Bitcoin Analysis: Buzzing with OpportunityBy The Cryptohoney Trader Kingdom
Hello, fellow traders and crypto enthusiasts!
Just like bees finding the sweetest nectar, I've been diligently monitoring Bitcoin's price movements and have identified some critical areas and targets that could guide our trading strategy in the upcoming weeks. This idea is a gift from me to our community, and it represents our collective vision of thriving in the crypto market.
Dangerous Price Area: 46,195.00 to 48,222.00
Think of this zone as a hive under threat. Historically, significant volatility and potential sell-offs have occurred here. Keep a close eye on this area for potential reversals or continuation patterns that could either sting us or offer a sweet opportunity.
Retracement Price Area: 53,000.00 to 59,000.00
A strong retracement to this zone could be like finding a rich patch of flowers. Look for signs of consolidation or a bullish reversal to enter long positions. This area could provide an excellent buying opportunity, much like bees gathering honey from abundant blooms.
Key Breakout Requirement:
For Bitcoin to confirm a robust bullish trend, it needs to close above 69,789.00 for at least 2 consecutive days. This will indicate strong buying pressure, similar to a bee colony thriving with energy, and likely continuation towards higher targets.
Cycle End Target: 86,410.94
Based on my analysis, the ultimate target for the current cycle is 86,410.94. This target aligns with historical price patterns and key Fibonacci levels, representing the pinnacle of our honey-gathering efforts.
Stay vigilant and adjust your strategies according to market conditions. Let's keep our hive buzzing with success. Happy trading!
Pricetargets
Multi-Timeframe Insights and Potential Reversal Points!OANDA:XAUUSD
Multi-Timeframe Analysis (2Hr - 4Hr)
1st - Falling Wedge (2Hr)
2nd - Head and Shoulders (4Hr)
3rd - Bearish Divergence (Daily)
4th - Extreme Overbought (Weekly)
1 - Falling Wedge Pattern (2-Hour Chart)
On the 2-hour chart, we identified a falling wedge pattern suggesting potential price movements. Initially, the price may decline from the breakout line, potentially reaching the 2724 - 2714 range. After reaching this level, we expect a bounce towards 2754 - 2762.
If the price falls from the breakout line and reaches 2714 - 2724, it’s important to closely monitor the 4/8 Murray Math Level (MML) at 2734 during the bounce, as this Major Resistance level could cause a decline.
Falling Wedge Target: 2783
However, around 2754 - 2762, prices may face resistance as the Head and Shoulders pattern completes, potentially signaling a reversal point.
2nd - Head and Shoulders Pattern (4-Hour Chart)
On the 4-hour chart, the left shoulder and head have completed, with the right shoulder partially formed. After the right shoulder completes, we anticipate a potential drop towards the neckline, which lies between 2724 - 2714. Should this level break, the Head and Shoulders pattern projects targets at 2675 and further down at 2656.
3rd - Bearish Divergence (Daily Chart)
Daily chart analysis reveals a bearish divergence, signaling a possible downside. Bearish divergences often indicate weakening momentum and could precede price declines.
4th - Extreme Overbought Zone (Weekly Chart)
On the weekly chart, prices are currently in the extreme overbought zone, which historically hints at a likely correction. Traders should watch for signs of price weakness at these elevated levels.
Key Levels to Watch;
Resistance:
• 2783
• 2773
• 2762
• 2754
Support:
• 2734
• 2724
• 2714
Price Targets;
Falling Wedge Price Targets:
• 2783, 2754, 2762
Head and Shoulders Price Targets:
• 2734, 2724, 2714, 2675, 2656
⚠️ Note: This analysis is intended for informational purposes only. Please use appropriate risk management.
Happy Trading! 🚀
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading
XAUUSD (Gold) Price Analysis: Potential Downside Breakout📉 XAUUSD (Gold) Price Analysis: Rectangle Formation on D1 Timeframe, Potential Downside Breakout
Gold (XAUUSD) is trading within a rectangle formation on the D1 timeframe , which typically signals consolidation before a significant price move. While the price remains range-bound, there’s a high probability of a downside breakout , with critical targets at $2,580 and $2,490 . Here's a detailed analysis of the setup:
🔲 What is a Rectangle Formation?
