W pattern + Fibo prediction as per chart on Daily timeframe.Base on technical analysis it would become to turn Bullish Factor.
NEW UPDATE OF BTCUSD 1H Hey Everyone Great Start to the new Year with the new chart ? of BTCUSD BTCUSD is according to my analysis first touch 1 time to sport (91,649.38) and second touch 1 time resistance (95,879.11) but now BTCUSD is break the resistance (95,879.11) and hit my target ? easily Entry point 93,371.13 Target ? 97,521.24 Stop ? Lose 91,828 Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Bitcoin mining companies have not taken off yet as many suspected, although many look bullish. However, the cost of mining a Bitcoin has gone up to roughly 90k, possibly explaining why Bitcoin miners haven’t gone up in value.
next idea to go short in this cripto, good luck and too this is the last of the year, like and follow
Clear as day Loaded up 585P 1/17s between 330-4p today. (Should've/Could've legged in early yesterday in 590s as that gap proved to be solid resistance aka hindsight 2020 #Notebook) DESCENDING TRIANGLE BOOM Investopedia link; https://www.investopedia.com/terms/d/descendingtriangle.asp BOOOOOOM Wizard status?! SSSSSSSSSSOOOOOOOOOOOOON
(Market Context) Gold initially formed a downward parallel channel, indicating a bearish trend. However, it recently broke through the upper trend line of the channel, suggesting a potential trend reversal. (Reversal and Double Top Pattern) After breaking through the trend line, Gold rallied upwards but has since experienced a reversal from the previous higher high. This reversal has formed a potential Double Top pattern, indicating a possible trend reversal back to the downside. Trade Setup: Entry Zone: 2623_2626 Stop loss: 2631 TP1= 2618 TP2= 2612 TP3= 2606 TP4= 2600 Follow my professional profile for Getting More Analysis.
Following on the same analysis from early December; we see the Pound come under increasing pressure given the disappointing data and economic situation in the UK - inflation remains elevated; unemployment is increasing after the new budget and taxes and growth has trickled down to a humongous 0% - there are reports from retailers and shops that even the sales in the lead up to Christmas were very weak so heavy discounts may come in January to try and spur some spending. We are unlikely to get any majorly positive data and should the BoE be forced into cutting rates in February by more than expected, this support level of 1.25 wont hold and we may get a free fall. However, a pullback may be expected near term given how far this has been sold. I will short the Pound should the support get broken clearly given this 1.25 level could form triple bottom as per chart. Good luck and Happy New Year everyone! Hope this helps and remember not to rush into any position - no FOMO!
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The price of Bitcoin has had its moment, and contrary to what was previously anticipated, it did not experience the expected decline. Instead, it is now forming a bullish pattern that could indicate a shift in trend. Therefore, we should consider looking for a long entry in the range of 92,000 to 93,500. In the event of any market manipulation, it would be wise to have orders set at 91,000. Additionally, the stop loss should be placed below 90,000. This movement is expected to materialize within a couple of days, so it's important to stay alert for market updates to respond appropriately.
Take a look at the daily chart - the flat top and an upward sloping trendline. You would agree that for the past 4 months, a slow squeeze to the upside has been happening. Price is now also above the 200dma and this gives me a bullish bias. Ideally, price being contained in the upper part of the triangle would be another factor of confluence. Another one or two bounces off the trendline will add more confirmation. The situation will become clearer in the next few days and continued build up to the bullish side will motivate me to go long with 42,400 as target. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros