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Bitcoin respecting the 2 key moves very well ! This week, the price performed very well according to the analysis we did last week. The two key levels have been taking a very positive effect for Bitcoin's next surge. As we can see in the chart, Bitcoin broke through our inefficiency zone with great strength, creating a volumetric bullish candle. This is a very positive pattern, as in the last two days, it has remained in the key confirmation zone which I mentioned in my last Bitcoin analysis. As we can see, Bitcoin is still in a range, but it is recovering little by little. The best part is that Bitcoin is following the exact movement we have been predicting since we started this analysis several weeks ago. Looking at volume, buying pressure, and the overall structure, starting Monday, we could see Bitcoin make a strong bullish move. But note this: the price has not yet broken through my confirmation zone #2 or the green zone, so it could stay there for a few days before we see a strong upward trend. Best regards, and thank you for supporting my analysis, we are doing very well!
COINBASE:BTCUSDLong
by RocketMike111
SPY Lovers ! Bullish and Strong but wait... there is a challengeThere's really not much to analyze here. As we can see on the chart, SPY remains strong and in an upward direction. What I'm expecting: I'm waiting for the price to reach my 565.16 zone as a rejection or liquidity point so that it can regain strength and eventually break through the zone later on. Other than that, there's not much to analyze—SPY remains strong. The challenge this week will be reaching new highs, as we have very important economic news coming up, which could bring a lot of volatility. We'll see what happens this week. Thank you for supporting my analysis.
AMEX:SPYLong
by RocketMike111
QNTUSD Insight: Key Support at $74 & Bullish Projection for 2025In this analysis, we delve into the promising prospects of QNTUSD, highlighting its current strong support at $74. This level presents a significant opportunity for potential gains, making it a critical point of interest for traders. Should this support hold, the likelihood of a substantial upward movement is high. However, in the event of a breakdown, the next robust support level is at $58, which also offers an 80% chance of a bounce back. This optimism is bolstered by the anticipation of an upcoming Altcoin season, expected to peak by November or October 2025. Looking at historical data, QNTUSD’s bull run targets are impressive. The minimum target we foresee is $762. If this resistance level is surpassed by March 2025, the potential for further growth is immense, with a maximum target of $4224.7. It’s crucial to note that this Altcoin season is projected to extend until late 2025, making it essential for traders to plan their exit strategies within this timeframe to maximize returns. Our analysis suggests that traders should closely monitor these support and resistance levels. The $74 support is a key area to watch for potential bullish momentum, while the $58 support provides a critical fallback position. This strategic approach, combined with an understanding of the broader market trends, will be vital in navigating the upcoming Altcoin season. For those keen on staying ahead with in-depth market analysis and gaining insights into upcoming trading ideas, we encourage you to follow us on TradingView. Doing so will enable you to leverage future opportunities and optimize your trading outcomes. Stay informed and maximize your trading journey by following our expert insights.