A rectangle formation occurs when the price moves between two horizontal levels, creating a box-like pattern 📊. This shows a period of indecision in the market, where neither buyers nor sellers are in control. A breakout typically happens when the price moves decisively above or below the rectangle.
🔻 Downside Breakout Targets
Gold breaking below the rectangle's lower boundary could signal a bearish trend continuation. Here are the critical downside targets to watch:
1. First Target – $2,580 :
A downside breakout would likely drop the price to $2,580 , the first central support zone and a logical profit-taking area for short-sellers.
2. Second Target – $2,490 :
Should bearish momentum persist, the next target would be $2,490 , a deeper support level where further selling pressure could ease.
⛔ Stop Loss – $2,702
A stop loss at $2,702 is recommended for those considering a short position. This level is just above the upper boundary of the rectangle and would invalidate the downside scenario if breached.
🚀 Upside Breakout Target
If gold breaks out above the rectangle, bullish momentum could push prices toward $2,841 . This would signal a strong reversal, and traders should consider this level the next significant resistance zone.
🔍 Factors to Watch
Several factors could influence the direction of the breakout:
Inflation Data : Higher inflation tends to support gold prices as a hedge, increasing the likelihood of an upside breakout.
US Dollar Strength : A stronger dollar could weigh on gold, favoring a downside breakout.
Geopolitical Events : Uncertainty in global markets can boost safe-haven demand for gold, potentially triggering an upside move.
🛠 Trading Strategy
For traders looking to capitalize on the potential breakout, consider the following:
Downside Setup : If gold breaks below the rectangle, short positions with targets at $2,580 and $2,490 may offer solid risk/reward opportunities, with a stop loss at $2,702 .
Upside Setup : In the case of an upside breakout, targeting $2,841 could provide a good opportunity but ensure that risk is managed carefully.
💡 Conclusion
Gold’s rectangular formation in the D1 timeframe suggests a significant price move is on the horizon. While the likelihood of a downside breakout seems stronger, with targets at $2,580 and $2,490, traders should remain alert to the possibility of an upside breakout towards $2,841. Proper risk management, including a stop loss of $2,702, will be crucial in navigating this market opportunity.
🔔 Stay updated with real-time price action to make the most of this technical setup.
Share your opinion in the comments.....
USOIL Price Analysis: Double Bottom Breakout Targets $78.37🛢️ USOIL Price Analysis: Double Bottom Breakout Targets $78.37 and $83.67
USOIL (WTI Crude Oil) shows a bullish reversal pattern on the D1 timeframe , with a double bottom breakout signaling potential upward movement. Traders are eyeing key targets, with the first at $78.37 and the second at $83.67 . Here's a breakdown of the setup:
🔍 What is a Double Bottom Pattern?
A double bottom is a bullish reversal pattern that forms after a downtrend. In this pattern, the price hits a support level twice and bounces back. This suggests that sellers have been exhausted, and buyers are stepping in to increase prices. The breakout occurs when the price closes above the peak between the two lows, confirming the pattern.
🚀 Key Price Targets for USOIL
With the double bottom confirmed, here are the following potential price targets:
1. First Target – $78.37:
After the breakout, the immediate upside target is $78.37 . This level is based on a measured move from the bottom of the pattern to the breakout point, giving traders their first profit-taking zone.
2. Second Target – $83.67:
Should the bullish momentum continue, the next target to watch is $83.67 , where further resistance is expected. A move toward this level would signify a more extended upward trend in USOIL.
⛔ Stop Loss – $66.23
To manage risk, traders should consider placing a stop loss at $66.23 . This level is below the pattern's low, where a breakdown would invalidate the bullish outlook and potentially trigger further downside.
📊 Factors Influencing USOIL
Several factors could affect the success of the breakout:
Global Supply and Demand: Changes in OPEC policies, US shale production, and geopolitical tensions can significantly impact oil prices.
