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A BIG WIN for GOOGLE Congrats 2 those who followed this analysis A BIG WIN for GOOGLE and For You ! I knew that the "Stacked Channel" was the key and that Google would make a decision sooner or later. If we look closely, the price tried to rise several times. However, the key this channel gave us was from October 7th, with that bearish volume candle. Although it was coming down strongly, it didn’t manage to break my stacked channel. This is a very clear signal from the price, telling us: I'm still strong and still in the bullish game. one more detail to conclude is that the price is signaling with wicks that there’s a lot of buying pressure, and it’s not yet for a bear market. Google's only hope was the earnings report, and with an excellent report and very solid numbers, we won big on this analysis! Congratulations if you followed this analysis and entered before the report. As I had mentioned several weeks ago, I’ve always been "Bullish" on Google, and it didn’t disappoint me, either technically or fundamentally. Google remains STRONG ! Thank you for supporting my channel & Congrats to you! Best regards
NASDAQ:GOOGLLong
by RocketMike111
BTC at 70k don't worries me, the real challenge is at this levelBitcoin continues fluctuating below 70k. As we mentioned in last week’s analysis, it doesn’t surprise me that Bitcoin crosses 70k; the real challenge is for BTC to surpass $71,890. If you look at the overall structure, the price made a very significant historic move in MAY and JUNE, which I’ll label as PIVOT 1 and PIVOT 2 (see chart). To me, that area presents a real challenge to surpass because I detect a lot of institutional liquidity there, so we need to stay alert once the price crosses 70k and reaches this level. For now, the price has managed to create two candles with strong buying pressure, so I think Bitcoin will have a few good days, but it will continue to fluctuate below 70k until we see solid buying volume. Thank you for supporting my analysis. TRADE SAFE! Best regards!
COINBASE:BTCUSD
by RocketMike111
Is Palantir in a Danger Zone? We will see after the report... Palantir is about to announce its quarterly report. As we analyzed in the last report, the price reached its highest point after several years, but after reaching this liquidity zone, it had a pullback as we announced before. However, Palantir is showing strength in this area, and we ended on the last candle where it will attempt again to surpass this liquidity zone with strongly. Will it succeed? I believe Palantir has the volume to continue moving a bit higher, but at this point is entering an area where the upward momentum is slowing significantly. On one hand, we’re seeing a double-top forming, and the candle hasn’t fully formed yet. We need to wait and see if the next candle shows liquidity. If so, we should be cautious about the wick length, as that could signal trouble for Palantir. so with the earnings report approaching, there is a lot of uncertainty, which may make it difficult for the price to break this liquidity zone. We should stay alert this November 4th. Palantir has excellent fundamentals, but its recent reports have barely exceeded analysts' expectations. If this report misses even by a small margin, I think we could see a significant drop due to the stock being heavily inflated. Here are Palantir's latest results: Nov 02, 2023 2023 (Q3) Analysts = 0.06 / Reported = 0.07 (BEAT) Feb 05, 2024 2023 (Q4) 0.08 / 0.08 May 06, 2024 2024 (Q1) 0.08 / 0.08 Aug 05, 2024 2024 (Q2) 0.08 / 0.09 Nov 04, 2024 2024 (Q3) 0.09 / (Mon, Nov 4) Thank you for supporting my analysis. TRADE SAFE! Best regards!
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by RocketMike111
NVIDIA Waiting for the big day !!!! Although we closed last week with a candlestick pattern called an 'Inside Candle,' the following candle was green, but it didn’t exceed the last high (see slanted yellow arrow). Nvidia is stronger than ever, but that doesn’t mean the price won’t take a pause or make a small pullback before its report; rather, the price is likely entering an accumulation phase, as everyone expects Nvidia’s upcoming quarterly report to show excellent earnings results. So my forecast for Nvidia is that it will fluctuate between my point of interest as resistance and the yellow order block as support, but the most important moment here will be its earnings report day—that’s when the price will make a decision and direction. Thank you for supporting my analysis. TRADE SAFE Best regards!"
NASDAQ:NVDALong
by RocketMike111
2 Confirmations last week just as we planned, What's next? SPY PRICE HAS BEEN MOVING IN OUR FAVOR ! CHECK MY LAST WEEK ANALISIS, Before we get to the analysis i just want to say... So far, the price has moved in our favor. If you check the results of previous analyses, you’ll see that the price has moved exactly according to my analysis of price action, supported by institutional trading concepts. Each green check mark represents a prediction that was correctly fulfilled according to the analysis from one week ago. My analyses are weekly, carefully prepared every weekend, but note: the study of price movement and the forecasted direction here, is based on my experience as a trader. I DON’T KNOW WHERE THE PRICE IS HEADING! IN FACT, NO ONE DOES! Every price movement and behavior is based on a historical movement of institutional supply and demand. Based on the years I’ve spent studying this concept, I can predict the next price movements. However, it’s crucial to emphasize that trading is ultimately speculation, but if you have really good fundamental study in price action & structure, your margin of error will always be minimal. So This analysis is for you but at the same time for entertainment purposes do not take trades because I'm greedy on any active, please do your own research first and you will have tyour final decision. BACK TO SPY... The price indeed broke out of the channel after we saw it crawling like a worm along the channel support. Indeed, the price began to range after the channel breakout. Looking at the overall structure, the price has been losing strength and volume since last week. I have a feeling we won’t see all-time highs soon, as it’s time for the price to start accumulating or simply making its natural pullback. I'm expecting the next move to either be a pullback that touches my "order block" zone and then starts gaining momentum to recover all that decline, or, in another scenario, if we see enough volume on Monday, it could start fluctuating in a range to accumulate before touching new all-time highs. BUT! The price could reach highs while forming its accumulation range. However, what we’re looking for is a decision from the price to break out of the range and reach new highs along with a new extreme! So be patient; this week will be very interesting to analyze in terms of price behavior. Thank you for supporting my analysis. TRADE SAFE! Best regards
AMEX:SPY
by RocketMike111