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Gold will be Slave or Master❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking above the $2100 resistance, XAUUSD surged by 5%. How high can Gold climb? The marked red circle represents a significant resistance and overbought zone as it marks the intersection of: 1- $2250 round number. 2- Upper red trendline from weekly. 3- Upper blue trendline from daily. 🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal. And keep in mind: the bigger the impulse, the bigger the correction. Therefore, when Gold begins to trade lower, be prepared! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3
VKTX Stock Soars to Record HighsViking Therapeutics (NASDAQ: NASDAQ:VKTX ) sent shockwaves through the biotech industry as it accelerated its timeline for a groundbreaking obesity treatment, propelling its stock to unprecedented heights. With the prospect of competing head-to-head with pharmaceutical giant Eli Lilly (NYSE: NYSE:LLY ), Viking's innovative approach promises a potential game-changer in the fight against obesity. Viking Therapeutics Surges on Accelerated Timeline In a surprising move, Viking Therapeutics announced an expedited timeline for the release of crucial data regarding its Eli Lilly-rivaling obesity treatment. The biotech firm now anticipates unveiling the results of its midstage trial for its weekly shot ahead of schedule, aligning with the imminent release of data from its oral drug study. Key Catalysts Driving Value: Leerink Partners analyst Thomas Smith underscores the significance of Viking Therapeutics' ( NASDAQ:VKTX ) accelerated catalyst path, citing multiple upcoming data readouts across obesity and NASH. Smith's bullish report emphasizes the potential for significant value inflection in VKTX shares, reflecting growing investor anticipation surrounding the company's groundbreaking developments. Viking's Dual Approach: Daily Pill and Weekly Shot Viking Therapeutics ( NASDAQ:VKTX ) is pioneering a multifaceted approach to combatting obesity, with two distinct treatment modalities in its pipeline. The company's innovative daily pill and weekly shot hold promise for addressing the diverse needs of patients battling weight-related health issues. Eli Lilly-Rivaling Potential: Implications for the Market With Viking Therapeutics ( NASDAQ:VKTX ) poised to challenge Eli Lilly in the obesity treatment arena, the biotech firm's accelerated timeline signifies a potential paradigm shift in the pharmaceutical landscape. As investors digest the implications of Viking's ambitious pursuits, industry watchers anticipate heightened competition and renewed focus on innovative solutions for obesity and related metabolic disorders. Market Response: In response to Viking Therapeutics' ( NASDAQ:VKTX ) groundbreaking updates, NASDAQ:VKTX stock surged by over 15%, reaching an all-time high of $28.10 in morning trades. The remarkable rally underscores investor confidence in the company's strategic vision and the transformative potential of its obesity treatment portfolio. Conclusion: Viking Therapeutics' ( NASDAQ:VKTX ) accelerated timeline for its Eli Lilly-rivaling obesity treatment marks a watershed moment in the biotech industry. As the company advances towards critical data readouts, the market eagerly anticipates the unfolding of a new chapter in the fight against obesity and related metabolic disorders. With NASDAQ:VKTX stock soaring to unprecedented heights, Viking's bold initiatives are poised to reshape the future of healthcare.
