$DYDX : Cultivating Opportunity: An In-Depth AnalysisA comprehensive analysis of CRYPTOCAP:DYDX , presently valued at $2.36 as of the current writing, unveils a series of significant patterns and indicators. Most notably, an intricate Triple + Double bottom formation has materialized, complemented by a consistent series of ascending peaks and troughs in the Relative Strength Index (RSI). This steadfast progression is further underscored by the multitude of price interactions with resistance thresholds. Contextualized within the backdrop of Bitcoin's lateral or ascending movement, discernible price milestones come into focus, including $2.92, $3.70, and $4.52. Beyond these intermediate benchmarks, the prospect of a substantial surge, potentially reaching $6, emerges as a distinct possibility.
#NFA
TA
BTC Professional Analysis on $Bitcoin Weekly #NFAMake it or break it moment is right here.
40k+ breaks channel or 9k if failure here. Just like the old-school game of pong, once that ball bounces at the top and doesn't break whatever it touched, it goes in the other direction. Bitcoin doesn't break up here, it breaks down to Goblin-town aka bottom of channel in blue.
GM TA - General Motors going downhey guys whats up its amir
So General Motors, what exactly do we have here:
- Beautiful bearish flag just got broke down
- I want you to notice to the RMACD we had last week a bull trigger and got rejected and now were closing a bearish trigger, and exactly the same happened in the drop last time (vertical lines) its a sign that the bears are stronger than the bulls.
- Watch at the volume indicator, for about two years you can see clearly who have control on the stock look at all the red bars, clearly the bears are in charge here.
- Good risk reward ratio 1:3 its fine.
defintely work for me.
*not financial advisor*
KATANA INU. KATA/USDT 1D. Mem-coin. Chart.Here's Kata Inu mem coin chart.
Very technical instrument. In the main trend we can see an uptrend forming.
Secondary trend potential Cup. Previously falling wedge has been formed which has recently broken above.
Right now descending channel is forming with an amplitude of 102%.
In case of breakout of this channel - potential of 200% is opened. Then, midterm, if price breaks above the resistance of the cup - more 200% potential is there.
Also there's a potential uptrend channel forming which is shown on the chart.
The coin is moving very technically.
CHFJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bullish trading inside the rising broadening wedge in red, and it is currently retesting the lower trendline.
Moreover, the blue level is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As CHFJPY is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MAHSEAMLES - Moving into the next OrbitThe stock has been has been rising from the low from the beginning of the year. It has been consolidating for almost two months. Also we saw "SPRING" pattern during the re-accumulation.
Relative Strength, Money Flow and Buying pressure all positive. Today the stock is trying to move out of the re-accumulation zone. A positive close with volume support above 502 will take the stock to higher levels.
Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market.
Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move.
On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
Spotting Market Reversal by FrogAlgo🗣️ Predicting market reversal is one of the most challenging tasks trader are faced with day by day. These indicators and patterns can handle the initial steps for you. Spotting Market Reversal by FrogAlgo 💥
I. The Spotting Market Reversals is made up of two main phases
1) What Indicators for spotting market reversal
a. Oscillator TSI
b. SMAs (20,50,200) and EMA200
c. Coloring Candles
2) Identifying the current patterns in market
a. H Pattern (Double Bottoms) or Inverted H Pattern (Double Tops)
b. SMAs | EMA200 Support or SMAs | EMA200 Support Resistance
c. Gap-Up (Oscillator) or Gap-Down (Oscillator)
d. Side-Way Candles + SMAs | EMA200 Support or Side-Way Candles + SMAs | EMA200 Resistance
II. Spotting Market Reversal consists two parts:
1) Market Reversal (Bottom) for Long :
2) Market Reversal (Top) for Sell :
Explanation:
1) Market Reversal (Bottom) for Long :
a. Oscillator in GreenZone → SMAs | EMA200 Support
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b. Oscillator in GreenZone → H Pattern (Double Bottoms)
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c. Oscillator in GreenZone → Gap-Up (Oscillator)
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d. Oscillator in GreenZone → Side-Way Candles + SMAs | EMA200 Support
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2) Market Reversal (Top) for Sell :
a. Oscillator in RedZone → SMAs | EMA200 Resistance
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b. Oscillator in RedZone → Inverted H Pattern (Double Tops)
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c. Oscillator in RedZone → Gap-Down (Oscillator)
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d. Oscillator in RedZone → Side-Way Candles + SMAs | EMA200 Resistance
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18 June 2023 $ONGC: The oil money longNSE:ONGC
Reports came out yesterday stating that Russian oil is making up 30% of India's imports as stated India's largest publicly owned oil & natural gas firm. This comes at a crucial period for Russia after being hammered by economic sanctions, as we can tell with the war, it is firmly narrowing down into a war of attrition, and this war can only be funded if Russia feels economic security, this reason so puts greater trust into BRIC stocks and will definitely see some sort of financial injections in the coming year(s).
