🔥 Bitcoin Break Out! 2024 Starts Off AMAZING 🚀Over the last couple of weeks I've been posting a lot of analyses on Bitcoin's bull-flag pattern. My expectation was always that the price would break out through the top resistance, with a target of 48k.
As of this morning, BTC has rallied hard on bullish ETF news. The break out is strong with a lot of volume, so 48,000$ seems imminent at this point.
Why 48k you ask? Well, it's the strongest resistance area before the all-time high. If the bears will fail to defend 48k, chances are were going straight to new all-time highs. For now I'm bullish untill 48k, neutral at 48k, and bullish again if we manage to break through 48k.
To all patient bulls: congratulations. The trend is your friend. But be wary, the bears might be lurking at 48k.
Pattern
🔥 AVAX: Waiting For The Perfect EntryAVAX has been on a killer bull-run over the last two months. However, it seems that this token is currently facing a cooling-off period.
Potentially, this is great news for patient bulls. AVAX is trading within a bullish symmetrical channel, we're going to wait until the token hits the bottom support.
Not sure if we will actually hit this support. However, be ready for when it does.
Bitcoin AnalysisSo many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto.
1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside.
2. Range: Price needs to reclaim the Median level (white dotted line) for more upside.
3. Trendline: Price needs to reclaim the Trendline (yellow) on for upside.
In summary we're at an area that will determine if we are going to reclaim and continue higher or go down for a correction.
XAU/USD Bullish continuationRisk Reward : 16,67
We are following here secret pattern that made us 108,95% in 2023 so far. This is not a 100% strategy as no one is... we did have 3 loss in total of 9 trade. We are looking here for a bullish continuation that will occure after a nice retracement that will make think seller are in control... the problem is that there's already a trade in progress that no one see right now. The only thing is we have to grab the selling position before we continue to go higher.
Enjoy and have a wonderful year of trading in 2024. ( Focus on big movement ) and take the time to analyse all of them to see the pattern that repeat over and over again.
Peace.
🔥 Crypto Will Be Fine: Yearly Candles Predicted A Good 2023In this analysis I want to take a look at one of my more popular analyses that I did in December 2022.
The analysis was simple: one red year means three green years for BTC. My expectation was that BTC was going to perform well in 2023, which was quite a contrarian thing to say back then.
For fun, take a look at the comment section and see how many people were bearish at 17,000$. Traders have a tendency to short bottoms and long tops.
One year later, and BTC is trading at roughly 2.5x from a year ago.
One year from now, we will likely be trading above 42.7k. 2025 will be a great year as well, 2026 will be another bear market.
Long-term trading is easy if you know where to look.
🔥 Bitcoin Bull-Flag: Will The Bulls Win?A few days ago I made an analysis on BTC and the bull-flag it was trading in. My expectation was that Bitcoin would move down towards the bottom support and reverse from it to keep the trend intact.
As of earlier this morning, BTC has retested the support and has bounced from it. Time will tell whether the support will actually hold in the longer term.
This is the chance for the bulls to show themselves. If BTC fails the bull-flag and falls through the support, chances are that we will go down much further.
Still, the trend is your friend. Statistically speaking, we should be breaking on the top side. My 48k target still remains in play.
🔥 MATIC 2-Year Bull-Flag Break Out! Prepare For Launch 🚀MATIC has been trading within this triangle pattern (bull-flag) ever since the December 2022 top, 2 years at this point.
With MATIC confidently breaking through the top resistance, it looks to me like a succesfull break out, confirming the trend.
I'm looking for a long-term position with a target of 10$. Be prepared to hold this token for at least a year. Great R/R ratio of >27.
Bitcoin - BTCUSDT - In Wedge PatternGreetings,
BTC has been struggling to breakout and then stay above $44K. With time since the previous move above $38K resistance, the top trendline has been descending. Along with that, the recent bounces have created an ascending bottom trendline. If we extend this bottom trendline back, it aligns well with the previous resistance very well which makes it a strong support.
These two lines are converging on Jan 10, 2024 which is the deadline for SEC's decision on Bitcoin ETF's - too much of a coincidence?
Anyway this convergence is creating a wedge pattern which typically gives 50/50 chance to both up and down move. However as mentioned, the bottom trendline is a strong support and has a steeper angle so we would give a slight edge to bulls here.
With SEC's decision coming up in a few days, we expect high volatility in the markets. All investors should manage their risk. From our end, we will provide our analysis as frequently as we can. Please SUBSCRIBE to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
💷💴GBPJPY Running bearish flat with confirmation! 📉Hey guys, FX:GBPJPY has created a 4hour running flat with a fantastic impulse/correction flag on the lower degree 1hour time frame.
