Seasonality
REVERSE WYCKOFF! The inverse chart of Solana is forming a WYCKOFF Schematic.
Which means we can see Solana topping here and going down for the time being. This could be good to see some cool down before the next move up.
My target will be around the 48 dollar zone.
So, to make it simple, I can see Solana going higher, but we need to settle down a bit before it goes for another leg up.
Simple & Clean Analysis!
Happy Trading!! ⚔️
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Risk/Reward favors downside shift to risk Off Sentiment.. BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price.
New Monthly candle retracement for liquidity purposes.
Current : 34775
33,372 TP 1
TP 2 30,300 Weekly Level
Trade idea Fakeout back below 35K
Place your bets for AAVEAs we venture into the year 2024, the trajectory of the markets and the global economy remains shrouded in ambiguity. AAVE has surpassed my projections for 2023, defying my anticipation of new lows for AAVEUSD by the year's end. Although we have witnessed new lows for AAVEBTC, I sense that we might be on the brink of significant surprises, either positive or negative, especially considering the upcoming election year. The forthcoming months appear to be pivotal in shaping the future course of this market cycle and beyond. Place your bets!
Swing Trading Signals, Momentum Patterns: TPRLuxury fashion brands are popular for speculation heading into the holidays.
With a few points to the bottom completion resistance, NYSE:TPR has a swing trading entry signal, 2 in a row now. Resting days that create a narrow consolidation can be powerful momentum-building patterns for short-term trading.
Swing trading, rather than day trading, these setups can net better profits. Position trading needs to wait for a stronger support level to build for an entry, which usually occurs when the bottom formation completes.
Ethereum Keltner Channel 👀In the last post, I said that I expect the end of the accumulation and good momentum with a breakout of the baseline↗️
And that happened. I can adjust only that, I do not expect such a deep correction, but only a retest of the support line. On the RSI, a retest of zone 50 is possible. After these moments, closer to spring, a clear uptrend can be expected⤴️
Bitcoin Dominance(Uses) CRYPTOCAP:BTC.D
Bitcoin dominance refers to the percentage of the
total cryptocurrency market capitalization that is
represented by Bitcoin. In other words, it indicates
the proportion of the entire cryptocurrency market
that is attributed to Bitcoin's market value.
For example, if Bitcoin has a market capitalization
of $600 billion and the total cryptocurrency market
cap is $1.5 trillion, then the Bitcoin dominance
would be 40% (since $600 billion is 40% of $1.5
trillion).
Bitcoin dominance is a metric that traders,
investors, and analysts use to assess Bitcoin's
relative strength compared to other
cryptocurrencies. Changes in Bitcoin dominance
can be indicative of shifts in market sentiment. For
instance, if Bitcoin dominance is increasing, it may
suggest a trend where Bitcoin is outperforming
other cryptocurrencies, and if it's decreasing, it
may indicate that alternative cryptocurrencies
(altcoins) are gaining traction.
During phases of high Bitcoin dominance, traders
might opt for a more conservative approach,
focusing on larger, more established
cryptocurrencies to reduce risk.
Conversely, when Bitcoin dominance is low, and
altcoins are performing well, traders may allocate
a portion of their portfolio to potentially higher-risk,
higher-reward altcoin investments.
Remember that while Bitcoin dominance can
provide valuable insights, it should not be the sole
factor in your trading decisions, Cryptocurrency
markets are highly dynamic, and factors such as
news, regulations, and technological
developments, can significantly impact prices.
Always, always, always use a comprehensive
approach to trading and common sense :-)
You can find the Bitcoin Dominance Chart by typing
BTC.D into the TradigngView searching tool.
Enjoy
When to sell NvidiaNamaste!
Nvidia was one of the stocks which benefited hugely by the AI (Artificial Intelligence) boom.
It corrected around 68% from its all time high during October 2022. Looking back at that time, I thought it as some serious happening because Meta was down around 76% , Netflix 77% , Tesla 72% , Amazon 55% , etc.
I knew these were a good buys and probably sold at 100 or 200% gain . Off course I couldn't buy because I am Indian and trading in US markets is complicated.
But now, I think it is time to book the profits in Nvidia at $490 .
Key reasons affecting my decision:
1. The stock is overvalued.
2. AI hype is cooling off.
3. I am expecting a recession in the year 2024.
4. My bearish Instinct .
Other things anyone can do:-
1. Sell at above mentioned prices and buy back at $347, which will result in around 30% in opportunity profit.
Remember, I have nothing to win and nothing to loose. Any gain or loss arising out of my analysis is yours . Consider your financial advisor before taking any steps.
Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.
YUUUUGE Bull Flag $GME!!!! NYSE:GME Whoa! Havent looked at this chart in a while. I just drew the downtrend support line and flag pole today. The downward resistance line has been there for months now without me changing or modifying. Seems to be now breaking out of that channel. My 1st target would be long 22.00Calls. Then after wait for confirmation or yolo target 27 OTM calls. Hit me up on snapchat DM for a free trade idea @Shonufftrades
Nvidia Pulls Back After EarningsNvidia is the top performing member of the S&P 500 this year, up 227 percent. Despite that big move, the chip giant has actually gone nowhere for over four months. But will that remain the case into yearend?
