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We’re Getting Close to Altcoin Season | Pattern from 2021CRYPTOCAP:BTC.D is showing a pattern eerily similar to what we saw in 2021. Here’s how it played out back in 2021: Stage 1: After the 2017 alt season, we saw a W-bottom pattern form. Stage 2: An uptrend emerged after breaking through the neckline of that W-bottom. Stage 3: The real altcoin season kicked off as #BTC.D broke the uptrend line, and the market went crazy! Now, let’s fast forward to today: Stage 1: After the 2021 altcoin season, we’re seeing a multiple-bottom pattern. Stage 2: An uptrend formed after breaking through the neckline of that pattern. Stage 3: This is where we are now—the wild altcoin season could begin once BTC.D breaks the uptrend line!
CRYPTOCAP:BTC.DLong
by Harold_123
1
USDCHF - Looking for a Weaker Dollar?!The USDCHF pair is trading in its ascending channel on the 4-hour timeframe, between the EMA200 and EMA50. In case of a downward correction towards the demand zones, the next long positions in this pair with a good risk-reward ratio will be available for us. Morgan Stanley Investment Bank anticipates that the Federal Reserve will keep interest rates unchanged at its January meeting but is expected to revise its assessment of labor market conditions. Jerome Powell, the Fed Chair, is likely to emphasize the reliance on data and prevailing uncertainties while keeping the option for a rate cut in March on the table. Morgan Stanley analysts predict that the Fed may revise its description of the labor market from “cooling” to “stable.” This shift reflects recent employment data trends, which have demonstrated consistency over the past 6 to 9 months. According to Morgan Stanley, Powell is expected to reiterate ongoing progress in reducing inflation, highlighting that monetary policy remains appropriately restrictive. Furthermore, the Fed is likely to delve deeper into balance sheet policies and may signal that the process of balance sheet reduction could soon conclude. Meanwhile, Sergio Ermotti, CEO of UBS, has warned that high government debt could lead to a major crisis. Goldman Sachs, in its analysis of President Donald Trump’s inaugural policy statements, noted that his tariff policies appeared softer than initially expected and currently carry less priority than previously anticipated. The firm also observed that Trump’s rhetoric regarding Mexico and Canada was more aggressive than projected. Goldman Sachs concluded that the likelihood of a global U.S. tariff on all import sectors this year has diminished, thereby reducing the risk of reigniting inflationary pressures. David Solomon, CEO of Goldman Sachs, stated that as the new U.S. administration begins its term, the country’s economy appears to be in excellent shape. He also highlighted that key questions regarding tariffs pertain to their speed of implementation and targeted countries. Solomon remarked that tariffs would ultimately lead to a rebalancing of trade agreements over time and that trade policies would directly influence interest rate equilibrium. On the other hand, Thomas Schlegel, the president of the Swiss National Bank, stated that the Swiss franc remains a safe haven asset in global markets, although trade disputes have adverse implications for Switzerland’s economy. He also emphasized that there is no current concern regarding inflation, which remains within the bank’s target range and aligned with cyclical forecasts. Schlegel further mentioned that the possibility of employing negative interest rates cannot be ruled out.
Long
by Ali_PSND
USDCHF 23/01/2025USDCHF update: Yesterday, we didn’t get the break below 0.90410 that we were looking for, but the 4H structure remains bearish. The pair is still creating lower highs and lower lows, with price currently sitting around the lower high region near 0.90685. The bearish bias remains intact, but given how tricky this pair has been recently, it’s essential to wait for a clear break and 4H close below 0.90410 for confirmation before considering further downside. Adding to this bias is a potential head and shoulders pattern starting to form, which provides additional confluence for a bearish move. Patience is key here to avoid being caught in false breaks. Let’s see how price reacts at these levels! #USDCHF #ForexAnalysis
Short
by Thetraderscollective
STX 1$ Resistence ZoneBINANCE:STXUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️globally we came in to -0.27 Zone (usually play like accumulation zone for investors) ➡️Main support area in case if BTC drop again to test 19-17K STX should hold 0.30 cent ➡️ We going out of global downtrend line since November 2021 ➡️ Next resistance zones where we can going down again marked on chart ➡️ Main resistance zone and psychological level is 1$ where I think we will find huge sales and come back to test main support zone in September-October again. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
GBPUSD InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe! Key Points - Christine Lagarde, President of the ECB, hinted at the possibility of a rate pause, stating, “We’ll be watching closely to see if service inflation slows early this year.” - According to the UK Office for National Statistics (ONS), the UK’s public sector net borrowing in December last year surged by 131% year-on-year to £17.8 billion, marking the highest level since the onset of the COVID-19 pandemic in 2020. - President Trump announced additional tariffs on Mexico, Canada, and China starting February 1, creating a cautious market atmosphere amid tariff-related uncertainties. - The Bank of Japan (BoJ) has commenced its monetary policy meeting today, with results set to be announced on the 24th. This Week’s Key Economic Events + January 23: Trump Speech + January 24: Japan Rate Decision GBP/USD Chart Analysis After rebounding from the 1.21000 level, GBP/USD has broken above the 1.23000 level, displaying a bullish trend. Breaking through the nearby resistance suggests a strong potential for further upward movement, with the peak of this rally expected to reach the 1.25000 level. On the other hand, if the pair reverses downward, a decline to the 1.20000 level is anticipated.