NASDAQ:VKTXLong
by DEXWireNews
API3's Meteoric Rise: Unraveling the Dynamics Behind 100% SurgeAPI3, the decentralized oracle project, has recently experienced a remarkable rally, with its price soaring by 100% in just 24 hours. As enthusiasts eye a $4.0 target in the near term, it's crucial to delve into the factors propelling this surge and assess whether API3 is poised for sustained growth. The Funding Rate and DWF's Market Making Loan: Renowned analyst Sell When Over | 9000.sei (@sell9000) sheds light on the driving forces behind API3's recent ascent. One significant contributor is the negative funding rate, reminiscent of previous instances observed with UMA. The current negative funding rate creates a cost for holding long positions, incentivizing buyers to push the price upward. Adding to the intrigue, DWF reportedly provided a $1.5 million market making loan, introducing additional incentives to boost API3's price to profitable levels. This loan comes with an option to purchase tokens within a specified price range, adding a layer of complexity to the market dynamics. Technical Analysis and Market Dynamics: From a technical standpoint, analyst The Great Mattsby (@matthughes13) highlights API3's breakthrough of the previous resistance at $2.50 and the establishment of new resistance around $3.20. This development has facilitated a remarkable 45% surge in API3's price, marked by a significant daily candle. However, challenges may lie ahead as API3 faces resistance at $3.20, identified by the orange horizontal line. Mattsby acknowledges the potential difficulty in surpassing this level, leaving the market eagerly awaiting further developments. API3's Mission and Market Potential: Understanding the fundamentals of API3 is crucial to grasping its potential for sustained growth. API3 aims to revolutionize the creation, management, and monetization of decentralized versions of APIs on a large scale. In a world where smart contracts frequently face challenges accessing reliable data, APIs offer a potential solution. As blockchain technology gains prominence across various sectors, the API3 team emphasizes the increasing importance of smart contracts delivering timely, reliable real-world data. The Whitepaper Unveiled: The whitepaper for API3, unveiled in September 2020, highlighted a critical issue associated with APIs: connectivity. Smart contracts currently lack a direct means to connect with APIs for the most up-to-date data, leading to the surge in popularity of oracles. While oracles have mitigated this challenge, they introduce increased costs and centralization. API3 seeks to overcome this predicament by empowering API providers to operate their own nodes. Conclusion: API3's recent price surge is a testament to the growing interest in decentralized oracle solutions. As the project navigates critical resistance levels and tackles challenges, investors remain intrigued by its potential for further growth. The interplay of negative funding rates, market making loans, and technical breakthroughs make API3 a fascinating case study in the ever-evolving landscape of cryptocurrency investments. As the market awaits further developments, API3 enthusiasts and skeptics alike find themselves on the edge of their seats, wondering if this meteoric rise is a mere prelude to greater achievements or a temporary phenomenon in the tumultuous world of crypto.
Long
by DEXWireNews
Internet Computer Price Surges By 40% Today! Will $ICP Hit $10?The altcoins have gained significant momentum in recent days as many tokens are successfully outperforming the top cryptocurrencies of the industry. Further, top altcoins such as BONK and Internet Computer (ICP) price have added massive value to their portfolio during the past month. Further, the ICP token has added over 38% within the past 24 hours, making it the top gainer of the day in the crypto industry. The Internet Computer price traded in a closed range between $4.060 and $4.750 for almost a month, indicating a disinterest among the investors in this token. December started positively as the ICP token price after multiple attempts, successfully broke out of the range, and displayed micro-price movements. The price gained approximately 20% in two weeks before it faced rejection at $5.698. After multiple attempts, the bulls regained momentum, but the rally was short-lived as the price faced rejection at $6.659. The price witnessed significant bullish sentiment as it added over 36% in value during the early trading hours today. Positively the Cross EMA 50-Day acts as a dynamic support for the ICP price, suggesting a high possibility of a bullish price action soon. Will ICP Price Rise Again? The Moving Average Convergence Divergence (MACD) displays a significant rise in the histogram, indicating an increased buying pressure for the coin. Moreover, the averages show a sharp rise, suggesting the price will continue gaining value this week. If the bulls continue to gain momentum, the price will test its resistance level of $9.068 soon. Maintaining the price at that level will set the stage for the ICP price to attempt to test its upper resistance level of $10 during the coming week. Conversely, if a trend reversal occurs, the price will lose momentum and prepare to test its support level of $7.390. Moreover, if the bears continue to overpower the bulls, it will plunge further and fall to test its lower support level of $6.659 in the days ahead.