CRYPTO:QNTUSDLong
by Houseofcryptokings
3
Gold's Resistance: Parallel Channel & A-assisted Zones, VectorsWelcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been intriguing, and a closer look reveals compelling signals for investors. After a decisive bounce from the support zone, hovering around $1820, Gold (XAU) has demonstrated bullish indications. Notably, a confirmed breakout from the falling channel, depicted by the blue parallel channel in the chart, stands out as a significant development. F alling channels are "widely" recognized as bullish chart patterns. They have a tendency to break upwards. What makes this insight even more compelling is the application of cutting-edge technology in detecting potential support zones. Leveraging a Support Vector Machine (SVM) algorithm integrated into a deep neural networking AI, the support zone was identified well in advance, dating back to 09 March. For human observers, this translates into a visually apparent double bottom pattern on the chart. P ost-bounce from the predicted support zone and a classic breakout from the falling channel, Gold swiftly ascended to the resistance zone around $1980. However, historical selling pressure from supply, marked by the purple zone on the chart, has posed a formidable challenge. Since 04 May, XAU has been trading below this zone, reminiscent of the period from 04 May to 04 October. Y et, the potential for a bullish scenario persists. A strong demand wave could propel Gold to break out from the current supply zone after a modest pullback within the projected purple area. It's essential to acknowledge the historical ebb and flow of demand and supply in this market; a failure to breach the resistance zone might lead Gold back to the blue support zone. A nticipating market dynamics, it is crucial to consider external factors. Market news, with its inherent capacity to influence asset prices, might act as a catalyst for a reversal from the support zone. In the event of a downturn triggered by bearish news, the subsequent support zone is estimated to be around $1625. I n summary, the prevailing signals for Gold appear bullish, suggesting a potential breakthrough of the resistance zone. However, the ever-present influence of market news introduces an element of uncertainty. Should bearish news materialize in the coming weeks, the $1820 support zone could offer another opportunity for bullish positions. It is imperative to note that the insights shared here do not constitute financial advice. I am not an investment advisor. The decision to engage in financial markets should be made with careful consideration of individual risk tolerance and thorough research. While the probabilities favor long positions at present, it is essential to remain vigilant and adaptable in response to changing market conditions. Wishing you success and prosperity in your investment journey. Warm regards, Ely
FOREXCOM:XAUUSDLong
by Elysian_Mind
4
AN OVERALL CATCH OF 1500 POSSIBLE PIPS IS LOADINGSP500 has been on down trend since 17th August but the most recent double bottom formation at price level 3578 seems to have change the trend paving a way for a bullish momentum that may likely reward smart money traders with over 1500 pips over the coming trading week, The confluence with over 3 technical tools makes my bias so strong as i hopping on taking my profits from TP 1-TP3 I am watching keenly for its play out before i reanalyze.
BLACKBULL:SPX500Long
by Ejike_Odeh
2
DISNEY (DIS) - WAVE FORECASTDisney has achieved a logical target for this corrective movement. In the chart, however, a slightly bearish H&S formation can be seen, which should be observed in my opinion. 166 USD is crucial: A break below that level would activate 2 more targets to the downside: 155 or (144). That would be a perfect entry. On the other hand, this formation can dissolve very easily. That would also correlate with my bullish view for the overall market. Important for this is a break of the 183.39 level. Then disney can attack the ath again + i see targets around 225 USD.
NYSE:DIS
by TizTrader
No, it wasn't Elon Musk. Bitcoin was exhaustedHello Everyone, I've been seeing a lot of tweets and posts suggesting this drop and the few more to come are a result of Elon Musk's tweet about Tesla no longer accepting bitcoin. How can you blame one man's tweet, that even states "Tesla will not sell it's Bitcoin" for the drop in price? Here's the truth: Bitcoin has been far over extended since the first move to $60,000 in the middle of March. On top of that, Bearish divergence has been building on MACD, RSI, and price action. Let's look at volume, as the price kept moving up, volume kept moving down. This is class A bearish price action. This drop was very obvious from the final move to $65,000 then the retest (right shoulder of the HS) of $60,000. Elon Musk may have thrown a match into a pit of gasoline, but so many other factors were doing the same. This market needs to cool off to gain more investor interest to make higher highs. Bitcoin has finally tested its 20 weekly MA after 5 months of not being anywhere close. Are we in a bear market? No, we are still far from a bear market. My guess is that we see a similar move to the chart on the right. There was a valid HS, Bitcoin dipped 10%, then it consolidated. After consolidation, it was moon time. I imagine something similar will happen. This head and shoulders is to reset the market for another large move upwards. I hope this helps clear the air. Price action, in my opinion, is the best way to indicate the health of a market move. Exhaustion was inevitable. As always, be patient, have risk management, and good luck trading!