Long
by shawntime_academy
Stimulus Hopes Test Downtrend Resistance as Bulls Eye BreakoutChinese policymakers have unveiled another round of measures aimed at boosting sentiment and valuations in mainland stock markets, pushing insurers and state pension funds to increase future allocations. Who knows whether it will work—the headlines are essentially recycled with a bit of extra detail. Previous stimulus attempts have also fizzled fast, as the price action over the past six months shows. But the announcement is timely, providing a catalyst to spark a bullish breakout. A50 futures sit at an interesting juncture, sandwiched between downtrend resistance dating back to October’s stimulus euphoria and the critical 200-day moving average. The price has already taken a couple of looks above the downtrend only to reverse back lower, including earlier Thursday after the details of the plan were released. However, given the risk state funds may be ordered to buy to drum up excitement among retail investors, it will be interesting to see whether we see a rally into the close. If we do and the price closes above the downtrend, one setup to consider would be to buy targeting 13200/50-day moving average, 13727, or even the double-top of 14366 set late last year. Depending on your target and risk tolerance, a stop could be placed beneath the downtrend or 200-day moving average for protection. Momentum indicators have turned bullish, potentially improving the probability of a breakout sticking. Good luck! DS
SGX:CN1!Long
by FOREXcom
Netflix on the Rise Bullish Breakout in Motion!Trendline Support The price is respecting an ascending trendline, indicating a strong bullish sentiment. Recent candles have bounced off this support line, confirming its reliability. Breakout Confirmation The price has broken above a key horizontal resistance level around $870. This breakout suggests bullish continuation, especially with volume support. Risk-to-Reward Setup A well-defined risk-to-reward ratio is visible. Stop-loss appears to be placed below $853, protecting against a false breakout. Target set around $939 aligns with a significant resistance zone, offering a potential reward. Indicators Positive price momentum is evident, with higher highs and higher lows forming. Likely supported by broader market strength in tech stocks. Next Steps Monitor the price action for sustained movement above $870. A retracement to retest the breakout level could provide a secondary entry. Key resistance to watch: $900 and $939. NFLX is poised for a bullish continuation, with the current setup offering a high-probability trade opportunity.
NASDAQ:NFLXLong
by wolfchemist
1
NVIDIA's Momentum A Breakout Story in Progress1. Trend and Structure The chart showcases an upward momentum, breaking out of a prior resistance level, indicating bullish pressure. The breakout aligns with the upward-sloping trendline, which serves as a strong support structure. 2.Breakout Confirmation The price has successfully broken through a resistance level, confirming a bullish breakout. This signals potential continuation toward the marked target zone. 3.Entry Point The entry appears to have been taken near the breakout point, at approximately $141.60, aligning with the bullish momentum. 4. Target (Take Profit) The take-profit level is marked at $152.94, representing a reasonable upward move from the breakout point. This target aligns with the continuation of the trend. 5. Stop Loss The stop-loss level is placed at $133.46, below the recent support and trendline. This level ensures protection in case the breakout fails. 6.Risk-Reward Ratio The setup demonstrates a healthy risk-to-reward ratio, with potential gains outweighing the risks. This indicates a well-calculated trade. 7. Technical Indicators The momentum of the candles breaking the resistance shows strong bullish interest. No immediate signs of bearish divergence or reversal are visible in the chart. The chart reflects a bullish breakout setup in NVIDIA's stock price. With strong momentum and a clear trendline breakout, the trade aligns well with the current upward movement. The target and stop-loss levels are well-placed, adhering to a disciplined trading strategy.
NASDAQ:NVDALong
by wolfchemist
1
NZD/JPY Breaking Barriers and Soaring HigherNZD/JPY shows a strong bullish breakout on the 1-hour chart. A descending trendline was invalidated, indicating a shift in market sentiment. This move highlights growing buying pressure and a potential continuation of the upward trend. The breakout occurred near 88.140, which aligns with a resistance level turned into support. Buyers are stepping in aggressively, creating a high-probability long opportunity. The stop loss is placed at 87.073, below the recent consolidation area, ensuring protection against invalidation. The take profit is set at 89.433, derived from the measured move projection of the breakout. This trade presents a favorable risk-to-reward ratio, backed by momentum and a clean breakout structure. With market sentiment leaning bullish, this setup aligns with trend-following principles.
