The weekly on btcusd.5 weekly sessions have passed since the ATH, if this was a correction we could see an increase in volatility and perhaps even violent bursts, aimed at eliminating as many small fish as possible from the market. This area around 69k usd is a very important resistance, having been a high that lasted 3 years, it will not be easy to break it, something would be needed to move the market, an important news or rumor, usually you never know what it is it was what made the price move, only in hindsight can certain reasoning be made, so don't rely on the news. There was the halving of the block premium (the famous Halving) which was already discounted by the market being a periodic and well-known event, of course now mathematics could come to the aid of the bulls with less BTC put into circulation, we could also witness increases as many hope, but it is better to keep our guard up. If you bought, all you have to do is update your stops/takes, if you want to get in and wait for a drop, I wouldn't want to be in your shoes right now. Of course, if a black swan were to arrive it would be a good thing for those who are short or those who want to buy, but I repeat, we have been following an upward strategy for more than a year, since November 10, 2022 to be exact, so even if it is not easy to predict what will happen, the underlying trend is clear and until we have proof to the contrary, the logical thing is to follow the rise.
Athbreakout
The Super Bullish Gold Bullion :) :) :)Back on Aug 30, we had indicated that Gold is turning to Bullish mode and 1st target is 2280. Today Gold made a new ATH of 2265 - just kissing distance from 1st Target
Have a look at the monthly chart. Look at the Volume Build up over the past 3-4 years. Cup and Handle BO also confirmed on Monthly
Next targets are 2280, 2550, 3015
Over the weekend, Gold price shot up over Rs. 100 / gm in India, This is not going to be the end. This is just the beginning.
Also remember, Market is making new ATH, Gold is making new ATH. How ??? All these years, Gold and Market had Inverse proportion. When market crashes, Gold rises and vice-versa, but is it still the truth ???
This is the time to let go of Old-school thought process and accept the changing reality. With the introduction of Crypto market the Relationship between Gold and Equity Market was long broken. So, give up your bias and learn to ride the tide irrespective of its side
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Solana (SOL) Technical Analysis - March 24, 2024Solana Eyes Resistance Breakout - Will Bulls Charge Towards All-Time Highs?
What is Solana (SOL)?
Launched in 2020, Solana is a high-performance blockchain platform designed to address scalability issues plaguing some older blockchains like Ethereum. Solana boasts fast transaction speeds and low fees, making it a viable platform for decentralized applications (dApps) and the development of Web3 technologies. SOL is the native cryptocurrency of the Solana blockchain and serves several purposes:
Transaction fees: Users pay SOL to interact with the Solana network and execute transactions.
Staking: SOL holders can stake their tokens to earn rewards and contribute to the security of the network.
Governance: SOL holders have voting rights on proposals that shape the future of the Solana ecosystem.
Solana's History and Price Performance:
Developed by Anatoly Yakovenko, Solana gained significant traction in 2021 due to its focus on scalability and its position as a potential "Ethereum killer." The price of SOL skyrocketed from around $5 in early 2021 to an all-time high of $259.90 in September 2021. Since then, the market has undergone correction, but SOL remains a prominent player in the cryptocurrency space.
Solana (SOL) Analysis
Following a strong rally, Solana is currently undergoing a corrective phase. After more than doubling in price in under a month, SOL is consolidating its gains.
Key Technical Levels:
Resistance: $191.77 (critical breakout level), $208.69 (next resistance)
Support: $154.44 (current support), $140.00, $125.55
All-Time High (ATH): $259.90 (reached in September 2021)
All-Time Low (ATL): $0.50 (reached in April 2020)
Solana's Climb and Potential Breakout:
SOL faces a significant resistance barrier at $191.77. A decisive break above this level could trigger a strong upswing towards the all-time high of $259.90. Conversely, failure to breach this resistance might lead to a pullback towards the support zone around $140.00.
Similar Coins to Consider:
Cardano (ADA): Another smart contracts platform focused on scalability.
Polkadot (DOT): A blockchain protocol facilitating communication between different blockchains.
Avalanche (AVAX): A high-throughput smart contracts platform like Solana.
Conclusion:
Solana is at a crossroads. A successful breakout above $191.77 could reignite the bullish momentum and propel SOL towards its record highs. However, a rejection at this level indicates a potential decline.
Important Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and employ proper risk management strategies before trading any cryptocurrency.
Volatility Warning:
The cryptocurrency market is inherently volatile. The price of Solana can fluctuate significantly in a short period.
BTC UPDATE April - last train tickets at a good price ! :) Historically, after exceeding its ATH, BTC made a small and healthy correction for market in which short-term investors sold out - this correction always fluctuated around 17%-18%. BTC has made such a correction and, according to analysis of previous movements, it is currently ready for a quick and impulsive increase of up to approximately 58%, which can bring it to a value of approximately $108,000 - $116,000 . After achieving this result, which may occur within next month and will coincide with Halving Day, I expect a larger correction. (SELL THE NEWS). We will reach psychological $100,000 on BTC, street investors will enter the market on FOMO, thus doubling the price in the area I mentioned above and there will be a larger price correction of about 30-40%.