BITSTAMP:BTCUSDLong
by RomanXIV
3
Ethereum Exhausted? Price Action AnalysisHello Everyone, I believe Ethereum is approaching exhaustion. Does this mean we will see a large correction or start of a bear market? No, I personally believe we will continue higher but a short term 10% correction is needed to pass through $3,550. Here are my reasons for this: 1. The current pattern is an Ascending Wedge which is typically a bearish pattern. Breaking down below the lower support line will confirm this pattern and initiate bearish momentum downwards. 2. Price action (Volume): Volume is going down on the 4 hour as price is going up. This is bearish price action. I am expecting the next wave of large volume to be a sell off. 3. MACD: MACD is showing increasing selling momentum on the 4 hour. This is validated by price action. 4. The largest volume candle is red. Typically, this means bears have a lot of control at the next resistance level being $3,550. I believe Ethereum needs to correct some in order to regain the momentum to break through $3,550. 5. RSI on the 4 hour is showing bearish divergence. This is when Ethereum is making higher highs in price and lower highs on RSI. This is validated by price action. 6. Fundamental analysis: The Whale Alert indicator is showing a lot of Ethereum coming off wallets and on to exchanges. This indicates profit taking interest from whales. 7. Bitcoin's current state: Bitcoin is in a very uncertain state. It has not shown bullish confirmation and continues to create lower highs. If bitcoin goes down, it will take the alt coin ship with it. With all of this said, a large wave of volume could come in and push price towards the upside. This would invalidate the bearish claims and most likely put a close above the resistance line of ascending wedge making this once again very bullish. I hope this analysis helps you make a more calculated decision if you were thinking about buying ethereum. As always, be patient, use risk management, and good luck trading.
COINBASE:ETHUSDShort
by RomanXIV
2
Reasons Bitcoin is very Bullish.Hello Everyone, I am extremely bullish on bitcoin and especially alt coins. I know there is a lot of fear in the market right now and hopefully this post can put you at ease. I wanted to remind everyone of a few things. In the 2017 bull market, Bitcoin tested the 20 and 50 MA on the weekly chart several times. It practically danced across those lines. 30-40% price corrections occurred many times in the previous bull market. Please note, a market cannot sustain itself by only going up. Market corrections are healthy and are NEEDED in order to make larger moves to the upside. Here are the technicals: 1. Bitcoin bounced perfectly off its legacy trendlines from way back in October. This also lines up with the 20 MA on the weekly chart. A bounce was healthy and much needed. 2. Price action is BULLISH. We can see that volume is going down as price is going down. 3. Bitcoin has broken its downward trend. A new trend will be forming that will most likely be sideways for accumulation (allowing for alt season to occur) or up. 4. MACD is showing waning selling momentum for 4 consecutive days. - This is bullish and indicates selling pressure is weakening. 5. RSI is showing a lower low with a higher low in price. - This is bullish! 6. It is the end of the month and Bitcoin futures expire. At the end of every month we have seen a large drop in price as investors were anticipating MAX PAIN. This was immediately followed by a large pump. 7. The weekly and monthly charts needed to cool off. A large price dip was much needed to keep a healthy and sustainable bull market. I hope this helps some of you who are in fear or wondering if you should re-enter the market. I fully believe this drop was healthy and much needed for bitcoin. These levels are going to be used as accumulation and I believe a large price increase will come in the middle to late May. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDLong
by RomanXIV
23
Ethereum will be the money maker during Alt Season! Hello, Happy Sunday! Quick post for today. I believe Ethereum will be the money maker in this alt season. Ethereum has not had a big run up like some of these other alt coins. The chart on the right side is showing a really nice breakout on the ETH/BTC weekly timeframe . I think Ethereum is really going to rip this coming alt season. I also believe bitcoin has either bottomed or is very close to its bottom of the previous correction. Why do I think this? Well, alt coins are popping off. Here are some technicals: 1. There is a double bottom on Ethereum's hourly charts. It was confirmed as we closed above the "middle point" of the W as well as the breakout of the symmetrical triangle. 2. Price action is validating this move. It looks like volume is coming in and we are seeing higher prices, this is bullish price action. 3. The ETH to BTC chart is extremely bullish for Ethereum . There was a breakout on the weekly timeframe and it looks like we are going to close over the previous resistance. 4. Considering that the ETH to BTC chart is breaking out, I think Ethereum will be a market leader for the future. If Ethereum goes up, so does everything else. A few things we need for this to happen: 1. Bitcoin needs to bottom. If bitcoin continues to see more pain alts will feel even more pain. 2. Bitcoin needs to consolidate or slowly rise in price. This will help exponentially increase Ethereum's value and allow it the time it needs to grow in price. My price targets for the end of this bull run are $10,000 - $20,000 per ETH. This may seem a little outrageous but in 2017 we saw a $76 ethereum go to $1000 in 6 months. As always, use risk management, be patient, and good luck trading!
COINBASE:ETHUSDLong
by RomanXIV
Bitcoin dropped. Now what? Hello Everyone, Bitcoin dropped. I have been calling for a drop to around $45,000 for a few weeks now. My analysis on every chart has always stated that we needed to pay attention to the waning buying momentum and bearish price action on the monthly, weekly, and daily charts. Now what? Well, I think the first thing we need to do is relax. These moves are healthy and helps the bull market long term. Before you possibly fomo into a trade or you’re looking to enter at a lower price, lets go over some technical analysis. 1. Bitcoin’s 4-hour timeframe is showing a dead cat bounce upwards from the previous drop. This is when bearish price action takes place as price is moving back upwards to retest an area of resistance with volume going down. If you are currently in and looking to exit, I would sell in the Dead Cat Bounce Zone. 2. The day timeframe is showing that we have broken to the downside on the 3 month long Ascending wedge. This could indicate a further move down as the trend has changed. 3. Bitcoin’s weekly chart is showing buying momentum waning and short-term charts are giving this more validity with bearish price action and breaking to the downside of our ascending wedge. 4. Daily MACD is showing increasing selling momentum as Weekly MACD is showing decrease buying momentum. This tells me that there is a high possibility of 1-2 weeks of downward movement. Maybe longer. 5. Daily price action was reflecting bearish and now volume has come in and bitcoin has dipped. This gives more validity to a short term downside. 6. Bitcoin has closed below the 50MA on the daily chart for the first time since October. This suggests that it may continue down to test the 100MA or possibly the 200MA support lines. With all of the bearish things talked about, bitcoin is still in a bull market. Bitcoin has not tested a single weekly moving average when back in 2017 bitcoin danced along the 20 and 50 weekly moving average several times by April. I believe we are overdue for a “bounce” off a weekly moving average, the first being the 20MA which is around $45,000. Bitcoin has also seen 6 green monthly candles in a row. Bitcoin could use a red month or so. In my opinion, I would not consider a buy until we retest $53,000. This would establish a possible double bottom pattern which is bullish and might be a good stronghold for heavier buyers moving forward. My overall price target for buying is $45,000. As always, be patient, have risk management, and good luck trading!
COINBASE:BTCUSDShort
by RomanXIV
4
EURUSD - Price ForecastHi all, An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday. My next target is at the 1.240000 level. Expecting a pullback to retest the 1.21800 level before moving upwards. Follow for further updates, your 'likes' are much appreciated and your comments most welcomed. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
Long
by BeyondEdge
4
Bitcoin's Next MoveThe resting period (mentioned at my last post) is about to conclude and the upper line of the flag will be penetrated soon, as depicted in 4h chart. The next price objective (and probably the last major movement of current trend) would be ~21700, which probably will NOT occur as sharp and fast as previous ones, for so many reasons. Going toward 21700 takes time and some fluctuations, even it may take as long as 1th feb. 2021. Albeit, something which is sure is that after breaking the upper line of the flag, we should say goodbye to 18000$ BTC , I hope!