Long
by DEXWireNews
1
Why Is Gap (NYSE: GPS) Stock Up Today?The Gap (NYSE:GPS) jumped 14.9% in the morning session after the company reported third quarter results that blew past analysts' revenue and EPS expectations, although its revenue declined in absolute terms. These beats were driven by better-than-expected same-store sales performance (analysts forecasted a 7% decline, and Gap posted a 2% decline). In the earnings release, management called out market share gains in the competitive casual apparel space. We were also excited its gross margin and free cash flow outperformed Wall Street's estimates - many were expecting Gap to post negative free cash flow. Management noted that rigor around expenses "has put the company on stronger financial footing and is enabling us to focus on reinvigorating our portfolio of brands, strengthening our operating platform, and reviving our culture for success." As a reminder, as a new CEO at the helm. Richard Dickson assumed the role in August 2023, and this is a good start for the new leadership of a company that has had its fair share of troubles in the last few years. Zooming out, we think this was an solid quarter amid low expectations that should please shareholders. Price Momentum GPS is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
GLong
by DEXWireNews
(NYSE: COUR) Why Coursera Inc's Stock SkyrocketedFundamentals Coursera Inc (COUR, Financial), a leading player in the education industry, has seen a significant surge in its stock price over the past three months. With a current market cap of $2.8 billion and a stock price of $18.35, the company's stock price has seen a gain of 11.47% over the past three months as of November 7, 2023. However, over the past week, the stock price has seen a slight loss of 0.11%. Understanding Coursera Inc Coursera Inc is an online learning platform that connects learners, educators, and institutions with the goal of providing world-class educational content that is affordable, accessible, and relevant. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The platform contains a catalog of high-quality content and credentials, content developed by university and industry partners, data and machine learning drive personalized Learning, effective marketing, and skills Benchmarking among others. The company operates through three reporting segments: Consumer, Enterprise, and Degrees, with the majority of revenue generated from the Consumer segment. Profitability Analysis Despite its impressive stock performance, Coursera Inc's profitability rank stands at a low 1/10 as of September 30, 2023, suggesting that the company's financial health could be better. The company's operating margin is -27.70%, which is better than 12.02% of 258 companies in the same industry. Its ROE is -22.25%, better than 13.36% of 247 companies, while its ROA is -15.73%, better than 10.38% of 260 companies. The company's ROIC is -73.33%, which is better than 2.69% of 260 companies. Growth Prospects Despite its low profitability rank, Coursera Inc's growth prospects appear promising. The company's 3-year revenue growth rate per share is -6.90%, which is better than 22.69% of 238 companies in the same industry. Its total revenue growth rate (Future 3Y To 5Y Est) is 19.28%, which is better than 82.35% of 34 companies. The company's 3-year EPS without NRI growth rate is -0.60%, which is better than 37.36% of 174 companies. Top Holders of Coursera Inc's Stock The top three holders of Coursera Inc's stock are Baillie Gifford (Trades, Portfolio), Jim Simons (Trades, Portfolio), and Ray Dalio (Trades, Portfolio). Baillie Gifford (Trades, Portfolio) holds the largest share with 18,053,679 shares, accounting for 11.98% of the total shares. Jim Simons (Trades, Portfolio) holds 869,900 shares, accounting for 0.58% of the total shares, while Ray Dalio (Trades, Portfolio) holds 246,392 shares, accounting for 0.16% of the total shares. Technical Analysis Price Momentum COUR is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:COURLong
by DEXWireNews
Coca-Cola Co: Maintaining The Resistance LevelKey Points To Note a. Coca-Cola Co (NYSE:KO) reported a growth of 8% in net revenues, reaching $12.0 billion in Q3 2023. b. The company's operating income grew by 6%, while EPS grew by 9% to $0.71. c. Coca-Cola Co (NYSE:KO) also raised its full-year guidance based on its year-to-date performance. d. The company gained value share in total nonalcoholic ready-to-drink (NARTD) beverages. showcasing continued momentum from the first half of the year, Coca-cola company reported an 8% growth in net revenues, reaching $12.0 billion, and a 6% growth in operating income. The EPS also grew by 9% to $0.71. The company's revenue performance included a 9% growth in price/mix and a 2% growth in concentrate sales, which were in line with unit case volume. The operating margin was 27.4%, slightly lower than the 27.9% in the prior year. This decline was primarily driven by items impacting comparability and currency