is INJ ready to fly or will it dump?2 scenario were given for INJ.
●INJ took $24.508 SSL & bounced up and went for $31.
●Dips were for buying.
●Let's wait for other setup.
●This week we have CPI, FOMC, this week is very important which will decide the real direction for BTC and ALTCOINS.
●Already have Alt bags and if got another dip I'll be adding some more Alts.
Seasonality
HATSUN AGRO - FMCG diversification IdeaHere are a few interesting things about chart and company:
1) It took 3 years for this chart to reclaim the 2017 high, and then stock rallied up to 2x and more from the previous high
2) On a monthly closing basis, it fell around 50% after 2017 before making a new high. If we consider all prices, then 60%
Now, post September 21 (Stock price - 1400-1500), the stock has shown a maximum fall of 47% (43% closing) and recovered. Meanwhile, the institutional holdings have been going up. The number of total shareholders of this company is 25,000 (Screener.in), which indicates there's no sign of overownership in this idea.
Considering the agriculture sector and possibly the populist budget of the upcoming coalition government, this stock might rally quickly and have the potential to give high returns in the short term.
However, valuations are not cheap, so one has to consider investing in a staggered (3-5 phases) way and with a horizon of 6-18 months.
ETHUSD SHORT - RISK ENTRY - END OF ETHEREUM STRENGTH FOR NOW?Hi again people.
I am projecting the crypto to be weak this week, especially Ethereum.
The whole pump from ETF expecetations from 3200 to 3900 should be corrected relatively quickly, we had similar situation with BTC & ETF.
With slightly more Short positions on CME for both BTC and ETH, I am expecting an Ethereum panic this week.
The entry now, and especially my SL is risky one - who knows if the market doesn't decide to take buy side liquidity first, but to be honest I smell weakness and I decided to give it a try.
SL for me now: 3863.
Safe SL: 4200.
Target: 3200.
Good luck and play safe!
TSLA short squeeze approachingTSLA seems to appear closer to a short squeeze. Here are some crucial levels mapped for June3-2024. A crucial level is at $180.00 if broken up side, we can easily target $185 and above. For the Downside, $173 is major level, If broken downwards, trend can continue until $168.
Usually, TSLA has June as the strongest month of the year, therefore keep your fingers crossed for possible pullback/retest.
Bitcoin in a healthier position to move higher!The first push of BTC to over $70K in this bull cycle, the risk was becoming overheated quickly. The BTI indicator risk was around 7 to 7.25 and some indicators (e.g., the NUPL) were getting close to triggering. Now the overall risk is at a much healthier 5.59. Continued chop in this area will help further reset the individual BTI top indicators, but ultimately, we are poised to move higher. We have never reached a cycle top for BTC without the risk going to at least 10.
(SHIB) shiba inu "historical volume; above $1B"Placing lines on all the dates with the highest historical volume above $1 billion. The darkest thick line is the date with the highest volume $11 billion March 5th 2024. The top 5 highest dates of volume are in darker red. The rest appear in thin lighter red lines.
Gold Rush - Yes or no?
Around two weeks ago, gold reached a new all-time high, 2450.2$, just above the last high of 2,431.6$. However, the bulls were unable to maintain this high level over the course of the day. In the following trading days, the gold price fell sharply, losing a bit more than 100$. There has been a weak recovery over the last few days, with renewed selling pressure emerging in the middle of the week. A new low was reached on Thursday, albeit with a bullish reversal.
Chart facts:
- Resistance zone or possible double top around the 2,430$ level
- EMA50 in the daily chart successfully tested on Thursday
- Bullish reversal candle on Thursday
- Massive support at around 2,300$
Outlook
Thursday's reversal candle is now the perfect template for the ‘Friday Gold Rush Strategy’. Such a bullish daily candle has already led to strong gains on Fridays. A recovery to USD 2,370-2,380$ is well on the cards. From a buyer's persepctive, a daily close above USD 2,380$ would fit into the picture, which still looks bullish.
Good luck out there,
Bernd Senkowski
USO is in a sweet spot on its chart LONGUSO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect
oil liquidity globally and prices at the pump continue to be volatile the federal government
seeks contracts to restore the national strategic reserves depleted in the last supply demand
challenge while the presidential and congressional election cycle starts warming up.
On the weekly chart, USO has just crossed over the long term anchored mean VWAP line
as well as the POC line of the volume profile. This is a bullish momentum move. Price is
situated in the middle of the high volume area showing expectations of decent trading volume
and liquidity. I see this as an opportunity to take long trades in oil or anything oil related.
CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big
oil and oil futures.
🚨ALTSeason Alert🚨: Why It's Imminent ??The cryptocurrency market is buzzing with anticipation as many analysts and traders believe an altseason is on the horizon. Altseasons are periods in the market cycle when altcoins (alternative cryptocurrencies) outperform Bitcoin (BTC), the leading digital asset. Several factors suggest that an altseason could be imminent, and this article will explore these indicators and highlight promising altcoins to watch.
Altseason Index Signaling a Shift:
The Altseason Index, a metric that tracks the relative performance of altcoins against Bitcoin, currently indicates a Bitcoin dominance-led market. However, the index is approaching a critical inflection point where it could break below its trendline, signaling a potential altseason.
Bitcoin Dominance Poised for a Breakout:
Bitcoin's dominance, which represents its share of the total cryptocurrency market capitalization, has been trading within an ascending wedge pattern. This pattern suggests a potential breakout, with a downward move indicating a shift of power towards altcoins. A decline in dominance below 40% is often considered a hallmark of an altseason.