India hosting the largest population in the world is focused on 2 main objectives especially following the recent tragic train crash. 1. How can they lift the largest workforce in a similar manner to China up? 2. How can they compete neck to neck with Shanghai/LA/NYC/London/HK. Possessing a significantly advantageous location on the world map, India's future will soon be determined by policies made NOW. For India to achieve these objectives, at the very baseline, it requires public infrastructure and, none of that can run without the veins of oil.
Thus, this bet is betting on India's persistence and future in general on its most necessary growth factor commodity. The balance sheets show a well maintained company with efficient enough statistics.
Currently, it's Price-to-sales are about 0.29 with industry average at about 0.66. Meaning at the moment, ONGC is well undervalued. On top of that, its EBITDA is at 11.02 with Industry average at 8 exemplifying the company's healthy financial status and good cash flow. Beta value sits at 0.73 showing low volatility in comparison to the market and lastly, quarterly price to book is at 0.7 showing it is a great stock to buy at it's current value.
I have long term entries at this with buys at 150, 152, 146 and 139 respectively. I will be DCAing this over time but I don't expect a drop to these levels any time soon.
MTL RESULT!!!BYBIT:MTLUSDT.P
Wow. this trade was everything i expected i am very proud of this outcome i took my patience and held on too watch these playa bottoms form! it was just a matter of time until i took a shot at this one and after the last spike from the 3rd through to the 6th was that sweet swing.. the volume came through and seen that double bottom forming on the 1HR and took my shot! thats all! win or lose it dont matter! im interested in the best setups. Time to reflect with my wife and find the next best trades i got my eye on. ill be sure to go through these ones tomorrow. ROAD2AMILLI
Blood in the Altcoin Streets!Traders,
We woke up this morning with a bloody mess in the Altcoins space although Bitcoin and Ethereum both held critical levels and, believe it or not, I remain bullish on. Let's take a look at these charts and talk about what occurred. Are there any altcoins even worth entering? Which ones? What are some good entry areas?
Stew
SEC Sues Binance taking Bitcoin right to its mark!Traders,
Legalized mafia (the SEC) have attacked crypto once again. But crypto remains strong, resistant, and resilient. This time will be no different. In fact, from a technical standpoint, as long as we can remain above BTC 25,200, I will be as bullish as ever. Let's take a look how the SEC's lawsuit against Binance might impact crypto.
Stew
I hope Bitcoin dies. │ Why Bitcoin has a long way to go. Bitcoin is far from being an asset or anything of that kind, the prices moves from the bigger market movers who like to manipulate prices to a point that there are little to no explanations to the price movements.
Although 99% of people think they have figured out Bitcoin and its movements, they haven't. This currency is now used for manipulating newer adopters of the currency into believing it is "The future of currency" or something stupid like that.
Many people come from YouTube or some other platform where they are told lies about the future of the currency to a point they decide to "Invest" and they come into the currency with an approach that it is going to hit $10 million or something stupid along those lines.
They spend a lot of their time watching the price fluctuate up.. down... up.. down. To a point that they only really pay attention to the main winners. +10%. -15%. +20% etc etc.
These people get so addicted to this currency and think only because they see all of these profits a lot of the time then they think that this will continue to the future.
They might put another $1000 into it.
After maybe a year of watching their money move up and down they might get into other alt coins and please don't get me started on this ... lol
Alt-coins are not the future unless it is made by a governing body.
They might even get into some deep TA, I have even seen people predict the future of bitcoin on the formation of stars over time. THE FORMATION OF STARS!?! HOW STUPID ARE YOU?
Sadly, although the whole cryptocurrency scene is mainly fuelled by people who are manipulated to think it is going to $10 million next year. It still will have a future. The adoption of bitcoin has increased over the past years but I don't expect it to grow a massive amount more in the commercial world.
People have adopted it for payment methods but this isn't something that will change the world or really move the price.
There are some people who use it for illegal activities and to stay anonymous and I think this is where a lot of volume comes which makes it even harder to predict future prices.
No doubt the currency will be at less than $2500 in 2022.
Please do not believe the lies that they tell you.
Thank you, I hope you enjoyed me ranting on about this topic aha.
BTC diamondHey everyone, happy sunday
quick idea to show you
BTC diamond on the 15 min TF
Red vector ranges above if it breaks out of the diamond, however we do have some green vectors residing below.