Economic Growth: A robust global economy often increases oil demand, increasing prices.
USD Strength: Since oil is traded in US dollars, a stronger dollar can put downward pressure on oil prices, while a weaker dollar may support further gains.
🛠 Trading Strategy
For traders looking to capitalize on this breakout, consider the following:
Entry Point: After the breakout, buying near the current price with targets of $78.37 and $83.67 could provide a favorable risk/reward ratio.
Risk Management: Place your stop loss at $66.23 to protect against unexpected market reversals.
💡 Conclusion
The double bottom breakout on the D1 timeframe suggests that USOIL is poised for a potential rally towards $78.37 and $83.67 , with a protective stop at $66.23 . To navigate this opportunity effectively, traders should stay vigilant of key market factors and global developments.
🔔 Stay tuned for more updates on USOIL and other fundamental market movements.
Fair Value for S&P 500, Price Targets for the next 12 monthsGoing into next week I calculate fair value for the S&P 500 to be between 5,400 and 4,800 with an average target of 5,100 over the next 12 months. The low end of the range factors in any chance that we see the economy creep to a stagnant point over the next 12 months.
If by some miracle the economy should continue to experience above average GDP growth, the S&P 500 could go as high as 6,300 in the year ahead
Investors should be cautious about making any large stock purchases if we continue to see unemployment rise and GDP growth slow.
Holding off for better buying opportunities is for the best with the S&P 500 above the 5,400 level. The market is likely to continue to see downward pressure. Right now, earnings growth projections are lofty and likely to be revised downward over the next 6 months.
WHO WANTS TO RIOT ON THE MOON? RIOT Chart looking pretty good when you look at the greater picture.
Don't think we quite make it to Mars on RIOT.
Dogecoin, probably.
Yes the smaller moves are not really covered on this chart.
But also, this is a key zone for RIOT on the weekly chart.
IT goes back quite far.
Put/Call info below.
rejection trends in red.
support trends in green.
price zones marked.
Leads out to next April.
Good luck!!
ADA, CAN IT BE PART OF THE DIGITAL GOLDRUSH?ADA chart
RSI favorable on smaller charts, not so favorable on bigger charts.
Potential to see a dip and BIG run.
One support trend.
Buy zone marked
Price targets marked
Potential to see a wick down to 10 cents, but lots of potential to hold that sub 30 cent price.
I'd be patient, and see what happens before jumping in, but having said that, short term could rocket the price, however, it really needs to clear 63, in my opinion.
I think the potential is there to see a quick drop to price targets and a run to all time highs, which aligns with a lot of the crypto market.
TIAUSD: Strong Support at $4.9 - Potential Rally Ahead!Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions.
Support and Resistance Zones:
Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.
Market Outlook:
The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.
Price Targets:
Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy.
Exit Strategy:
Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period.
Follow us on TradingView for more in-depth analysis and timely updates on TIAUSD and other cryptocurrencies. Share this idea with your friends and family to maximize profits. Comment below and let us know if you found this analysis helpful. Thank you!
Navigating DASH: Key Support at $23.8 and Bull Market ProjectionIn this detailed analysis of DASHUSD, we identify key support levels and potential gains for the upcoming bull run. Currently, DASHUSD has a strong support at $23.8. If this support holds, we can expect a significant upward movement. However, if the $23.8 support level breaks, the next strong support lies at $21.5, from where a bounce is highly anticipated, especially with the bull run approaching.
The bull run in Q4 2024 is expected to bring considerable volatility, similar to previous bull runs. It is crucial to note that we should aim to exit the market around Q1 or Q4 2025, as the altcoin season is likely to conclude during this period. Historical data and calculations suggest that the minimum target for DASH in this bull run could reach $118. If DASH flips the $118 resistance by Q3 2025, we could see a maximum target of $135, based on previous bull run patterns observed in December 2017 and April 2021.
It is important to monitor resistance levels and adjust our strategies accordingly. The expected pattern completion and resistance zone breakout could occur post-2030. Therefore, during this bull run, we should aim to exit at resistance points and maintain active trades accordingly. We should exit our long positions by Q1 or Q4 2025 to avoid potential downturns as the market evolves.
