Have a bag for this price. Good technical view. Just for follow-up. Not a financial advice
One last dip to D then bull market begins Eth
The cryptocurrency CAKE has high potential to reach its previous peak during the altcoin season.
Here on BTCUSD a bullish pennant form indicating price to go up after the line 95732 has broken then the price like to move more and trader should expect to go LONG with profit target of 99378 and 102130. Use money management
The long-term targets are fully shown in the previous post / the price will have the potential to continue its accelerated trend after breaking the fractal 1.077 Ao indicator is in positive phase
I'm sure this analysis is just one of thousands looking at BTC! It is a point of contention to call the top of a bull run, but what I though I would do is point out a few levels which are points of confluence when you use Fib's from the last bull run and the current bull run to analyse price movement. I've used the initial breakout and retest levels (In the green box) as the starting point of the Fib levels from the 2020-2021 and 2023-2024 bull runs. As we can see at present BTC price is at Fib 1.618 (99k) using the Fib over the 2020-2021 bull run. Highlighted in the red box. The next Fib area of confluence is 120k On a momentum note- BTC is at a point where the percentage growth of its second leg up is 103% compared to 277% in the first leg, BTC is showing signs of slowing momentum similar to the 2021 bull run 321% 1st leg vs 125% 2nd leg. We may see a slightly higher high around 105K but to me BTC price movement is showing similar signs of topping out to the 2021-2022 bull run. Does anyone have a technical case for BTC continuing higher? I know on the fundamental side with Trump being elected that there is a bullish case because of the huge pressure that the Crypto space has been under the last 4 years of Democrat Biden Harris party. With deregulation the industry should prosper.
MACD and RSI bearish divergence, volume decreasing, first deviation of a potential TCT distribution
This is right before doge really starts to go ballistic as it has been cycle after cycle. Looks similar to the 21' Fractal.
Gold has been moving slowly in the final two days of this past week due to holiday in US. With an initial 1000 pips drop, it has entered into accumulation phase, which signals heavy selling continuation in the next few days. Both monthly and weekly TF show bearish signal. However, daily candle is still not yet red. I am expecting a initial spike up due to fundamentals in Asia time or even Europe time next Monday followed by heavy drop. Next week's top should be around 2660-2680 area. Let's see what the market will provide us next week. Enjoy weekend to you all!
ASML has biggest volume at range 645 to 665. I posit that until ASML can break 675 we won't see the next level. Given the news that Biden won't levy strict tarrifs on TSMC, this is positive for ASML as well and I think in December we will see ASMl go above 700. Let's wait for the reversal confirmation though.