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XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish. I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure. Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
CRYPTO:XRPUSDLong
by UnknownUnicorn25768508
20
S&P500 - 5000 Points In 2024Hello Traders, welcome to today's analysis of S&P500. -------- Explanation of my chart analysis: The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
SP:SPX
by basictradingtv
5
ETH USD IdeaETH/USD on Coinbase, we observed a distinctive three-leg downward movement last year on November 11th. The daily confirmations for each leg displayed a clear bullish bias, making it remarkably straightforward to trade, thanks to technical confluences and accurate price predictions We got Pitchfork Channel. Consistently respecting channel percentages, we've only encountered 11 stop losses across over 50 trades, involving both spot and scalp trading. The returns have been not just realistic but impressive in terms of ROI. Ethereum proves to be an exceptional asset, consistently providing profitable opportunities. Looking ahead, it's important to acknowledge that the same ease with which it gave us gains can result in retracements to retest previous lows. Despite the held structure, the market could easily revisit these levels. Presently, we find ourselves in a monthly bearish order block, leading us to explore bearish trades. However, we maintain long positions as hedges. This strategy ensures that, in the event our short positions prove incorrect, losses are mitigated through the gains from our long positions. It's a simple yet effective approach to navigate the market. Wishing you peace in your trading journey."
COINBASE:ETHUSDLong
by themarketknight
SPX: Reached a Resistance After an Insane Rally!The SPX has reached a critical resistance area. As observed on the daily chart above, the index hit the 4,541-resistance line (black line), which was a previous top level from September. This resistance line is quite close to another key point, the 4,567, an open gap since August (yellow line), making this whole area a zone of resistance. Although the SPX showed some weakness today, there is no sign of a top nearby, and the index would have to make a serious bearish reaction in order to reject the bullish sentiment. In my opinion, as the index has just hit a resistance area after a relentless rally since October 30 (last bottom), a pullback would be healthy. In this scenario, I see it seeking the gap below the price around 4,421, near the 21 ema. However, it must make a decent top signal to convince me that it will correct. What if the SPX breaks its resistance area? In theory, it would resume the bull trend seen on the weekly chart. Its next technical resistance is the 4,607, and above this key point, we see the all-time high at 4,818, near the purple trend line that connects the tops of its Ascending Channel (which is another bullish chart structure). Therefore, given the multiple chart structures observed in this analysis, we conclude that the SPX is in a mid/long-term uptrend, however, a mid-term pullback would be acceptable now, as it just reached a critical resistance area – the only thing missing is a clear top signal. Keep in mind that, statistically speaking, November is the greenest month, with an average return of 1.71% (since 1950). December is another good month for stocks, going up 1.50%, on average, and it ends up being a positive month 75% of the time. I’ll keep you updated on this, so remember to follow me if you liked the content. All the best, Nathan.
SP:SPX
by Nathan_The_Finance_Hydra
2
Historic Moment For Algorand Algorand is at a historic moment regaining the 13.5 cent support area. Weekly & Monthly chart are showing potential for a big rally. This coins ATH is $3.15 or 23x the current price. Take a look at that squeeze on the Bollinger Bands! Price has been very suppressed on this project if you look at the larger timeframes. The boom/bust cycle symmetry is there and there is now potential for exponential growth! TV please don't delete my post! This chart has the potential to age very well! Always invest at your own risk! Im basing this trade over the next 3 to 12 months. Don't sleep on Algo!
COINBASE:ALGOUSDLong
by observingthetrade
BITCOIN can rally to $170K if it repeats 2018-21 historyHere we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern). We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history. We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at the start of February 2023 and rally as low as 8.5k. The price would then come back bullish and rally as high as 170k and hit new ATH. Bitcoin looks bullish in the long run !!! Let me know if you agree! This is an analysis. Not financial advice.