Moving averages are getting tightly squeezed, probability of a move soon.
if it breaks 200MA and holds we could see a move up towards 28 K
also its in this weird kind of symetrical triangle pattern, heading for potential break out or green vector recovery.
But note that it has hit the green vector but left a bit so lets see.
DXYHey everyone waaaSUP,
so here is another idea on the DXY.
1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00
This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump.
There is probability of breaking out but we will see.
Stoch Rsi is curling down for a retrace, i reckon wont reach no where near the bottom bounce up then drop.
MACD looks like it wants to roll over.
Peace and love everyone
HIMAYC 1 dayYo Yo Yo, i thought i would share this idea with you all. HIMAYC daily timeframe
This has been pumping since November last year, over 6000% took a couple of big drops during that time but even so, its pumped.
Even from March this year its pumped up 2000%. Thats insane
So here we are 1 hour time frame, Ive just made it simple. Moving averages look nice smooth and still curling up. Ive drawn some rectangles illastrating big moves on price and copied thes measured moves that matches the previous so ive basically done the same.
But to add some confluence ive drawn some simple uptrend patterns and they both pin point to the measured moves previously done. And its at a key price target of $2.50
Also moneyflow coming up into the green ;)
I know it bonkers, its a huge move but probability suggests its possible.
I thought i would put it out there so here we are :)
Peace and love everyone
BTC 2 day fractalHey everyone.... so ive done a 2day BTC fractal analysis
As you can see if added some important key areas in the orange bubbles. The first one being the covid but also what many might not be aware of was on the 20th March 2020 Suadi (US allies) dropped an oil price war on Russia. This tanked the oil price to less than zero. And you can see it here on the chart. Then the second is where the crash would of happened at present day based on the fractal from this period.
Now look at the fractal, ive outlined the main fractal on the left from june 2019 to april 2021. I have then split his fractal into two, thus removing the previous spoofy crash.
I say spoofy becasue it was a coincidence with covid, i wonder who stocked up on the oil at that price, for it to rocket a few months later hmmm.
Anyway thats for another day, But the fractal from june 2019 to feb 2020 is pretty much bang on to price action june 2022 to march 2023.
So is it fair to say we have skipped past the previous crash and heading into the bull run phase 1
Look how close we are to a golden cross (50MA crossing up and abovew the 200MA.
SO what about levels, longer term levels of resistance to breakl are : 41,600 / 52K / 69K
Then when we hit ATH next level up potentially 100K then up to 150K basing it on this fractal pattern and the golden cross.
Im not saying this is gonna happen overnight but its happened before so probability says it can happen again,
Or could Balanji be right and we hit $1M
Peace and love everyone, share and like dudes :)
4/14 Watchlist + NotesMy watchlist got taken down by TradingView moderators yesterday. As a recap, I was bearish on SPY, and main watch was PYPL for the 3-1 setup it had on the daily
SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly re-adjusting/stabilizing from yesterday's madness. Regardless of why we were so off with our prediction, we were just wrong plain and simple. Unfortunately my streak of correct predictions has ended because of today. This is a prime example of an engulfing day not following suit and moving in the unexpected direction, which happens about 15% of the time when we see engulfing candle days.
We closed relatively strong, so I have to believe we will see continuation tomorrow. Upside target set at the 416 area. I have a feeling we either pump hard tomorrow or just consolidate and create an inside day. Would rather see an inside day being made than another 2U
Watchlist:
3-1 Daily Setups: (Neutral on all except TSLA)
TSLA - Bullish
COST
DOCU
DIS
2-1 Daily Setups: (Also Neutral on All)
AMD
SHOP
PFE
SQ
BABA
LULU
CSCO
Main Watch:
TSLA & PYPL
PYPL never broke out of the 3-1 daily so now it is in a 3-1-1. Watching for upside
TSLA is in a 3-1 and has more room to the upside. Also watching for upside. Target is 191. To the downside target is 176.16
Yesterday's main watch:
PYPL: mentioned it did not break out of the 3-1 above. Not a loss, not a win either
Watchlist Stats:
3/4 on SPY predictions
2/4 Main Watch Plays
Personal Stats:
1/3 On the week
Overall red
Messed up today. Had two solid trade ideas, but just barely got stopped out on both before the move I was looking for happened. After two losses I called it a day and just watched for the rest of the day. Sometimes on days like today where I am right with my analysis, but lose trades, it is best to just stop trading and watch. Every trader has good and bad days. I can credit this red day to a few minor issues, but the main thing on days like this is to be able to recognize the mistake or mistakes, learn from them, and move on. Lets rebound tomorrow and close the week green. Good luck everyone