on an interesting relationship that I found between bear-market bottroms and the price of Bitcoin during the halving. This analysis is speculative and based on 2 previous occurences, so take it with a grain of salt.
The relationship that I found is as follows:
2nd halving: price at halving = 300% off the bottom.
3rd halving: price at halving = 200% off the bottom.
Percentages rounded to hundreds. Omitting first halving because market was not mature.
So my assumption would be that the price on the 4th halving, the next one, would be 100% from the 15.500$ bottom, so around 31.000$
With BTC reversing after the ETF launch, a move towards 31.000$ is not even that far-fetched, since it functioned as a very important resistance of the majority of 2023 and therefore functions as a magnet.
Do you think this is a reasonable analysis? Happy to hear your thoughts!
EURUSD Bearish Flag PatternThe EURUSD broke through the upward trendline at the end of last year, due to USD strength. This downward move saw the formation of a bearish flag pattern during the first half of January.
The EURUSD has now broken the channel and the support level (61.8% Fibonacci retracement level) to signal a bearish continuation.
The target level could be the next support level at 1.0745
Gold can make upward impulse from support line to 2060 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price recently rebounded from the 2030 support level, which coincided with the support line of the pennant and made a strong upward impulse to the resistance line, breaking the 2060 resistance level, which coincided with the seller zone. After this, Gold bounced from the resistance line and made a downward impulse to the seller zone, exiting from the pennant, and soon the price broke the 2060 level too and declined lower. Also then, the price started to decline in a downward channel, where it fell below even the 2030 support level, which coincided with the buyer zone. Later Gold bounced from the support line of the channel and rose to the resistance line, breaking the 2030 support level again. At the short time later price exited from the channel and started to trades in one more upward pennant, where it continues to trades near the support line at the moment. Possibly, Gold can rebound from the support line and rise to the resistance line of the pennant. After this, XAU can make a little correction, after which it continues to move up to the resistance level, thereby exiting from the pennant. So, I set my target at the 2060 level. Please share this idea with your friends and click Boost 🚀
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders,
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Xau/Usd 1hHello traders!
The pair Xau/Usd reached the level (2038.78). We have two scenarios. Scenario number 1: The price breaks (2036.00) and goes to the level (2022.00). Scenario number 2: The price will test (2036.00) and then reach the level (2050.50) where it will bring a confirmation for a decline to the level (2022.00). Be careful! Don`t forget to look at the economic calendar!
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🔥 PEPE Inverse Head & Shoulders: Last Dip Before Moon?PEPE has beentrading relatively bearish since it topped early in December. With BTC moving down, it's getting more likely that PEPE will see some kind of sell-off in the near future.
I'm looking at this inverse head & shoulders to play out over the next weeks. Ideally, we get some kind of bounce going around the 85 area.
Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
HelenP. I Ripple will break trend line and continue to move upHi folks today I'm prepared for you Ripple analytics. Some time ago price traded inside the resistance zone, which coincided with the resistance level, and later it made a fake breakout, after which the price rose to 0.6385 points. Next, Ripple rebounded and made a strong impulse down to the trend line, thereby breaking the 0.6150 and 0.5500 levels. After this movement, XRP rebounded from the trend line and rose higher than the 0.5500 support level, which is located in the support zone, breaking this level again. Also, the price started to trades in a triangle, where so long XRP traded near the support zone. At the last time, when the price declined to this zone, it at once rebounded up to the 0.6150 resistance level. Price even broke this level and entered to resistance zone, but soon it turned around and in a short time declined to the trend line. As well recently, Ripple exited from this pattern and now it continues to trades very close to the trend line. For this case, I expect that XRP will break this line again, make a retest, and continue to move up. That's why I set up my target at 0.6100 points. If you like my analytics you may support me with your like/comment ❤️
opportunity to go long or short in AVAXUSDTguys there is an opportunity to go long or short if the price breaks and closes below or above the support line and can aim the recent swing low or high and i have also used fib to predict where to set the take profit for both long a short position, for long position you can set your TP at the above arrow and for short position you can set your TP at the down arrow
🔥 Bitcoin Bulls Holding By A Thread: What's NextIn my recent Bitcoin analyses I've talked about the fact that I expected the Spot ETF announcement to be a sell-the-news event, helped by two important resistances lying at the 48k-50k area. See below for my in-depth analyses:
As expected, Bitcoin has reversed from the 48k area and is currently trading at 43k-ish. The bullish trend is still not broken, so there's some hope left for the bulls.