For more detailed analysis and insights, follow us on TradingView. Stay updated with our latest ideas and leverage our analysis to enhance your trading strategies. Leave your comments to let us know your thoughts on our ideas, or if you want us to analyze a specific coin or project, mention it in the comments, and we will share our insights.
GNOUSD Analysis: Strong Support and Bull Run Targets for 2025Gnosis (GNO) is a promising new project with significant potential during the bull run. Historically, new projects tend to surge during bullish markets. GNO's role in the Gnosis network is pivotal for maintaining and operating various activities that generate value through market events and speculation. With a maximum circulating supply of just 3 million tokens, GNO stands out for its scarcity and growth potential.
Currently, GNO has strong support at $278, making it a key level to watch. Should this support hold, we can anticipate a substantial gain. If the $278 support breaks, the next strong support lies around $232, from where a bounce is likely, especially as the altcoin season, typically characterized by high market volumes, approaches in Q4 2024.
Based on our analysis, GNO's bull run targets a minimum of $2424. If GNO flips the $2425 resistance by Q1 2025, the maximum target is $2682. The altcoin season often brings unexpected pumps, and we expect similar volatility in this market cycle. Therefore, monitoring resistance zones closely and planning exits from long positions around Q1 or Q4 2025 is crucial, as the bull run may conclude by then.
For more insightful analysis, follow us on TradingView. Stay updated with our latest ideas, benefit from our analyses, and let us know your thoughts in the comments. If you want an analysis of a specific coin, feel free to ask in the comments, and we'll be happy to provide our insights.
BTC Inverse Head & Shoulders on Daily ChartInverse H&S Pattern is almost completely formed on the Daily Chart.
A Break and close above $71 734 on Daily chart could result in measured moves corresponding with the moves in the Inverse head and shoulder pattern. My prediction: if a Daily close above this level, then we'd see a break upwards to FWB:77K , retrace back to neckline, and bounce up to $86, 625.
First price target: $77, 000
Second Price Target: $86, 625
Amateur pattern and technical analysis trader. NOT investment advice. Making these posts to document my own journey and thought processes/development on here.
ELF, THE BEST CHRISTMAS MOVIE, SAAAAANTAAAAAAA!Really nice trends and price targets defined on this chart.
No idea what this coin is.
But technicals only, it looks like a really good buy.
Support is building at looking to potentially take off for a decent gain, before falling back to trend, which can spark the potential for another big gain.
I drew a line to represent something similar to what I'm seeing, but you don't want to follow this line, it will likely be inaccurate and is better for me to backtrack and remember what was going on with each chart at different times.
I wouldn't hold any higher than 2.3 or so for sure, but I have a hard time saying it will get there before Nov or Jan of 2024. But.. It is a very real price target for this coin.
The downside, percentage wise, is huge. So be careful and watch for a trend break.
Price target marked.
Feel free to ask if questions
I know I keep these a little quick on the discussion, but I try to make my charts pretty self explanatory.
I'm trying to make a lot of charts for earnings, potential market crash and more.
I'll link related ideas.
BItCOiNa has a path to 120k and you aren't gonna like itI mean, this is it. It run up to 120k right to the number. but the rejection needs to be seen around 76-81 and maybe 84 but idk yet.
It would absolutely covid crash the price and wick it down to like almost zero.
The return and I imagine where most people get in will be right around 25k maybe 29k.
It climbs really fast at that point.
retraces into may and june and then we get a big push to 1.2mil to round out the year.
Then big crash.
That is all should this scenario play out. Otherwise this chart is worthless.
I'm telling you, this is a very real scenario that could occur.
But probability wise, it's low.
But it fits, and it's possible.
Keep an eye out.
am crazy.
okay. ty.
Alt coins need to spring and crash before bitcoin crashes, which takes them all down together, the alt coins mostly die and the profits likely pump bitcoin to those levels.
