Right now, we're analyzing the 2-hour timeframe for BTCUSD, and the red zone on the chart is our selling area, where we expect the price to drop further. Wait for confirmation and execute the trade only after that confirmation. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. #BTCUSD 2H Technical Analyze Expected Move.
In the meanwhile why not take easy money on perfect morning triangle shape paired with charting setup of previous day and confirmed by lower low and double bottom stabilization. Too many points confirming the same thing to miss out on. Alerted it live in TradingView chatroom, hope you profited on it ? $121.50+ break was the trigger for a buy, it continued uptrending into market close $129. Total $7.50 per share or +6% We'll see what kind of setup develops tomorrow.
Tuesday played out exactly as expected, with the daily timeframe retracing inside of the previous days trading range. Previous sellside liquidity pool was tagged but a failure to close below the red line gives me the indication that we could see a continuation to the upside, attacking the new week opening gap for this week. Looking forward to FOMC Wednesday as there is a lot of volatility on offer!
No comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Expecting massive crash on Japanese NIKKEI 225 in the long term view. The crash we saw on August 2024 was just initial signs of aggressive selling that will happen. It will likely form harmonics pattern in the process.
Hello traders FOMC is bearing down on us and this is not the time to be a deer, frozen in the headlights. I am rolling with the market movements, despite the long term bearish trend. I closed out my short positions (1.0426 and 1.0515) this morning for a total of +101 pips. I have used multiple time frames to illustrate the technical and price action side. The most important part of my decision to go long, was that the 4h low at 1.0411 that kicked off the rise to 1.0535 was respected. That was followed by the start of an ascending wedge. And of course the two daily closes(1/20 and 1/23) at 1.0415 were respected. On the negative side, there is a perfect evening star on the daily chart. However the nascent reversal can not be ignored. Fundamentally the USD data was disappointing this morning. Durable goods MoM weakened more. Consumer confidence dropped from 109.5 to 104.1. The rate outlook points to no cut tomorrow and a 32% chance of a cut in March. MEDIA: Please attribute rate probabilities used in your reporting to “CME FedWatch.” My stop is below 1.0390. Targets? Daily highs at 1.0458, 1.0534 and 1.0629. Downside, anything is possible down to parity or lower. Once again, market movements will be determined by Chair Powell and Ms. Christine Lagarde's statements at the press conferences. Get the popcorn ready. Best of luck all.
—Bitcoin's All-Time High in 2017 was $20,000. $20,000 X 1.618 = 32,360 $32,360 + $20,000 = $52,360 $52,360 + Inflation = ~$64,000. —Bitcoin's All-Time High in April was $64,000. $64,000 X 1.618 = 103552 $103,552 + $64,000 = $167,552 $167,552 + Inflation = ~$190,000. (1) Bitcoin's All-Time High standard potential in 2025 based on previous cycles stands around $190,000. (2) Bitcoin's All-Time High potential in 2025 based on the March 2024 high price and the August 2024 low, stands at either $138,004 and $162,554. Notice that $162,554 is very close to the $167,552 based on previous cycles. This is a strong level. We would still need to add inflation which would give us a minimum of $160,000+ (190,000 to 220,000). Questions: —Why would Bitcoin not grow beyond $250,000 if we have favorable market conditions? —Why not $500,000 and beyond now that the USA has a Cryptocurrency friendly government? The truth is that reality can be deceiving. When things are bad, the market tends to grow. When things are good, the market tends to grow but more controlled. Imagine what would happen if an exchange like Binance gets shutdown in the year 2025. This would mark the end of the bull-market and produce a major long-term correction or bear-market. Imagine what would happen if laws are passed that demand a bunch of taxes on everything Crypto, this would make people sell fast and strong and this would signal the end of the bull-market, the bull-market that will develop within months. Market conditions can be great. Market conditions can improve and continue to improve, but the cycles always remain. The market tends to fluctuate between bears and bulls. At one point, it was really hard to see the market going up. Just think of mid- to late 2022, how bad was the sentiment in those days? Regardless of the sentiment and market conditions, the whales started to buy and now Bitcoin is trading above $100K. The same is true in reverse. Consider how good and exciting will be the market conditions in several months. Still, people, corporations, whales, exchanges and institutions will take profits at some point, and the cycle repeats. The cycles will continue to unravel. The market never moves straight down nor forever down. The market never moves straight up nor forever up. It cycles through night and day, green and red, bear and bull, positive and negative, the moon and the sun. Good and bad, pain and pleasure. Hate and love. This bull-market is going to be great, but remember, you cannot win if you don't take profits. The way to maximize profits is to plan ahead. Set some targets, set some goals and stick to them. Has Bitcoin ever grown straight up in past cycles? Has Bitcoin crashed forever down in previous bear-markets? No! It continues to fluctuate and it will continue to do so. Only after decades of growth will the market stabilize, and once this happen, we can focus on the section of the market that becomes more volatile while Bitcoin works as a store of value and to measure the value of everything else. Cryptocurrency is the new standard. Bitcoin is the new Gold. You can produce an endless amount of money by decree (fiat). If you want to produce Bitcoin, you have to spend energy. That's the definition of hard-money. Real-money. This technology is a blessing. This technology is great for the type of society we have today. Bitcoin is only the start. We will continue to innovate. Only 25 days left before the start of the next bull-market bullish wave. This will be the start and it won't stop until the end. Are you ready for growth? I hope you are ready... You've been warned. Namaste.
Head and shoulders pattern is forming on gold, which is might indicate an incoming fall in gold price...nothing is certain though
Following on from the last idea I published, it looks GU is bullish and breaking the trendline. Here you would have to wait for a close above the trendline before entering. If it doesn't close above the trendline, it's not a valid entry. However, this is a slightly riskier trade so keep that in mind.
Friends, please look at the base trend line coming from the beginning. It also shows that the support value will be 0.26 Dollar around in THESE DAYS (18-40 Days). Besides that targets are on the chart according to the parallel speed and resistance lines going upward. Supports are too, on the chart. Let's see how such a name changing absurd will result. If I were FTM Project- lab owners, I had preferred ''Fantom'' as a name instead SONİC and wouldn't change.