In order to fully confirm my bearish bias, I'm waiting for BTC to fall through the yellow area of support. This support has been holding since early December, so it would definitely be a long-term shift if it would break.
If we will close a weekly candle below 40k, there's a decent probability that we will move towards the bottom support of the diagonal channel (see first analysis), potentially even lower.
As mentioned before, this bearish move is likely the last one before the "real" bull trend starts. BTC has historically always dumped in the first months before/after the halving, so this potential dump is nothing out of the ordinary and will likely function as a spring towards new all-time highs.
Navigating a Downward Channel: A Journey to Potential UpsideWelcome to a comprehensive breakdown of the IGR setup – a compelling narrative rooted in technical analysis that may uncover a path to potential gains. Check out the video, as I delve into the reasons underpinning my decision to hold a current position in IGR, while keeping risk management in this turbulent market in mind.
Firstly, we explore the mechanics of a downward channel, often considered a bullish indicator, which is poised for an upside breakout after several touches against resistance. I'll guide you through my anticipation of the stock's trajectory towards a target, accompanied by a strategic management of entry and exit points. My approach combines a tight stop loss coupled with a keen eye on partial profit targets, ensuring a balanced risk management.
However, the analysis doesn't stop with patterns. The setup also encompasses fundamental factors that add another layer of interest – notably the stock's consistent history of dividend payments through market upheavals, even during the 2008 crisis and the tumult of 2020. We ponder the implications of a sizeable estimated dividend yield that provides not only trade value but also potential for long-term holding as a dividend stock.
Additionally, insider buying acts as a crucial signal in our evaluation, hinting at the confidence held by those with intimate knowledge of the stock’s inner workings.
The final piece of our analytical puzzle extends to examining the weekly chart, revealing a pattern that suggests bullish sentiment, supported by a strong trend line dating back 16 years – an invaluable insight for those studying long-term support levels.
Remember, the choices traders make must be informed by rigorous research and consultation with financial advisors where necessary.
This exploration is intended for educational purposes, offering a peek into the strategic thinking that informs intelligent trading decisions.
ETHEREUM - Price can exit of triangle pattern and then bounce upHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price made upward impulse from support line of pennant to resistance line, breaking $2200 and $2365 levels.
After this ETH at once bounced from resistance line and declined to support line, breaking one more time $2365 level.
Later, price made impulse from this line higher than $2365 level, where soon it entered to triangle and then fell below.
Ethereum declined even below support level, which coincided with support area, but recently it bounced from support line back.
Now, ETH continues to trades in triangle near support line and I think price can exit from this pattern.
Then Ethereum can decline a little more and later bounce up to $2310 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 Bitcoin's ETF Might Cause A Major CRASH: Be Warned! 🚨In this analysis I'm going to take a more bearish (potentially very unpopular) stance on Bitcoin's ETF launch. More and more news seems to be seeping in about this highly anticipated spot ETF, which makes me believe that a launch is imminent.
Allegedly, there's a 90% chance according to Bloomberg that the spot ETF will be approved by January 10th, early next week. Just search your favorite crypto twitter person, youtuber or website and you can check for yourself.
Historically, big crypto news that the whole market is watching (see red lines) does not have an immediate bullish effect on the markets. Actually, big crypto news has a tendency to signal long-term tops like in December 2017 and October 2021.
Buy the rumor, sell the news. I'm strongly anticipating a big dump on Bitcoin's ETF launch news. Gamblers might be piling in on the news, taking BTC up to 48k or so (as mentioned in all my BTC analyses), but then the whales will dump on them and sell their positions that they've been building over the past year.
This dump will likely signal the top for the foreseeable future. We've got the halving in a couple of months, so the top will only be temporary. This dump might be your last chance to buy alts for cheap before the real bull-market starts.
No one knows how deep the dump will be. I'm looking at the yellow support for a target, but we could potentially go back to the 25k area.
Summary
ETF will potentially be sell the news event. Dump for few months. Buy cheap alts. Enjoy bull-market at the end of the year.
🔥 Predict The Next Crypto Bull-Market: Save This Chart! 🚨In this analysis we're going to take a closer look at the Bitcoin dominance, also known as BTC.D.
As seen on the chart, the BTC.D appears to be trending downwards over a long period. However, the most recent peaks (red arrows) in the BTC.D value have coincided with the start of the bull-markets.
Assuming that the Bitcoin Dominance will keep on going up, there's a very decent probability that the next Crypto Bull-Market will start once the purple resistance line is hit. Just be patient!
Keep an eye on this chart, since it might signal the start of the next bull-run.