Oh and then probably TSLA, META, MSFT, NVDA, APPLE and a few other all start saying they bought the dip. BIG jump. Followed by everyone saying "well it's a long term hold ya know, I play the long game, it'll come back to a mil."
ZILLOW, WILLOW WHEREOW THE PRICE GO? imma be honest, I'm running out of creative titles, so you get what you get.
Trends labeled
Price targets labeled.
really neat setup on zillow here.
These buy zones are marked at some major support, we have a short term trend leading to a top, and may have already hit. We have a long term support trend going in the bearish price direction.
All of the above can help determine potential price movements.
With RSI being overextended, the market as a whole, there is potential for quick downside right past support trend, into the zones of major price support, which will then create even stronger support, which will allow the price to keep climbing back up.
I'm hesitant to predict anything before seeing where it heads into earnings (13th labeled)
BUT..
IDK, something like this maybe?
Essentially, I don't know how it will look, or how steep it goes, but it's good to be prepared for some potential scenarios. This chart can cover quite a few of them if you're patient and wait for the right trade.
Overall, I would suggest being careful, and should the price go up before going down, it might be a better option to look for a short entry and ride the price down than jumping into a long position, especially with how this chart looks.
Bitcoin Bulls Are Not Quitting HereTraders,
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't.
More evidence of bull control comes in the way of the following technical developments:
Confirmation of a break above our TL
Bull Flag formed above our TL
New BLUE ascending TL spotted from 2022
Target of my Inverse H&S meets BLUE TL Exactly!
As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG.
Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up.
Apologies to TradingView people but I don't always have time to post all of my trades here.
Stew
JPM, SOME UPSIDE AND A WHOLE LOTTA DOWNSIDEJPM might have a bad week?
Maybe bad Feb?
idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing.
Likely meaning, the risk far outweighs the reward at those levels.
IT could be big, and it could be fairly quick.
if you're shorting, yeah, these are great times to consider entering.
The downside shows all the way to $69 (nice)
Does that mean enter short right now this minute? nah
but be ready because things could really drop quickly in the coming month or so.
idk maybe this?
NIO, TEST DUMMIES NEEDED, BUY THE DIP OR LET CRASH?I like the Chinese stocks
Nio is one of them
There is some downside showing still as far as I can tell
It is leading to an old support trend, however, I don't know if that is relevant anymore.
I like the potential of buy the dip under $5.4
Subject to change quickly.
but right now, bullish on the next decent dip.
Drawn in line is what I'm currently seeing as an ideal scenario, do not follow line, instead follow trends and price targets. Line is often inaccurate, but helps me reanalyze my indicators.
The lowest number I could see was around 2.8 or 2.9. unlikely, but you never know, completely possible.
After 14.9, it can go higher, but a new chart will be needed, and will likely be needed before that point arrives.
MCD, WILL EARNINGS INCLUDE A HAPPY MEAL?On quick glance, maybe a little bit of a happy meal, but they definitely gonna forget the toy.
Why does this chart look like a child drew it?
Well, it was drawn on my one of the streams I did back in oct and since the lines are still holding and trends are still holding, I figured I'd share it again.
my last post was deleted because I used a bad word. which is fair.
Price is sitting right under major rejection, if it breaks over, the rocket can continue, but if it can't, lookout.
I think it's getting close to the top and earnings takes it maybe up a little past 300, but more than likely, we start to see the downside take over for a bit.
Again, fully depends on the trend and what happens with earnings because things can change fast with these numbers but as of now. I'd say bears get favoring.
AMD EXTENED LINE'S EXTENDED LINE EDITION (CONTINUE OR FALL)If you've been following me with AMD, we're pretty much out at this point, as we've been targeting the trade since 93, and there isn't much point to miss a few extra percentage points on the topside at the risk of losing all or much of the profits.
HOWEVER, there are still trades to the topside, as far as trades heading to the bottom side.
Marked in thick green and thick red are the TWO STRONGEST support and rejection trends I could find. Do more exist? Maybe, but you'll need a better analyst that me to find those.
Light red are steep support trends that have been building on top of each other (stacking)
Think of this like a skyscraper being built.