The first pattern on today’s chart is the price area between $470 and $476. That roughly matches NVDA’s high in mid-October (depending on whether you take intraday or closing prints). The stock has attempted to stabilize in this zone in the last four sessions. Can it keep holding and turn old resistance into new support?
Second is the 21-day exponential moving average (EMA). This EMA hasn’t been very important lately, but it did mark the bottom of the uptrend several times in the first half. Remaining above it could also make traders think direction is still positive.
Finally, NVDA potentially stands to benefit from momentum in the final weeks of 2023.
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ZEC/USDT Major trend. 2 halving 17 11 2024. 17/160,18Major trend. Large time frame for clarity. Old exchange Poloniex (low liquidity) due to long trading history to show everything clearly. As you can see with each cycle the highs are decreasing....
Cycles of life and death . This cryptocurrency is going into its third cycle. It will most likely be the last because of its anonymity. In a decentralized super centralized world, nothing can be anonymous! Am I wrong? States don't need anything anonymous. The demands of market regulation will “strangle” anything anonymous. But, this is later, and before the halving, which will happen on 17 11 2024 with a high probability they will pump up to 160.18$, and maybe even higher, if the card falls.
Saving "dirty money" when CBDC is introduced by banks . Some people think that when CBDC of central banks is introduced, through anonymous coins like ZEC, HMR and so on, big capital will "save" their shadow money. A fairy tale for school children. I have little faith in it. I think such money has been saved long ago. Although this story to create a news background as a reason to pump has a place ....
It's worth noting that BCH and BTC will first halve in April 2024.
News from Satoshi . By the way, "rumor has it" that closer to the summer of 2024, according to the plot of our crypto movie called good/bad, a new “Satoshi Nakamoto”. Will be announced, who will plunge everyone into “uncertainty of actions/consequences” in the market. Rumors also claim it will be the universally hated villain, Craig Wright). Do you think the role will go to another villain, Roger Ver? Or have these two characters already played out and the role will go to someone else? Or maybe the plot itself will be canceled? Perhaps. Time will tell, the manipulators can come up with anything, that's not the point.
Immunity from news nonsense. The main thing is to treat such "crypto stories", even if there is a real imitation of provability, with the utmost equanimity. Remember, no matter what is going on, it is all a hoax to capitalize on the direction of the trend. The news background that is created to accompany price movement.
Line chart.
Secondary trend. Timeframe 3 days
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
Remember to hit 👍 and follow if you love money !
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Why TESLA is STILL heading LOWERHi Traders, Investors and Speculators of Charts📈📉
A quick analysis today on Tesla and why I'm still expecting the price of TSLA to head lower.
After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC). However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.
ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.
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NASDAQ:TSLA
ROSE Bloom depends on PollinationGM Gardeners!
The Summer season is going to an end and one of our flowers seems to still be in its early stages of the pollination.
Most roses bloom between late spring and early fall, typically taking about six weeks to produce each new set of flowers as the plant continues growing throughout the season.
However, our flower didn't actually bloom just yet. In the past year, it shown a great smell of victory in June, because we've feed the ground at its Area #1. This year we've gone through this Area and formed the underground, Area #2, and even had some cold snowy blossom.
Remember: Carefully pruning, feeding, and controlling any pests or diseases on your roses is the best way to encourage new blooms.
That's why we have to carefully feed the ground at the Area #2. After that we can test this ground and touch the middle point of the wedge like this:
(BoS is the breaking of structure. If we confirm BoS High, than the Area #2 has been feeded enough. If we confirm BoS Low, The feeding process will just begin)
However, My long term guess is that each massive flowering requires the Renewed land. That's why I'm expecting coming to the Unexplored Area #3 for the blossom to take part this Fall.
Have a Good Harvest
Yours truly,
Gardener A.I.Vision
GRTUSDT - Riding the AI Narrative 🚀GRTUSDT - Riding the AI Narrative 🚀
Overview:
GRTUSDT is positioned for a bullish surge, fueled by the current narrative around artificial intelligence (AI). The intersection of blockchain and AI technologies presents a compelling case for GRT's potential.
Fundamental Analysis:
AI Integration: The increasing synergy between blockchain and AI is becoming a significant narrative in the tech and crypto space.
GRT's Role: As a decentralized protocol for the development of AI applications on the blockchain, GRT is poised to attract capital from institutions and investors keen on the AI narrative.
Technical Analysis:
Supportive Chart Patterns: The technical landscape supports the narrative, with patterns indicating a potential uptrend.
Volume Uptick: Expect a surge in trading volume as the narrative gains momentum.
Price Target:
Given the strong narrative and potential capital influx, our price target for GRTUSDT is set at 0.50 cents, representing a potential increase of around 350%.
Risk Management:
Stop-Loss: Strategically place a stop-loss to manage risk, considering recent support levels.
Diversification: Diversify your portfolio to spread risk, especially when investing based on thematic narratives.
Disclaimer:
This analysis is for educational purposes and should not be considered financial advice. Conduct thorough research and employ risk management strategies in your trading decisions.
Conclusion:
GRTUSDT stands at the intersection of blockchain and the AI narrative, offering substantial growth potential. Stay informed, monitor market developments, and trade responsibly.