══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
We almost had the first part (you can take a look at the blue arrow on the 3rd of January), and it indeed reached the exact price we wanted it to (red dotted line) However it has come back up since then, which shows that there's still a high buying volume for this asset. But at some point, it is to come down and break the first red to reach the second lower red. We made two possibilities for you to get the scheme.
Bitcoin USD prediction: We had a fake-out to 89k, a mini one, but it could be enough for continuation. I'm letting it print some more price action before making new moves. Either way, I'm still convinced this consolidation at 98k with a possibility of retrace around 96K to produce highlows can attract more bullish people while we continue to reset FGM (fear greed meter) including RSI as leading indicator recently for protail and retail traders and investors. This is my final and last prediction! I will make sure this will stay permanent and I will be brave in making these predictions. To support these predictions let's look from a zoom out cycle view, it’s still fine a -17% to -20% dips are expected in a bull market. This is basic and the worst was more than -35% to -40% crashes at the middle of every BTC.d down and BTC price up. The bullish market structure is also intact. It still looks like the first consolidation after the first impulsive leg after breaking above the range high, which is the usual way the markets move. I said this during live that this is going to be the smartest thing you will do in order to really enter the alts you want to bag or DCA since most of you guys worry about being fearful rather than taking action. Please watch my videos here;
Here is another one and this is pretty interesting. The potential for this one is off the chart. Lithium (LITHUSDT) produced a bullish wave between October 2023 and March 2024 that amounted to 2,147% total growth. We've seen this before. This is really good growth and is equal to more than 22X. In late 2024, between October and December, a small bullish breakout was enough to produce a 961% bullish move. This is how this pair moves. If this is possible preceding a bull-market, what will happen within a bull-market? What's the potential in 2025? Well, we can see an easy target of 1,162% for this pair in the intermediate term. There is more. A strong target can reach a 3,131% potential, which is beyond 32X. And it can go even higher... Here we have 5,000% and even a 7,000% target without considering a new ATH in 2025. Now, these levels might hit or miss, but the potential is big. This pair is available on several major exchanges but these are only a few. What happens when it gets added to all the remaining ones? What happens when Crypto enters the euphoria phase? Are you ready for ultra-awesome? I hope you are... Thanks a lot for your continued trust. Namaste.
Sentiments are high yet needs to find a new balance. Continuing 1:3 based on 1h engulfing resistance with ADX for entry confirmation
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
Low RSI + two consecutive accumulation areas means EURUSD going up ; however the question is after this small rally, what s happening ? That s the 1000$ question, the two yellow lines you see on the chart show that none of these schemes is more likely than the other one, we simply have no idea for now. We'll have to wait for new elements and KL to determine that.
Based on technical factors there is a Sell position in : ? BTCUSDT ? Sell Now ?Stop loss 101100.00 ?Target 94750.00 ? R/R 2 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
SOL On 50% Fibonacci retracement Buy limit @ 201 SL 198 Target 224
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════