headwinds. However, the comparable operating margin (non-GAAP) was 29.7%, slightly higher than the 29.5% in the prior year. Coca-Cola Co (NYSE:KO) also reported that cash flow from operations was $8.9 billion year-to-date, an increase of $861 million versus the prior year. This was driven by strong business performance and working capital initiatives, partially offset by the transition tax payment made during the second quarter. The company continues to link consumption occasions with consumer passion points to build deeper brand connections. For instance, for the FIFA Womens World Cup 2023, the company activated a system-wide campaign in Australia and New Zealand. The company also continues to pursue its World Without Waste packaging goals by designing and increasing availability of packages that include a combination of recycled materials or reusable containers. Additionally, Coca-Cola Co (NYSE:KO) continues to evaluate its fit-for-purpose balance sheet and the needs required to support its growth agenda. Recently, the company entered into a letter of intent to refranchise company-owned bottling operations in the Philippines to Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures (AEV). What To Expect Towards The End Of 2023 The company expects to deliver organic revenue (non-GAAP) growth of 10% to 11% for the full year 2023. It also expects commodity price inflation to be a mid single-digit percentage headwind on comparable cost of goods sold (non-GAAP) based on the current rates and including the impact of hedged positions. The company expects to generate free cash flow (non-GAAP) of approximately $9.5 billion through cash flow from operations of approximately $11.4 billion, less capital expenditures of approximately $1.9 billion. Overall, Coca-Cola Co (NYSE:KO) delivered a solid quarter and is raising its full-year topline and bottom-line guidance in light of its year-to-date performance. The company's leading portfolio of brands, coupled with an aligned and motivated system, positions it to win in the marketplace today while also laying the groundwork for the long term.
NASDAQ:COKE
by DEXWireNews
UNH's Prescription for Success: Exploring the Surge in UNH StockUNH NYSE Stock: Riding High on a Bullish Run UnitedHealth Group's (UNH) stock on the NYSE is experiencing a remarkable bullish run today. The surge can be attributed to the company's impressive financial performance and its role in the healthcare sector's evolution. UNH's robust earnings, expanding healthcare services, and strategic acquisitions have garnered investor confidence. The growing demand for healthcare services, amplified by pandemic-driven awareness, fuels UNH's ascent. Technical indicators, including Relative Strength Index (RSI) and Moving Averages, confirm the bullish sentiment. As healthcare remains a critical focus globally, UNH is well-positioned to continue its bullish stride, making it a standout in today's market.
NYSE:UNHLong
by DEXWireNews
ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2
Shiba Inu (SHIB) Surges 45% in 7 Days & Overtakes Tron (TRX)Popular cryptocurrency Shiba Inu (SHIB) overtook another popular coin, TRX, from the company TRON in the top by market capitalization from the portal CoinMarketCap. SHIB, traditionally referred to as a memecoin, showed an impressive seven-day increase in quotations by more than 40%, which helped Shiba Inu add another $2 billion to its capitalization. Thus, SHIB has a current capitalization of $6.4 billion and ranks 13th in CoinMarketCap's top. Of course, the growth rate of more than 40% in seven days can definitely be considered a victory for SHIB, but it is worth noting that Tron's TRX might not receive its percentage growth and give up its place in the top due to recent events related to algorithmic stable coin USDD, issued by Tron DAO. Recall that USDD lost its peg to the dollar in mid-June in events seemingly similar to the Terra collapse. Nevertheless, Tron DAO and its head, Justin Sun, managed to stall the de-peg and quickly implement a plan to save the entire Tron ecosystem.
COINBASE:SHIBUSD
by wangpertbangcu1984
SHIB Surges 10% on Saturday, as NEAR Hits 2-Week HighSHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend. The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB. As a result of Saturday’s surge, SHIB/USD is now trading nearly 50% higher in the last seven days alone, making it one of the biggest movers within that period. Looking at the chart, today’s rally has seen prices near this week’s high of $0.00001209, which is the highest the token has hit since May 31. Should this week’s momentum continue upward, then bulls will likely attempt to recapture this point over the next few days. A stumbling block could come via the 14-day RSI, which is currently tracking at a resistance point of 56.60, which is also its highest point since late March. If SHIB bulls were to apply even more pressure on current bears, then we would likely need to see a breakout of this ceiling.
