Bitcoin - Very bullish, Ethereum will +50% in a week!Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general.
Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap! You can wake up in the morning and see a huge green dildo on the ETHUSDT chart, so you really don't want to miss it. Personally, I would prefer ETH over BTC in the next few days or weeks.
Back to Bitcoin. What we can see on the chart is my Elliott wave count. We are in the final wave (5) of a major impulse wave. It's time to set up your sell orders and prepare for a significant bear market in 2025/2026. I recommend selling Bitcoin around 120k, while moonboys expect 300k or 500k. I stay grounded, I don't think Bitcoin will go exponentially.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Rectangle
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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GBPAUD: Consolidation Trading 🇬🇧🇦🇺
GBPAUD is consolidating.
The price is stuck with a horizontal parallel channel on an hourly time frame.
We see a strong bullish reaction to its support.
The pair formed a cup & handle pattern.
With a high probability, the market will keep rising and reach the resistance of the range.
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Moustafa! Be ready for a huge bearish wave will hit US 30 soon!Hi
** The rising channel in yellow lines were broken from the down side
** Due to the above, more likely the daily uptrend line from 30.12.2023 will be broken too.
** At the middle currently, you would find a huge consolidation area (marked in yellow) which acts as a big rectangle, and due to all above, that rectangle will be also broken from the down side and will send the index to the exclusive TP on the chart!
** The fib retracements levels are so important on the daily frame and should be taken in consideration!
Good luck all!
Note:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
4x Triangle breakout on Golds rising tide Bullish chart
Looks like multi year triangle break out my guess is upside
It could break out and stop at a fib target so guess round number is 80 at fib =1
I am tracking about 22% increase from here to gold base metal target so this is 4x of that move which seems a lot can it do that in 2025 or will we need a bit longer. I don't know, lets wait and see its a multi year chart so muli year target
Equites look over valued generally so this may be a safe haven in any bear market because it holds many tonnes of gold as per 1929-1935 when in relative terms you had price increase with dividends over 25x in bear or 50x to '35 or 74x incld divi by holding the gold mining stock at the time, plus FDR revalued the gold price. Logic is still the same it will be a bumpy ride as gold is sold to pay margin calls but overall there is a lot of money which will need to be parked. As fund mngrs see gold as a value stock because relatively to the equity index's its not going down as much.
Gold in triangle breakout
CRB in triangle breakout (Commodities Index)
other Gold related mining stocks look very bullish too so confirmation across multiple shares and base metal index plus commodities index too
Good luck to all and wishing you a mighty fine day!
If later when you read this and its obvious by then we are in a bear and you dont know what to do this is a safe play for value fund mangers
Yes they will sell gold to meet margin payments at first then they will start to hold Gold relatively and this company has a lot of gold in the ground which should act as a store of value. So its going to be a bumpy ride
With multi year charts its hard to pinpoint breaks and get the timing right but the idea should be solid enough. A good pension play during difficult times.
You may even get over performance and it shoots up to round number 100 ? too early to tell
Also there are very long 100 yr / 40 year charts showing gold made a break out. Silver is also a play.
This is a well known name, you need to check if they have hedged the price of gold, but the chart says triangle so break out up or down, we take the upside bullish breakout.
EURUSD Weekly Analysis: Key Support and Resistance LevelsIn this analysis, we focus on EURUSD, providing a basic review of the market’s current situation since the start of the week. We’ll highlight key support and resistance levels within the week, along with the important factors to watch by the end of the week, which can help determine the direction of the market in the upcoming days and possibly for the entire next week. Currently, the market is showing a consolidation pattern with no significant movements expected for today. This is the first video of this series, and we apologize for the quality, but it’s a starting point. I’ll be sharing more insights and expanding on the analysis in future videos. Though it’s my first time sharing these ideas publicly, I’ve successfully applied them in my own trading, and I hope you’ll find value in them. Stay tuned and don’t forget to subscribe for more updates.
NZDCAD: Consolidation Continues 🇳🇿🇨🇦
NZDCAD is currently consolidating with a horizontal parallel channel.
We see a nice bearish reaction to its resistance:
the price formed a tiny double top pattern and started to fall.
Chances are high that the price will reach 0.804 level soon.
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Altius Minerals – Looking Great for the Long TermAfter 4 months of consolidation, we’ve finally broken out, retested the level, and confirmed the move.
This is a solid company with a strong balance sheet, great management, and good fundamentals. Definitely worth keeping an eye on if you’re thinking long term!
Always do your own research before investing.
