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Power law and the halvening theory In 2021, I was convinced that the power law model had been broken and wrote it off as invalidated.
But when I turned on the halvening date indicator, it marked the exact top of the last market cycle.
Coincidence? I THINK NOT!
Get on the gravy train now! Next stop $300k motherfucker!
BTC Friday set up the TGIF Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen.
If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift to the upside and confirmations like higher highs or significant moves around the London session at 3AM New York local time.
If we see displacement to the upside during the London session, that’s a strong indicator. If not, I’ll be looking for similar signs during the NY-AM session.
When this setup engages, it tends to be a high-probability trade.
What are your thoughts on this potential move?
#BTC #Bitcoin #CryptoMarket #TradingIdeas #MarketAnalysis #PriceAction #CryptoTalk #LondonSession #NYSession #TradeSmart #BTCTraders
What Traders and Rock Climbers Have in Common!This post is inspired by @TradingView's rebranding in 2021 and the recent Leap competition.
At first glance, trading and rock climbing might seem worlds apart. One involves analyzing market trends, while the other requires physical strength and agility.
However, both pursuits share surprising similarities, highlighting unique skills and mindsets.
Here’s a look at what traders and rock climbers have in common.
⚙️ Risk Management: Both traders and rock climbers excel at managing risk. Traders use strategies like stop-loss orders and portfolio diversification to protect their capital.
Rock climbers assess risks, use safety equipment, and plan routes to avoid danger. Effective risk management is crucial in both fields to prevent catastrophic outcomes.
💡Mental Toughness: Traders face market fluctuations and must make quick decisions under pressure.
Rock climbers need to stay focused and composed while navigating challenging routes. Both activities demand mental resilience to overcome fear, maintain focus, and make calculated decisions.
📊 Strategic Planning: Success in trading and rock climbing involves strategic planning.
Traders develop strategies based on market analysis and economic indicators, while rock climbers meticulously plan their ascents, studying routes and assessing conditions. Strategic planning helps achieve goals efficiently in both areas.
⚖️ Adaptability: Adaptability is key for both traders and rock climbers. Market conditions can change rapidly, requiring traders to adjust their strategies.
Rock climbers face changing conditions like weather and rock quality, adapting their techniques to overcome obstacles and reach their objectives.
📜 Continuous Learning: Both traders and rock climbers are committed to continuous learning.
Traders stay updated on market trends and new tools, while rock climbers seek to improve their skills and stay informed about gear and safety practices. The pursuit of knowledge drives success in both fields.
🧘♂️ Focus on Execution: Execution is crucial in trading and rock climbing. Traders need precision, timing, and discipline to execute trades effectively.
Rock climbers must execute their moves with precision and confidence to progress safely. The ability to execute under pressure is essential for success in both activities.
🔄Passion and Commitment: Passion and commitment are integral to both trading and rock climbing.
Traders have a deep interest in financial markets, while rock climbers are driven by their love for the sport and adventure. This passion fuels their dedication, driving them to invest time and effort into their pursuits.
🧗♀️ Conclusion: Despite their apparent differences, trading and rock climbing share many commonalities.
Both require effective risk management, mental toughness, strategic planning, adaptability, continuous learning, focus on execution, and a deep-seated passion.
Recognizing these parallels can provide valuable insights and inspiration for those engaged in either pursuit, highlighting the universal qualities that drive success in diverse fields.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
COTI - Zone UPHello. Today we are looking at COTI cryptocurrencies. Recently we saw a strong upward move, which was caused by fundamental information. At this point, we can see a clear corrective structure with a clear entry zone. The entry condition is the breakout of the low of wave A and low RSI on the H4-D1 intervals. We should look for a candle formation in the zone. The target for this trade will be a new top. This is a SPOT and leverage zone.
Digibyte has hit the first to 2 targets onto the next 2!Digibyte is finally awakening from hibernation. As ong as it maintains the teal neckline as support we will hit the dotted green measured move lines target and the dotted teal measured move line’s target in the very near future. *not financial dvice*
TASI to target 13930Weekly chart, the Saudi TASI index has formed a chart pattern W and V, then the target is 13930
Expected time frame 3rd Q 2024
Technical indicator MACD is positive; RSI is near over-bought zone.
For the long term, monthly chart, there is a probable target at 18100
Good Luck for the Saudi Market :)
$UP Medium Long-Term OutlookWheels Up Experience A (NYSE: NYSE:UP ) has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development.
NYSE:UP is trading near the bottom of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price lower, but the stock has started to lose downward momentum. This is a positive sign for the stock's future value.
NYSE:UP is between support at dollar 2.40 and resistance at dollar 4.00. A definitive break through of one of these levels predicts the new direction.
COSG to rebound to 0.280, then 0.30530-min chart, COSG should rebound to the resistance line at 0.280, as the last hammer candlestick tells.
Crossing the resistance, the target will be 0.305, extending to 0.325
The dotted RED line should be considered for stop loss (below 0.255) for this time frame.
SPX Dead Cat Bounce ?SPX Higher for Longer?
Dead-Cat Bounce?
Just the Christmas Rally?
Could be a number of things
With FED Liquidity increasing and quantitative easing in the US,
this may be sustained
OR
the 'soft landing' theme that has been thrown around for weeks can just be a good big dose of hopeium
In the realm of seasonality, SPX doesn't perform overly well during the first months of the year, so it is more than likely that once Dec. is over, higher prices wont be pushed day over day.
ATH's ?
So according to me, longer over a short-time horizon but neutral / down on a medium / longer tf.