Here we have Trump's official memecoin, and we will have to go through many assumptions because the chart is very young. But even this young chart is already revealing some interesting dynamics. Join me in this analysis. For TRUMPUSDT, trading started 18-January. The rise lasted until early the next day and a strong correction followed. We can right away notice very strong buy volume on the rise. After the main drop ends, 21-January, bearish volume is very low. This indicates that the bears are not active on this coin which translates into a bullish signal. The correction already went below the Fib. retracement 0.786 level from part of the bullish wave and the 0.618 level for the entire wave. Again, after the main drop, no selling pressure present. We are already seeing consolidation with a downward bent. Conclusion Trump is very popular and famous right now and a memecoin can react to every development that shows up in the political spheres. Trump making the headlines all days, at all times and with so many supporters, this Altcoin is likely to be strong for a very long time. My first impression when considering the dynamics that would playout on this chart was a 4-years long bull-market. A simple correlation to the 4-years presidential term. As long as Trump is president of the United States, this pair should do great. The second was an opportunity to buy and hold. There are thousands of memecoins, but if people are going to choose one to trade and hold, this is likely to be one of those. These are easy assumptions to make. The chart is in an interesting place. We should see some continuance of the present action followed by a bullish wave. A bullish wave can develop within weeks or days. My idea is bullish. This pair already went through a 65%+ correction within days. A correction is followed by growth. This is only the start of Trump's bull-market, I am sure people will pump this all the way to the moon; they won't care about possibilities, risks, strategies or market dynamics, they will just want to show their support. To do so, just buy and hold. Sellers are going to be losers when it comes to this coin. Prepare for a strong bull-market. Trust! The best is yet to come. You deserve maximum profits in this life. You deserve the best. Enjoy your life to the fullest. It is yours. You are the commander of your own Spirit. You are the ruler of your own Soul. Namaste.
Time to say bye, bye... and let's take a ride to the 109k's.
The head and shoulders pattern is a reversal chart pattern that forms part of price action. Although it might not be easily identifiable, most technical traders find it helpful and effective for predicting potential future price movements. For traders who mainly focus on trading with the trend, this pattern could assist in identifying possible exit points for their positions once the overall trend starts coming to an end. On the other hand, reversal traders could use this pattern to help them look for possible entry points once the pattern has been confirmed. In this article, we’ll cover the head-and-shoulders pattern in detail, discussing certain aspects such as what it indicates regarding price movements, what an inverse head and shoulders pattern is, and some advantages and disadvantages.
WING ~ 1W Analysis #WING In Timeframe 1W this support block continues to be maintained so far. Buy from here if you still have Conviction on this coin with a target of 20%+
This is not financial advice , but I wanted to share my personal take with the XRP community . On the 2W chart, I noticed XRP's Stochastic RSI just bounced off support at the 80 level, which is quite promising. Looking back, we've seen two significant peaks in both the Stochastic RSI and RSI, but remember, I haven't included a third indicator here, so please do your own research. I have sold some (small %) of my XRP as both the RSI and Stochastic RSI are above 80, signaling we're in selling territory for me. I've already taken some profits from XRP and ventured into meme coins, but that's another story. It's crucial to have an exit strategy; otherwise, you might find yourself rich one week and poor the next. XRP's upward movements aren't frequent, so I'm acting quickly, sticking to my plan, and keeping my emotions in check. I've set my sell orders now, have a plan I intend to stick to, and I'm keeping a level head. Remember, this is just my strategy based on what I've analyzed; everyone should do what's best for them. Remember, we are in new territory too.. Dad is back and we are going into the Golden age, but please don't let the New affect your trading strategy. Markets go up and down and right now we are in an uptrend friend.
BEAM ~ 1W Analysis #BEAM If you still have Conviction on this coin,. This is a very good support block for now, buy from here with a target of 20%++
When Technicals talk, I listen. Weakness is starting to show inside of a premium range after an attempt on all-time highs whilst Donald Trump made an announcement on Monday. As somebody who is pro-crypto, such speeches should strengthen the price of Bitcoin but the opposite happened. Smart individuals buy when there is panic in the marketplace and there is plenty of opportunity to dollar cost into BTC below FWB:88K but for the time being, $99k is the price point to keep an eye out for.
TLM ~ 1W Analysis #TLM At Time Frame 1W this is the lowest support block for now. If you still have Conviction on this coin, buy it from here with a target of 20%++
This is an outlook for the week of Jan 27-31st. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices are still moving higher, as investors are moving money from the USD to the equity markets, riding the Trump Pump. We'll see how long the euphoria will last, and how the market responds to a bevy of policy initiatives and executive orders by the US President. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
I'm waiting for some or all of these lows to be taken out before Bitcoin puts in its next leg up. Lots of liquidations sitting below them and liquidity now taken from above 106400. Looking to bid that sweep for the next bullish leg, a daily close below 100k would invalidate this idea.