Long
by wolfchemist
1
#Bitcoin $BTCUSD The Wedge dilemma.CRYPTO:BTCUSD Key Levels: 1. 109k 2. 150k 3. 85k 4. 75k CRYPTO:BTCUSD is currently trying to break a historical, old and respectful channel's upper wedge. Technically speaking, this wedge is a very significant level where it has been tested 5 times so far "illustrated on the chart". The last 2 attempts have shown that the wedge is still valid. Scenario A: Euphoria and institutions buying pressure will keep the price trading close enough to the wedge until it breaks out where it unlocks a new uncharted zone extended to the next psychological mark 150k. Scenario B: Price falls back to the nearest visible and massive demand zone around the 75k mark. I lean on a correction to the closest demand zone around the 75k mark. Corrections: It is worth noting that every time the price tests this wedge it causes a significant correction. "Check the illustrated table on the chart". Conclusion: Closing above 116k unlocks an uncharted zone to 150k Trading below the historical wedge will lead eventually to a retest of the 75k price level. #BTC #BITCOIN #CRYPTO #ANALYSIS #AHMEDMESBAH #SUPPLYANDDEMAND #BLOCKCHAIN #ETHEREUM
CRYPTO:BTCUSD
by AhmedMesbah
1
A $CELRUSD Bullish Squeeze Possibility 111%Some general possibilities on a developing textbook descending wedge, bullish squeeze setup with a good looking entry for Degens right here at .0153 and a long target price between .0289 and .0323 for a profit potential of 111.11% This could be explosive, especially if today's candle turns bright green, which is looking like a high possibility with a strong reversal developing on the minutes. Looking really good on the weekly chart for a high performance climb. COINBASE:CELRUSD CRYPTO:CELRUSD
COINBASE:CELRUSDLong
by Hollywood260AB
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: While the price is below the resistance 199.790, resumption of downtrend is expected. We make sure when the support at 182.782 breaks. If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected. Take Profits: 196.006 193.510 191.884 189.477 186.231 182.782 178.409 Total Profit: 3204 pip Closed trade(s): 1584 pip Profit Open trade(s): 1620 pip Profit Trade Setup: We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO. Closed Profit: TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit. TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit. TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit. TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit. 67 + 317 + 480 + 720 = 1584 pip Open Profit: Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip 4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
3
I can't believe I'm doing this - Long GME at 27.47I feel icky and dirty doing this because I hate everything about meme stocks. But the truth is, it is the best chart available right now. Everything else that is on sale according to my algo either has a chart that looks like the inside of a dirty diaper, has too little liquidity, or it's in an area I'm already exposed / overexposed to (shipping is on sale across the board). I can't remember a time when so little of any quality has been on sale. It makes me a little worried, actually. I'd have used NYSE:FRO for this idea, but I feel like it's a conflict of interest since I'm already in it (I have been for a while) and I am SOLIDLY in the red on it. That said, if meme stocks aren't your thing and you think oil is gonna rally any time soon, it's currently paying an 11% dividend for you to wait for it to turn around. Tankers are notorious for frequent, large and unexpected dividend cuts, so buyer beware on that. Anyway, back to the meme stock that started it all. It's been on a typically ridiculous bull run, going from 20 to 34 in 2 months for absolutely no good reason. Now, it's pulling back and all the NYSE:GME fanboys are wailing and gnashing their teeth and giving up hope, which is usually a bullish indicator in and of itself for a short term rally. They all start buying puts and then get squeezed out when it turns around. Besides its uptrend, it did respect support from the most recent Dec 3 low and formed a hammer candle, both bullish signs. But in the end it's a meme stock and meme stocks can do just about anything any time. Unless Roaring Kitty dies or gets arrested, a huge nonsensical pop in this one is always possible, too. Historically, my algo has been just as good on this stock as others (728-4 the 4 being in this past week so far), though it doesn't pay off as well as you'd expect, but I just hate it so much that it's hard for me to trade - especially right after a 75% run up. Up until the recent correction/fanboy panic, it had actually been producing really good, fast paying trade signals this year. It's been on my algo's buy list for several days now, and I've bought nothing rather than GME, but the price action today gave me a little hope that the worst MAY be over, short term anyway. Plus it has already pulled back 20% so my patience/resistance is getting me in at a better relative price than most of my buys do. But still...EW. Hopefully I can be out of this with a profit tomorrow and never look back. So as I hang my head in shame, as a matter of professionalism and good conscience, I can't recommend that anyone follow me on this trade. No sense dragging any of you through the muck and mire of the original meme stock. Keep your hands and your conscience clean, my friends...but if you must, be careful. Use protection and take a shower afterward. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NYSE:GMELong
by redwingcoach