BITSTAMP:BTCUSDLong
by YanakTrading
Dollar Index IdeaGood morning, traders! Here's a quick update on the Dollar Index. It appears to be experiencing a substantial selloff, and indications point toward a repricing into lower liquidity levels. Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as we've seen, sometimes recognizing when a trade is moving against you is an art in itself. We promptly closed that trade with zero profit, demonstrating the importance of swift decision-making. This situation underscores the significance of monitoring correlation between currency pairs. Understanding these relationships can be instrumental in making informed trading choices. As for the Dollar Index, it's worth noting the presence of a single-print level at 104.897, often referred to as a "liquidity void" in modern trading vernacular. This is a particularly attractive target for algorithmic trading, and it will be intriguing to see how events unfold. Wishing you all a day of successful investing, dear traders.
CAPITALCOM:DXYShort
by themarketknight
BTC - Let The Party Start 🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. On the Weekly Chart (Left): The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000. On the H1 Chart (Right): The blue curve shows the overall bullish trend, with the previous major lows marked in blue. Today, BTC formed a new recent low. If history repeats itself, we can expect the price to retest this low before forming another significant upward impulse. The bulls will remain in control unless the last low is broken downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
BTCUSD - New Rally has BeganAs discussed back in 2021, we were watching a correction in BTCUSD taking place after a 5-impulse wave move (marked on the chart) starting wave 1 of the initial bull market rally. The next phase was a three correction, as marked ABC on the chart. We had measured a possible level of the correct to reach around 17257 from the confluence Fibonacci retracement level. Please see my previous post from September 2021. The 3-3- 5 wave move into this level is now complete. This level has now been reached, and we see a bullish divergence in both the composite index and RSI indicators. The quick move of the RSI from below 40 to 70 is a strong indication that a change in direction is about to begin. The RSI is holding above 40, being the base in a bull market, while the price is forming a bullish wedge after completing a small 5-wave move within the wedge. A break and hold above the top of the wedge will see a fast and aggressive move high as we move into wave 3 of 5 which is always the largest wave. Hang on to your hats, as the initial rally in BTCUSD will be insignificant to the rally that has already begun. Forget the moon, aim for Pluto and beyond.
COINBASE:BTCUSDLong
by TRADER-RI
1
BTC USD IdeaGood morning Chart Surfers, In the world of Bitcoin/USD trading, we've witnessed a notable surge in trading volume that has brought us into a significant weekly order block. What's intriguing is that we've received a noticeable reaction from this order block, suggesting its importance. When you consider TPO chart volume data, which unfortunately isn't available here, and the monthly VWAP (indicated by the red line), it paints a rather bullish picture. However, despite these bullish signals, it's worth noting that the recent rally in Bitcoin has been quite substantial. As of today's data, caution is warranted. Should we see a retracement back to the 26,479 level, and if this level holds, there may be an opportunity to go long. But for now, it might be prudent to consider scalping moves, particularly when we encounter retracements of around 80%. In a market as dynamic and unpredictable as Bitcoin, a approach reminds us to weigh the data carefully and remain prepared for a variety of potential outcomes.