Long
by souranisaeed90
SILVER TO CATCH A BID Prepare for Stagflation in Global Economies See Chart for details on TVC:SILVER price forecast. Multiple bullish Technical patterns forming in silverprice. Falling wedge to push Silver into double bottom then to become extremely bullish. Lots of fundemental support being established for Silver.. Expecting a monster rally in FOREXCOM:XAUUSD soon as another Insurance driven Financial crisis is peaking its head around the corner. Wonder how many old folks have AIG life Insurance? So much more to worry about right now but just a thought. Recomended articles regarding the unprecedented state of risk with regard to the current fed and monetary environments.. www.cbsnews.com thehill.com
FX:XAGUSDLong
by HandofGold
BTCUSD – Head & Shoulders Formation, Gameover for Bitcoin?The trend of Bitcoin never stops to intrigue me and I am equally surprised that no other author has made any TA on this possibility. In this case, let me be the first to break the news to you. Recent price action suggests that we might see a Head and Shoulders (H&S) pattern formation like the one I have illustrated by end of the week. To understand why I said this, let us zoom in on Bitcoin to see what is likely going to happen over the near term. From the 30 minute chart above, we can see that price has broke out north of the triangle. If the full breakout plays out, price would likely end up close to 6850, potentially forming the right shoulder of the suggested H&S pattern. Coincidentally, the left shoulder’s peak is at 6839. In my recently-updated long term forecast titled “BTCUSD – Countdown to SEC ETF Decision (10K Target)” that was posted 3 days ago, I had mentioned that Bitcoin would likely consolidate below the 6800-level over the next 2-3 weeks. This means that even if Bitcoin rises to 6850, I do not expect price to hold above 6800 which I believe is the highest point of its sideways consolidation range. Alternatively, if price gets to a mere 6700 without breaking above 6800 resistance, it would still be close enough to form the right shoulder. Of course, if Bitcoin decides to continue its uptrend to the moon after reclaiming its rocket launch pedestal at 6800, I would eagerly and willingly invalidate this H&S forecast but I bet the bears won’t just sit there and do nothing, especially when a huge bearish pattern is right within their grasp. Now what happens if this H&S forecast plays out? A full potential breakout of the bullish-to-bearish pattern would shove Bitcoin down to the succulent 3600 price level and at the same time invalidate my long-term quarterly forecast. Do I think it’s going to happen? Very unlikely. Tell me, what signal would Bitcoin be sending to the SEC and the financial world if it crashes big time on the eve of its biggest ETF frenzy to date? It just doesn’t add up. Furthermore, it would be insane for anyone to believe that Bitcoin can crash to 3000 in the next few weeks and then shoot up to 10000 by the end of September in anticipation of CBOE’s ETF. To me, this is just crazy talk and it only serves to prove that Bitcoin is not mature enough to be worthy of the US markets or the world’s for that matter. So for now, we can safely assume that Bitcoin is just consolidating sideways as described in my long-term quarterly forecast. Here is a list of ETF deadlines for your convenience: 1) ProShares: August 23 2) GraniteShares ETF: September 15 3) Direxion ETF: September 21 4) SolidX-VanEck ETF (CBOE): September 30 CBOE's ETF has the highest probability of approval. Please LIKE this chart if you value my opinion. Your thumb support encourages me to contribute more on TradingView and push this post to reach more people. Good luck and happy trading! --------------------------- Buy me coffee or a steak dinner: BTC: 1GG7CwY3zqdCYqQz1ZG9PHyoxCGGrQu5pb BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f ---------------------------
BITFINEX:BTCUSD
by cryptoezvip
17
BTCUSD - The Last Golden BoyHello, my fellow traders! The massive profit-taking that drove price from 7150 to 6360 certainly took us by surprise just as news about SEC delaying their ETF decision broke. Bitcoin's market value was robbed of $9 billion in less than 24 hours. Well played is the word I would use to describe those who orchestrated it. Like I said in my last post, the bears spared no effort in their attempt to bring down Bitcoin. The question is... are they done with it? Rather than analyzing about what is unknown to us, the best thing we can do as analysts right now is to analyze the aftermath that is in front of us. So let's get down to business, shall we? What is likely to happen in the next 24 hours? Zooming in on the 30-minute chart, we could see that a bearish pennant is currently being formed. Upon successful breakout, it could potentially take price down a notch to 5850. This is all assuming that price manages to breach through both support levels at 6340 and 6000 respectively. On the other hand, if our last golden boy (78.6% Fib level) manages to contain the breakout and help price form a bottom around 6340, then we might see a bounce that could potentially take price up to the areas as indicated on the main 4-hour chart. Please LIKE this post if you enjoyed reading it. Your support matters as it encourages me to post more new content here. That is all for now. Good luck and trade safe! Gifts & Support: BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
BITFINEX:BTCUSD
by cryptoezvip
3