Bitcoin dominance chart showing an ascending wedge pattern
Ethereum (ETH) Gaining Strength:
The ETH/BTC price ratio, which measures the relative performance of Ethereum (ETH) against Bitcoin, has been on an upward trend. This trend suggests that ETH is gaining strength relative to BTC, potentially signaling a shift in market sentiment towards altcoins.
ETH/BTC price ratio chart showing an uptrend
WIF (WazirX India Token) Poised for a Breakout:
WIF, a cryptocurrency native to the WazirX exchange platform, has been forming a massive ascending triangle pattern on the daily timeframe. This pattern suggests a potential breakout towards $10, making WIF a promising altcoin to watch for the upcoming altseason.
WIF/USDT chart showing an ascending triangle pattern
Additional Factors Supporting an Altseason:
Increased Institutional Interest in Altcoins: Institutional investors are showing growing interest in altcoins, as evidenced by rising investment inflows and the launch of altcoin-focused products.
Strong Fundamentals of Many Altcoins: Numerous altcoins have strong underlying fundamentals, innovative use cases, and active developer communities, making them attractive investment opportunities.
Market Sentiment Favoring Riskier Assets: The overall market sentiment is shifting towards riskier assets, which could benefit altcoins as investors seek higher potential returns.
Conclusion:
While the exact timing of an altseason cannot be predicted with certainty, the confluence of several indicators suggests that it is imminent. Altcoins like WIF, with strong technical patterns and solid fundamentals, are poised to make significant gains during this altseason. However, it is crucial to exercise caution and conduct thorough research before investing in any cryptocurrency.
Swiss Franc Long IdeaA potential Long opportunity in Swiss Franc. The "Swissie" has tended to make a seasonal bottom in May and is currently bouncing of support (demand) on the weekly chart.
The 4H chart then appears to show a potential accumulation schematic. The breakout above the range aligns with our bullish, seasonal bias as mentioned above. We are monitoring to initiate a long position if price pulls back into the range below 1.106. This would be a test of the schematic. If price trades below the Spring at 1.090, the idea is invalidated.
BTC in huge bullish flag, when the breakout?Hello traderz!
Happy to see you at the new trading week. Didn't post previous week, cause the BTC still moving in the same bullish flag.
What is my thoughts and when we going to break it?
End of the week we entering new month and, according to previous movements, we can see some growth middle of June and after again the correction till September cause summer is not really active for crypto even in bull run. Plus we still have descending volumes.
Bullish signals:
1) Golden cross
2) Time cycles
3) Flag breakout (if will happen, can move SL)
Doubts (or why to be careful):
1) Descending volumes
2) Weak market reaction
3) Summer season
So I think we can long BTC from support line at around ~ 63.000$-65.000$ and I will suggest not to be greedy, take 30-50% with 10x leverage and close position.
What's your thoughts?)
is altcoin season inevitable?btc.d has always been in a downtrend, but this time, we see a pattern forming ?(descending wedge) . here we can interpret Fibonacci level .618 to assume a return to the range low..
bottom trendline seems strong, implying we would expect resistance there- producing perhaps another "bounce"...
Dxy is ready to dump!DXY is bearish.
●On HTF weekly FVG/BISI disrespected and now become an Invesion Fvg which should act as resistance.
●On Daily timeframe DXY got a rejection from The Daily +OB.
●In 4h Dcy created FVG which should bring Dxy down.
●Downside targets for DXY are 104.080 and 103.880 for now.
●Dxy should stay bearishso that other markets like stock, Crypto and Forex should see higher prices.
BTC / SP500 Correlation 👀The stock market updates to the maximum(#ATH), Will Bitcoin do it?
The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity.
📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth.
💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
Waiting for INJ to give long entry.These are the scenarios for INJ to playout.
●I will be looking for long Setup once INJ took 24.508$ and 23.711 SSL.
●Or reclaim (23 May daily FVG) so I can look for long Setup.
These are the 2 scenarios I'm waiting for.
In either scenario I will long INJ.
Follow and like for more analysis
S&P500 - Clues to BUYThe S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market.
My intuition says S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge.
As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea.
Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciated
STRK getting ready for $10STRK is looking to fly towards $10.
●Took previous Monthly Low.
●Created Bullish divergence on HTF with RSI.
●Now trading above the Daily FVG and below the Daily fvg we have Daily +OB(Candle which took PML).
●Buy heavy on spot in CMP and we can long it too from the CMP and SL should be below low $1.020.
●Beautiful setup if played out.
●We use SL to avoid more losses so SL is very vital in trading.
Follow and like for more trade analysis and setups
Cadjpy sellAccording to me the quarterly Theory has Four Quarters per month as you can see from the above every month has 4 weeks we are now on week number three and that means that we are expecting the market to start distributing on week number four so for me for the remaining of the month you were expecting to be bearish on this pair
Bullish outlook on S&P 500, ESM2024, first intraday target 5375We expect further bullish prices in the S&P 500, ESM 2024. After the FOMC Meeting Minutes, yesterday, the daily candle closed bearish, but above 5315, which indicates further bullish prices on the daily. We will be therefore looking for bullish tradesetups today and further until proven otherwise.
However, we will have to see if good setups form, since price gaped at todays opening and has already moved a lot overnight, before market opening at 9:30 new york time.
We will therfore see if we get some discount to enter first. We are not trying to chase price intraday, entering in a premium.
For a first intraday target we are looking for 5375 and potentially higher.
This is no financial advice, do not risk real money on the analysis shared by us!