COINBASE:BTCUSD
by themarketknight
"S&P Inverted Head and Shoulders: Targeting 4500 📈🚀Traders, fasten your seatbelts! I've identified a compelling setup on the 30-minute timeframe for the S&P that's too good to miss: 📌 Technical Analysis Highlights 📌 🧠 Inverted Head and Shoulders: The price action has gracefully formed an inverted head and shoulders pattern, a classic reversal formation. This suggests a strong likelihood of an upward retracement as this pattern is highly reliable. 🚀 Upside Potential: The presence of this pattern indicates the high potential for a bullish move. As we dive into this trade, my initial take profit target is set at 4480, with an ultimate goal of reaching 4500. 📈 Trade Strategy 📈 With these compelling technical signals, the strategy is clear: seize this buying opportunity on the S&P. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 4480 2️⃣ Ultimate Target: 4500 Remember, trading carries inherent risks, and it's essential to perform your own due diligence and employ risk management techniques. Best of luck with your trades, and may they bring you substantial profits! 💰📈🚀 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
OANDA:SPX500USDLong
by Thomas_Zito
2
🚀💲Unlocking Profit: USD/JPY 1H Setup with Bullish GartleyTraders, here's a golden opportunity you won't want to miss on the USD/JPY currency pair, with a focus on the 1-hour timeframe. 📊💰 📌 Technical Analysis Highlights 📌 🔷 Bullish Gartley Pattern: The price action has beautifully formed a bullish Gartley pattern, suggesting a potential uptrend reversal. 🔷 Double Bottom Formation: Point D (the reversal point) has already been established, with a bounce from a key support level and a clear double bottom formation - a strong signal for potential bullish momentum. 🔷 RSI Indicator Confirmation: Adding more weight to this setup, the RSI indicator has confirmed this scenario with a massive bullish divergence, signaling a potential upward price movement. 📈 Trade Strategy 📈 Considering these strong technical signals, the optimal trading strategy would be to go long (buy) from the current levels. Place your stop loss just below the key support level to manage risk effectively. 🎯 Take Profit Zones 🎯 1️⃣ First Target: 146.000 2️⃣ Second Target: 146.500 3️⃣ Ultimate Target: 147.200 Remember, trading involves risk, and it's essential to perform your own due diligence and risk management before entering any trade. Good luck, and may your trades be profitable! 🌟📈💵 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
Long
by Thomas_Zito
5
NASDAQ/QQQ Took Support at Predicted Support AreaNASDAQ 100 ( CME_MINI:NQ1! ) took Support at the area suggested in my previous Idea Post (see attached). For further confirmation we will wait to see if it holds above the 50 day EMA on Daily Time Frame. It is currently above the 50 day EMA in the Pre-market session on Tuesday. If the Confirmation is achieved today, then we will look for another rally up to the Resistance Area from where the pullback started. Possible catalyst for this rally could be NASDAQ:NVDA 's earning Tomorrow AH, or J. Powell's speech at the Jackson Hole Conference on the 25th. It is important to note that the market is still top heavy and favorable Macro environment is necessary for an uptrend.
CME_MINI:NQ1!Long
by Trading-Economist
1
Bitcoin Potential Bounce at 27400 then falling to 20-22KMy previous posts were showing the scenarios of a fall to 29500 then 28500 then 25000. So we are on the 25K side, and I told we will need a further analysis to know what to expect. so here is a speculative first one: From my humble perspective, I'd say bears took the command since last week, I can see that from my weekly chart finally. So I doubt we will see price reaching or ranging around 30K yet. Much like a diver who propels skyward before their exhilarating plunge, Bitcoin's trajectory seems to echo this pattern. Anticipate an upward bounce toward the resistance level of 27,400, akin to the diver's swift climb. After reaching 27,400, we may see a fall to a range of 20,000 to 22,000. Time will tell. Don't take my work for granted, do your own analysis, analyze again then take your own decision to trade or not. PS: I've been deceived by the way bears refrained the price to climb above 32K, since in my early post a scenario to climb to 49K was possible, but the charts is saying something different now. So the overall sentiment is more and more BEARISH for me.