Google Wave Analysis 13 January 2025
- Google reversed from pivotal support level 187.30
- Likely to rise to resistance level 200.00
Google recently reversed up from the pivotal support level 187.30, which is the lower border of the sideways price range inside which the price has been moving from last month.
The support level 187.30 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the sharp upward impulse from November.
Given the clear daily uptrend, Google can be expected to rise to the next round resistance level 200.00 (upper border of the active sideways price range).
Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
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NZDJPY: Bearish Outlook Explained 🇳🇿🇯🇵
I spotted one more example of my breakout trading strategy.
NZDJPY broke and closed below a key daily horizontal support.
Retesting the broken structure, the price formed a horizontal range
on an hourly time frame.
A breakout of a support of the range is a strong intraday bearish signal.
We can expect a down movement at least to 87.1 level now.
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GBPAUD: Classic Breakout Trading 🇬🇧🇦🇺
GBPAUD looks bearish after a retest of a recently broken daily/intraday horizontal support.
As a confirmation, I see a bearish breakout of a local horizontal range that was formed on a broken structure.
I will expect a down movement at least to 1.981
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USDJPY Wave Analysis 8 January 2025
- USDJPY broke resistance level 158.00
- Likely to rise to resistance level 160.00
USDJPY currency pair recently broke the resistance level 158.00, which is the upper border of the narrow sideways price range inside which the pair has been trading from December.
The breakout of the resistance level 158.00 should accelerate the active minor impulse wave 5 of the intermediate impulse wave (3) from the start of December.
Given the clear daily uptrend and the continued bullish US dollar sentiment, USDJPY currency pair can be expected to rise to the next resistance level 160.00.
GEV Strong In A Weak Tape And Setting Up A Pullback BuyI drew a couple lines to show what I'd like to see over the next couple trading sessions. Not only would that be a pullback to the top of a long base but it would be a pullback to the 20sma. As it turns up from there could be a good opportunity for a low risk pullback buy entry.
The market might keep me from pulling the trigger, but if I decide to go in I won't put much capital at risk.
"BTCUSDT Alert: Short Signal Activated at the Hunt Level!"BINANCE:BTCUSDT
COINBASE:BTCUSD
📈Which side you pick?
Bulls or Bears ----> Quick help: look at Negan's bat!
SL1 ---> Low-risk status: 1x-2x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
As you can see, Bitcoin (BTC) is currently forming a repetitive pattern. 📈 When the price pulls back to the identified resistance level, we can expect another bearish move, which could potentially drive the price down toward the 92K level. 📉
If the price drops below 92K, we may see a more significant decline into the 88K-84K range, possibly accompanied by a long shadow in a recent candle pattern. 🔍
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
96,779
95,247
93,254
🔴SL:
101,826
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
ALBRK - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Technical Analysis on Advent Technologies Holdings (ADN)The chart for ADN clearly illustrates its performance: a rapid surge at the end of 2020, followed by a consistent decline from 2021, leading to a 99% drop in value.
After reaching its lows around $1.70, the stock entered a sideways consolidation phase that lasted several months. It then staged a strong recovery with a gap away and a breakout of the descending trendline.
Currently, the stock is in a compression phase, forming a Triangle pattern, with converging highs and lows.
Bullish Scenario
In a bullish scenario, a breakout above the triangle is required, ideally accompanied by an increase in trading volumes.
The Volume Profile indicates the absence of significant resistance levels that could hinder the upward movement.
Bearish Scenario
In a bearish scenario, the stock would need to break below the triangle. However, the Volume Profile highlights a high-volume node represented by the rectangle, which also contains the POC (Point of Control).
Before a sustained decline can occur, the stock would need to breach this strong support zone.
CRUDE OIL (WTI): Strong Bullish Signal
Crude Oil was in a deep consolidation since October.
The market was stuck within a huge horizontal range on a daily.
With the market opening after holidays, Oil looks strongly bullish.
A breakout of a resistance line of the range, indicates the completion
of a bullish accumulation.
It opens a potential for more growth.
Next resistance on focus is 75.55
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VBL: A Multibagger ready to break Key Resistance LevelTechnical Pattern :: Inverted Head & Shoulder
Key Resistance :: 660 has become a crucial resistance which it is not able to break and sustain.
It is again approaching the same level.
Possibility and Possible Move :: If this time is sustains (Successful Breakout and a retracement) then It can continue it's log time trend. (Bullish --> confirmed by a Pole and Flag pattern on weekly and monthly chart)