The bearish structure of the running flat combined with the lower degree bearish structure gives a lot of indication of another bearish trend continuation move!
💷GBPUSD, Is it ready to go?📈Hey guys,
On the 60min/240min it appears FX:GBPUSD has created a regular flat with bullish retracement levels. It has then gone on to form what appears to be a contracting flat on the lower degree. If this breaks out then there is a high probability of a bullish move on the 60min/240min.
🔥 Bitcoin Bull-Flag: High Risk-Reward EntryBTC has reversed yet again from the 44k area and is currently in a short-term downtrend. In case this downtrend will continue for the next few days, I want to be prepared.
I'm eyeballing an entry from the bottom support of the bull-flag pattern. High probability that this area will cause some kind of reversal.
With a stop below the most recent swing low and a target at 48k, we can construct a very decent trade with a R/R of 7,64. A more risk-averse trader can take profits around the top resistance of the flag-pattern.
🔥 Bitcoin Bull-Flag Break Out: Bulls Keep Winning!Over the course of the last week I've made multiple analyses where I discussed the bull-flag pattern that BTC was trading in, and my expected move towards 48k.
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After a retest of the top resistance of the triangle, the bullish trend continueed. In m view, it's a matter of time before BTC will make a new yearly high. With a little more than a week to go, 48k is still in the cards for this year.
The period between Christmas and New Year is historically a bullish one, so I think we can expect some fireworks. Even if we don't reach 48k this year, I still think it's going to be reached soon.
Like mentioned before, 48k is going to be a highly contested area. We're either going to sharply reverse from there and see a bearish period, or we will pierce the resistance and move to >50k.
🔥 DOGE Falling Wedge: Wait For Break!DOGE has been trading in a short-term bear trend for a couple of weeks now. In my view, this is a temporary falling wedge which will inevitably break bullish.
Be patient for the bullish break to occur. Stop below the closest swing low, target at the recent highs.
AUDCHF triangle pattern breakoutPAIR: AUDCHF
On both the 1H and 4H timeframe, we can notice continuous bounces off the 0.57275 level
Price then climbed sharply and has been consolidating in a triangle pattern. This could be a signal for continued upside movement in the near future.
This trade setup will be invalid when price breaks under 0.57880
🔥 MATIC: Preparing For A Bearish MoveMATIC has yet again rejected from the main bearish resistance that has been plaguing the bulls for years. I'm not sure if we will go all the way down, but in case we do, I want to be prepared.
I'm eyeballing the bottom support as a major area of buying, therefore I'm going to be patient until this area has been reached. Bears can play, but bulls will in the end win.
With a stop below the October lows and a target at the all-time high we can construct a highly profitable trade. Patience.
🔥 Bitcoin Bullish Support Holding: Wait For Break OutBTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k.
To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested.
I'm waiting for the price to reach above 42.2k to confirm the break out through the top resistance, short term target placed at 44.7k.
🔥 Bitcoin Bulls Are Back: Faked Out Bears In my most recent BTC analysis I discussed a potential break through the top diagonal resistance. This signal got cancelled because BTC fell through the bottom support, but this ended up being a fake out. Bears thought they got the overhand, but apparently not...
Previous signal is being reactivated. If we can close a 4H candle above 42,750$, I'm interpreting that as a break out through the top resistance of the triangle with a target of 44,700$.
Furthermore, this break out could be the final break out of the consolidation period we've seen over the last two weeks. Things can heat up going into the new year, with the period between Christmas and NY historically being bullish.
Final SPX Short This Index has continuously been going up at a high-speed rate for the past seven weeks. However, after this analysis, I believe this will end very soon, and we will see the start of a market crash for the SPX500. H4 is Severely overbought with a lot of divergence, and there is a triple top to show resistance. There is finally a pattern on Weekly that has never occurred before, thus giving this trade a better chance of success. We will try to sell at the high of 4735 and expect a tremendous ROI.
DXY (US DOLLAR INDEX)Hello traders!
The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful!
Don`t forget to look at the economic calendar!
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🔥 QI Huge Risk Reward Signal: RSI Reversal PlayQI has been one of the major movers of the last two weeks. Two hours ago, the RSI has hit oversold on the hourly for the first time since several weeks.
This signal is based on the idea that bulls will be hopping back into this token and push it upwards. Furthermore, the oversold RSI has occurred at the support level, further reinforcing the reversal narrative.
Stop under the oversold-RSI-low. Target at the recent top. This allows us to create an amazing trade with a huge potential pay out.