Short
by TradeWithAtemak
2
📈🐂 EURUSD Technical Analysis: Bouncing on Demand Zone! 🚀🐂Hey traders! 🐂📈 Exciting times ahead as we've got a bullish setup on the EURUSD forex pair in the 1-hour timeframe. Let's dive into this opportunity! 📈🐂 💹 Demand Zone Bounce: The price action bounced strongly on the demand zone, indicating an area where institutions have placed their orders and are likely to defend this level. 📈 Descending Channel Breakout: Adding to the bullish momentum, the price broke out of a descending channel and retested it successfully, signaling the start of a highly potential bullish impulse. 💡 Take Profit Zones: As we ride this uptrend, my take profit zones are strategically placed at 1.11300, 1.12000, and finally, my target at 1.12600. Keeping an eye on these key levels is essential for managing the trade effectively. 🧐 Remember, trading requires careful analysis and risk management. Let's keep a close eye on this setup and make the most of potential trading opportunities. Wishing you success in your trading journey! Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful🚀
by Thomas_Zito
18
| BTCUSD | BULLISH INDICATORS IN THE SHORT AND LONGER TERM!!Good day all. BTC is currently showing many bullish signals along side the BTC spot ETF news, which is currently in regulatory review but has more or less been approved by the SEC. This news alone is revolutionary for the market, however, we have not seen close to the gains one would expect out of this news. some would say it is due to the the XRP win over the SEC which has taken all the hype from this statement, however, I do believe this is accurate to an extent, but there are other forces at play here. I do feel the asset class is being suppressed for accumulative purposes, which in turn will eventually result in a spring effect which can result in the prices reaching highs of 50k plus in the weeks to come. I would like to jump into some technical to add extra confluence to the topic at hand. The 30k level has shown to be a strong point of resistance of of late, however, this level is primed for a breakout to the bulls as we have found a clear formation of a cup and handle. Cup and handle: The pattern is currently primed for a breakout as we have found a lower time frame flag formation (bullish) at the tail end of the handle which generally is a great sign for a potential breakout. if this prediction comes to light we should see a generous move to the upside aided by the additional news as of late which strengthens the case. short term levels can find itself retesting or even breaking the 35k mark in the days that follow the breakout. Longer term predictions can result in the 45k level of resistance being tested before a major retracement is found. EMAs: I am using the 18 and 100 EMA indicators for my analysis. As you can see the 18 has just crossed over which is a great signs for the bulls as it signals a trend reversal from consolidations into an uptrend which also falls in line with the cup and handle as well as the ETF news. There is growing suspicion in the market at the market regarding the consolidation of price during such a pivotal time the Crypto history, however, one can only speculate the reason. All i can see from my opinion is the market is properly primed and ready for a break as the narrative has shifted so suddenly. Thank you for your time here today, please feel free to like and comment if you found this article helpful to add extra confluence to your existing analysis. be safe and enjoy the bull market while it lasts.
COINBASE:BTCUSDLong
by Crisp_Flow
Nasdaq: Bullish Butterfly Pattern Points to Potential Rally! 📈✨In the 4-hour timeframe, Nasdaq has formed a bullish butterfly pattern, signaling a strong buying opportunity. The price action also reveals a double bottom pattern, adding further confirmation to this bullish setup. Additionally, the RSI indicator indicates oversold conditions, suggesting an impending upward move. Traders can take advantage of this setup with multiple take profit levels in mind. Keep an eye on targets at 14850, 14950, and 15050, as these levels could serve as significant resistance. Get ready to ride the potential rally! 🚀💰 Don't forget to press the like button if you think this insight was helpful🚀
OANDA:NAS100USD
by Thomas_Zito
4
03/07/23 Weekly outlookLast weeks high: $31291.8 Last weeks low: $29420.6 Midpoint: $30356.2 The week starting on Monday 19th of June was the latest rally for bitcoin, a strong move up leaving some large FVG inefficiencies left behind that price will look to fill in the future. The upside capped off at just under 31.5k, a high that the bulls couldn't top last week while chopping sideways in a much tighter range than previous, and consolidating under the all important 32-32.5k region where a lot of traders will look to do business. This week for me will go one of two ways in my opinion: A slow and steady drop from current price down into those FVG areas, the main one being 27.2-27.75k. OR We wick up above recent highs, tag liquidity in the supply zone around 32.5k before a sharp sell off back into those FVG zones before anymore progress can be made above this range. FOMC minutes event on Wednesday may provide the volatility required for this liquidity grabbing wick.
by ProR35