FTX:SHIBUSD
by Hussain2133
BTC/USD Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin ( BTC ), the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press time, bitcoin was trading at about $20,383 a coin. Bitcoin’s price surge reflects traders’ renewed appetite for risk, even as the market continues to digest the fallout surrounding crypto lending giant Celsius and crypto investment firm Three Arrows Capital. We taking this trade (LONG TERM) based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
BITSTAMP:BTCUSDShort
by Hussain2133
Long various alt coins soonHello everyone, I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year! Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in. In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior. That is it for now. If you have any questions, please feel free to ask. Wishing you the best!
Long
by jbrelin
5
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there. If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators: 1. stochastics RSI in over sold 2. Surge turning up and displaying a back and front divergence. then I will be getting in my favorite Alts at God-speed! Let's see what happens! Thanks for watching and reading my post.
CRYPTOCAP:TOTAL3Long
by jbrelin
BTC MACD bullish crossingWith multiple bounces from the marked support zone and triple bounce off of the bottom of the Bollinger band + what seems like a start of the MACD crossing, it seems to me that BTC is ripe for another round of yolo surge. At the very least, I think we're in for another test of the 42k. Also WSB is probably going to realise sooner or later that BTC is decentralised - meaning that it can't be regulated like their meme stocks. Maybe someone should tell them.
BITSTAMP:BTCUSDLong
by viiiiiid
BTC to keep showing its strength (positional holding)Update to BTC: A fresh all time high, created a great drop to fill the balance. A new fresh top formed. Price has fallen but stopped at a great level of imbalance. What now? We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break. - this has now been completed! If you are holding longs and still comfortable. continue to hold with hedges accordingly at levels where price has reacted . The chart shows us: Maxed out weekly, monthly tops, creating a new all time high for the coin. with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season. Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out. The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021. Zones to watch for long additions. $24,000 - 25,550 or now 29k. imbalances $30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January. Upside targets 50k or more! Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis.
COINBASE:BTCUSDLong
by LupaCapital
2
Three Alternatives to Charting Uncharted TerritoryWithin technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in similar areas to the one you are trading in now. When a price moves up like crazy such as what bitcoin did, you won't see anything on the chart that is comparable or that you can relate to. In that case, you have to be creative. You can either go back in time, and find comparable prices way back. The downside here is that the further back you go, the less predictive that action is. You can also chart based on psychological support and resistance. Think creatively about at which points the price is likely to bounce and use those instead. And finally you can use other price action indicators such as the Fibonacci retracement. In this analysis I show all of these. Let's walk through them one by one. First of all, you can clearly see the Fibonacci retracement. I used the most recent low, and the most recent high to draw the fib. Immediately, a few things stand out. We see the beautiful bounce around .236, a level that usually only matters in very bullish set-ups as the price often breaks right through. Also we see that there is resistance at the .382 level and at the end of the golden pocket. You could use that information to determine a good entry for a long and estimate a reversal point. Then, I also looked at price action way, way back. We see a very interesting horizontal zone coming from July '19. There was also another horizontal zone that didn't fit on the chart anymore around the $17,200 from January '18. You can use the upper one to mark an area where you can expect resistance, and the lower one as an area where you can expect support. And then finally you have psychological levels. I highlighted one very important one here at the $16,000 level as I expect we'll be mostly looking at the more bullish levels soon anyway. The price beautifully bounced around that level and I expect it can happen again. The price might get rejected and reverse when it's moving upwards around that level, or break through and use a S/R flip to find support again near that same level. As for my expectations on price, I expect a form of consolidation now where BTC will not be the star of the show for a while, but instead we will focus on great Alt opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSD
by Trading-Guru
4