In this scenario, a neutral triangle will be formed as the E of a higher-degree triangle. If so, we should wait for January then!
no sellers volume at the bottom. its just looks bearish. the last move just to grab liquidity will go up
Bitcoin maintains an upward market structure even after the shakeout. Buyers are aggressively protecting all risk areas that could panic the market. On the daily timeframe, the price is holding steady above the local lows, forming a cascade indicating an uptrend Scenario: Since bitcoin is trading inside the consolidation, we can take it as a fact that the most chaotic movements and traps will be inside the channel. Accordingly, trading is allowed only within the boundaries of such a channel. In our case, there are no signals to break the channel boundary, so we can trade a false breakout. Since the support was tested earlier, the market is currently interested in liquidity beyond the 100K level Idea: I am waiting for a sharp approach to resistance, a false breakout and a fall to support
Everything is bleeding. The world is ending. Facts: 1. Many alts are still up significantly from their yearly lows. 2. Many alts had massive runs and you should have taken some profit. If you take into account principles in trading and technical analysis, you'll allow yourself to remove all the emotion and keep a steady eye on the bigger picture which is what I aim to do here. I'm using basically two tools in this video: 1. Fibonacci - in a reverse fashion, measuring a bear market to determine where the next bul market can go. It worked fairly well for the last bear/bull cycle, so I am applying the same principle for this same bear/bull cycle - giving me a target (conservative) at 1.56T - an aggressive target would be ~1.91T but that is not my primary target. 2. Trend-Based Fibonacci Extension - I measured a few different pivots in the 2023/2024 cycle to determine some upside targets and I kept arriving at 1.48-1.57T as targets for extended moves. Are there targets beyond that? Absolutely. Am I ready to share those now? Not unless I want a repeat of the ridicule I faced for suggesting that BTC would break out of the 60k region just a few weeks back. I’m not here to chase every micro move in crypto. My focus is on the broader bull cycle we’re riding, and my goal is to make the most of it. For those genuinely curious and willing to decode and have a little fun, here’s a ciphered message using the Caesar cipher (shift of 9) to get the ultimate TOTAL3 market cap target: "Mdq wkh pdmru wdujhw lv irxu dqg d kdio wuloolvq grooduv."
Following yesterday's shared analysis, USD/JPY has aligned perfectly with the expected bullish scenario: - 15-Minute Chart Breakdown: - The structure shifted, transitioning from bearish to bullish as the market began forming higher highs and higher lows . - After the structure shift, the price entered a reaccumulation phase , consolidating before the next impulse move. - Indicator Precision: - The WiseOwl Indicator identified a high-probability entry signal at the right moment, during the reaccumulation phase, allowing us to capitalize on the bullish trend. - The trade has shown minimal drawdown and is now trending in profits. - Outlook: As long as the market respects the bullish structure, we anticipate continued momentum to the upside. Key Takeaway: This trade showcases the importance of combining **structure analysis** with precision tools like the WiseOwl Indicator to maximize opportunities in trending markets.
USD/CAD Analysis: Double Top and Rising Wedge Patterns Detected The USD/CAD pair is experiencing a bearish reversal, with two distinct patterns emerging: Key Indicators: - Double Top Pattern: A clear double top formation has been identified, indicating a potential reversal in the upward trend. - Rising Wedge Pattern: A rising wedge pattern has also been detected, suggesting a bearish breakout may occur. Key Levels: - Resistance: 1.45102 - Support: 1.39000 - Target: 1.38000 - Stop Loss: 1.42641 Recommendation: Caution is advised, as a bearish breakout may occur. Consider short-term sell positions or hedging strategies to mitigate potential losses. Best Wishes Tom ?
The pullback back tested the previous local high, giving an entry with risk/rewards of 3.75, 5.5, and 9.5. Nothing fancy here - just a pretty straight forward trade entry
Octa broker celebrates recognition for its trading platform, OctaTrader, winning two industry awards: 'Best Professional Trading Platform' and 'Best Proprietary Platform.'
We’re living through a role-playing game renaissance right now. The last several years have been full of great ones, and 2024 is no different. Everywhere you look the genre is growing, evolving, and dominating. From Japanese-style RPGs to Western-style ones, retro remakes to open-world sequels, there’s never been more…Read more...
Don't call it a comeback. Sony has added a handful of beloved PS2 games to its PlayStation Plus Classic Games Catalog such as those from the Sly Cooper and Jak and Daxter franchises today, December 10.The three games previously announced by Sony are available to players with the most expensive PS Plus Premium subscription. …