All indicators point that we are nearing a top. However, this means nothing as short term indicators can theoretically keep pumping the price over the long term targets, which would see numbers at 200+
Notice the time frame of the chart, 2h, meaning it won't last for more than a couple weeks and you'll likely have a whole new set of trends.
A move like this into earnings is going to be the big question.
179
189
are two really strong rejection lines. May not be exact, but close. You really need to analyze in real time at this point because move will happen faster and faster.
I would say, should the price not hold 171.00, I would wait to see what happens in the short term, and try and buy the dip if it occurs pre earnings, with a potential trade before, on or right after earnings. I would then be waiting on topside for a short entry rather than pushing my luck as a bull.
If you follow me with trades, you'll know that we essentially speak in probability. Meaning, at or above 189, I'm more likely to screw up than make a good trade, and if I screw up, there is a lot of downside showing, which will do absolutely nothing to cover the mistake (loss). Having said that, if you're a short term trader and familiar with short term trading, yes there are absolutely still chances to trade above this level should it occur.
We would also say, there is a better than average chance that should I wait for some of these topside targets to hit and enter short, I have a better than average chance to both profit, and make more overall money, than trying to time out more really short term trades.
It's all about profitability, risk, percentages, and patience. Waiting for the RIGHT trade IS 1000% better than jumping into a trade you missed because you have FOMO.
There will almost always be another buy, there will almost always be another stock moving up the percentage you missed. Idk, what it would be called in formal terms, but I call it the sniper strategy.
Good luck!!
I've attached all previous AMD charts to this chart.
HHH, Trends and Targets, Late FEB alignment Another Late FEB alignment for a crash, based on trends, earnings and more. It seems this company might be one of them at the very center of it all. I mean, if you need more, look at the investor's names. All super coincidental, but great if you're trying to buy most of a company.
I also like Canadian Rail due to STEEL price, and potential global shipment issues. Train is the cheapest option, barring the tracks, but I'm sure tunnels will help in the future. Probably also Fracking in Canada (shale?? I think is the rock name.. I could be wrong). Either way, there is a HUGE deposit near the Winnipeg area. Canadia Rail almost has to benefit from this, along with potential trade deals and border restriction reductions into and out of Canada.
Emotional guideline: simple guideline or path that I'm currently seeing, I don't expect this to be accurate but it helps me go back and find errors or changes within the TA.
Shortest term trend that I could find (data isn't super great for this stock) shows a climb to the topside before the drop, which is in alignment with a lot of the overall market. Obviously this means nothing, as price can always head right over those rejection points. However, a nice drop, followed by another decent move to the upside would setup this chart for a pretty nice long term trade.
I would watch the 4 key trend lines marked. I think those are going to be key for this stock's chart TA, If price is over a rejection trend, start to realize profits based on your risk and strategy. If price is under a support trend, it should be taken a really nice potential to buy the dip, barring any black swan event. In both scenarios, the probability starts to favor your side of the trade, which is all we can really ask for when trading.
Good luck!!
Descending Triangle BTC Daily & Macd EMA9 Crossed Signal Line On the Day Chart we have a Descending Triangle Forming. With the Price Target Aligning Well with the 200 Day MA At 33,000. I'd Expect This Being a Quick Correction As We've Had a Golden Cross on the Weekly Which Can take a Couple Weeks to Really Take Effect, So i'm expecting this to be the last down draw
Don't be psyched out this is crypto!
We also have the Moving Average Convergence Divergence Line Where the EMA 9 has Crossed the Signal Line After a Sell Signal Has Been Called
EA, IS SOMEONE BUYING?Why video gaming companies?
MICROTRANSACTIONS
=
BIG $$$$
Personally, if I was to guess, I'd say APPLE is a great fit.
Either way, someone buying or not, doesn't matter. We follow the technicals and the trends. The cool part is when this thing starts to fall, it has potential to fall pretty hard. Obviously, with this being a weekly chart, that is a decent time away, but it should prep you for any potential "great" news that brings the stock price to all-time highs before potentially crashing and retracing a significant amount of gains.