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V-pattern

Bitcoin's Inverse Head & Shoulders Playing Out As ForecastedFive weeks ago I made my first analysis on this pattern where I argued that the dotted purple support was my ideal target for an inverse H&S reversal pattern. Once we were there it was a moment of truth for the bulls. My initial trade had a stop that was too tight. Nevertheless the overall idea was a success since we've now successfully reversed from my purple support area. The daily RSI hitting oversold for the first time in almost a year was a great entry signal for crypto as a whole. I'm expecting the bullish trend to continue at least for the next few weeks towards the top resistance (neckline) of the H&S. Keep in mind, the inverse H&S is not completed yet. Once we hit the neckline (and ideally break through it) we can see a new all-time high coming soon. Are you bullish or bearish? Share your thoughts.
Long
by FieryTrading
12
Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years. Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart. These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk. A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
Long
by FieryTrading
2
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider. In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top. In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough! If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched. Are you bullish on DOGE? Share your thoughts.
CRYPTO:DOGEUSDLong
by FieryTrading
3
VET - Falling wedge - Waiting on Breakout#VET/USDT #Analysis Description --------------------------------------------------------------- + VET has formed a clear wedge pattern, and a breakout seems imminent. + If the price breaks out from this falling wedge pattern, we can expect a significant price increase. + I'll enter a trade after the breakout occurs. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.03653 Stop Loss: 0.02987 ------------------------------ Target 1: 0.03959 Target 2: 0.04374 Target 3: 0.04893 Target 4: 0.05911 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
Bitcoin In DANGER: Back to $20,000?Preface: I don't think that going back to $20k is the most likely scenario at this point in time. However, it's valuable to discuss different potential outcomes in an every-changing market. If you disagree and only want to look at one potential outcome it's up to you. In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with a similar title where I discussed the fact that the yellow logarithmic price band has historically proven to be a very strong resistance. For example, last cycle's mid-cycle pump (summer 2019) found resistance on exactly the same area. Same can be said for 2013. Both reversals from the yellow bands resulted in a >70% dump (high to low). A 70% dump would mean that BTC will go back to (roughly) 20k. It's too early to say whether this analysis is correct, but I can imagine a world where this is possible. Compared to previous cycles, we went up too much and too fast with all the ETF news. A deep correction might be needed to get to the elusive 100k. Happy to hear your thoughts in the comments 🙏
INDEX:BTCUSDShort
by FieryTrading
33
ARBITRUM Triple Bullish Signal!Arbitrum has seen a significant drop in value over the last few weeks, just like most other alts. Since ARB is one of the newer alts on Binance, it has an above average growth path ahead of it. Today I found 3 different "indicators" signaling a potential long-term bottom is in: - Daily RSI has hit oversold - Dotted purple support has held - Bullish divergence on the daily RSI A single indicator would be tricky to trade, but since all 3 are showing that this might be a great entry for a reversal I'm willing to take the bet. Stop below the support, target around the current all-time highs.
Long
by FieryTrading
2
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below. And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer. As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$. Happy to hear your thoughts
Long
by FieryTrading
10
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets. Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July. You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading. Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades. But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024. Learn how my specialized research can help you. Learn the Mechanics of Trading. Let's go get'em.
AMEX:SPYLong
by BradMatheny
BTC - Continued Analysis - M-Pattern DANGERContinuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads to quite a significant drop. The good news, though, is that this is all part of a healthy correction - as long as we hold THIS key zone identified inthe video, we are still well within a bullish market. Previous update here, where we first spoke about the potential risk of the M-Pattern: _____________________________ BINANCE:BTCUSDT
by CryptoCheck-
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward movement. Target Price: The target price can be estimated based on the height of the rectangle. Stop-Loss: Set a stop-loss just below the support level to manage risk. Fundamental Overview: Revenue (TTM): $846.97M Net Income: -$108.14M Total Debt: $593.83M Current Ratio: 1.00 Conclusion: The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures. Investment Note: Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CDELong
by rebenga93
Bitcoin's Best Worst-Case ScenarioPreface: BTC's long-term trend is till bullish, so most likely scenario at this point is a continuation of the trend. Still, it's important to consider different views. Bitcoin has been trading within the 70k-60k area for the better part of three months at this point. This came after making a (minor) new all-time high. This is the first all-time high that occured before the halving, so rather special. Worst-case scenario for the bulls would be that we lose the long-term uptrend. Best worst-case would be a strong reversal from the bottom support. This support has been holding for >5 years, so I'd assume that a lot of buyers will be waiting around the support. If we extrapolate history, Bitcoin should top out somewhere in Q4-2025. A move towards the support during the next few months and then a year of straight bull would fit this view. More info on how I came to Q4-2025 here: Do you think Bitcoin is going to make a new all-time high soon? New bear market? Share your thoughts.
Short
by FieryTrading
2
Bitcoin Potentially Forming An Inverse Head & Shoulders: Dump?After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like. If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern. Keep in mind that BTC going down to 60k is (in my eyes) less likely than making a new all-time high soon. The pattern has yet to be confirmed. However, if we go down you are prepared.
Short
by FieryTrading
15