Good Luck my friend's & Let's change world for better :)
BITCOIN - WE ARE HERE!!for weekly chart we wll compare 2017 bull run scenario with what happening now.
🔸 lets start with 2015 -2017 scenario:
btc make ATH...declined...accumulated ... making equal highs And HIGHER HIGHS.
🔸 Can notice the same thing in 2023 -2025
btc make ATH...declined...accumulated ... making equal highs And HIGHER HIGHS.
it's not coincidence ... the history simply repeats itself
according to this data u can see where we are on the chart!
Dont forget to support us wiyh ur like, comment and follow for more updates🎯
Stellar XLM The biggest Moon 14.00 +XLM BULL PENANT/FLAG
This is just and idea. Why so stagnant? For years after years in regards to new ATH?! Because the pole upwards is coming!
XLM has been working and building in the background. Lately with the new Soroban contracts phasing out. XLM is becoming a Real World Assets commodity. The project and foundation has kept an ear to the damn US government in regards to compliance and regulation. In price action terms XLM is considered dead because it’s brewing up ready to blow off.
Don’t be deterred nor discouraged. I believe we are in a super cycle. If the pole breaks upwards and you held, though you may have traded the last bull run. You have to hold XLM’s bottoms on the pennant/flag.
The highest hopium is the highest risk. If it pays off, you’re rich.
Bitcoin Hits $72,000- A New All-Time High Bitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, continues its meteoric rise, reaching a new all-time high of over $72,000, fueling market excitement and institutional confidence. The latest surge comes on the heels of a staggering $2.6 billion weekly inflow into Bitcoin ( CRYPTOCAP:BTC ), reflecting growing interest from Wall Street and bolstering optimism within the cryptocurrency market.
Institutional Influx Signals Market Confidence
The recent CoinShares report reveals a remarkable milestone in cryptocurrency, with a record-breaking $2.6 billion inflow into Bitcoin ( CRYPTOCAP:BTC ) investment products. This influx underscores the increasing confidence among institutional investors, highlighting Bitcoin's growing stature as a legitimate asset class.
Wall Street Embraces Bitcoin
The surge in Bitcoin's inflows is indicative of Wall Street's evolving interest in digital assets. Despite recent price surges, investors continue to pour funds into Bitcoin, with U.S. Spot Bitcoin issuers witnessing robust inflows. This institutional embrace of Bitcoin signals a significant shift in the traditional financial landscape, as more institutional players recognize the value and potential of cryptocurrencies.
Diversification Beyond Bitcoin
While Bitcoin ( CRYPTOCAP:BTC ) remains the focal point for investors, other cryptocurrencies are also experiencing notable inflows. Solana, Polkadot, Fantom, Chainlink, and Uniswap are among the digital assets seeing increased interest, signaling a broader diversification trend within the market.
Regional Trends and Market Dynamics
Regionally, the United States leads the pack in terms of inflows, followed by Switzerland and Brazil. However, profit-taking activities were observed in Canada, Germany, and Switzerland. Overall, the surge in inflows has propelled total assets under management to a record high of $94.4 billion, underscoring the growing investor appetite for digital assets.
Optimism Amidst Market Dynamics
Market analysts remain bullish on Bitcoin's future trajectory, especially with the upcoming Bitcoin ( CRYPTOCAP:BTC ) Halving event. Historical trends suggest post-halving rallies, further bolstering investor sentiment and reinforcing Bitcoin's potential for long-term growth. Additionally, prominent Bitcoin analysts project even higher price targets, citing macroeconomic factors and bullish technical indicators.
Looking Ahead
As Bitcoin ( CRYPTOCAP:BTC ) continues to redefine the financial landscape, the surge in institutional interest and record inflows signal a pivotal moment for the cryptocurrency market. With Bitcoin reaching new heights and investor confidence at an all-time high, the stage is set for further innovation, adoption, and growth within the digital asset space.
BTCUSDT_W_2024_10With the Bitcoin Halving just 36 days away(CMC), the market has witnessed a noteworthy 55% price surge since my previous analysis(W6), defying earlier expectations. During Weeks 9 and 10, Bitcoin's price embarked on a robust uptrend, which was supported by volume.
Currently, Bitcoin is trading just shy of its previous all-time high (ATH), a level that might present formidable resistance. There's potential for selling pressure around these highs as early investors may seek to realize profits. However, recent candlestick formations have not demonstrated significant upper shadows, suggesting that the bullish momentum is holding strong with buyers maintaining market command.
The Relative Strength Index (RSI) has crested the 70 mark, signaling that Bitcoin is in overbought territory. Such readings often lead to price corrections or at least a period of consolidation.
If you are trade this volatility, a good entry point would be an approach would involve waiting for a dip or a spike , offering a better risk-reward ratio. Stop-loss is a must at these times.
Additional Notes:
Macro factors and market news should also be monitored, as they can significantly impact cryptocurrency prices.
Bitcoin Hits New All-Time High Price Above $69,000 😱😱😱😱😱Bitcoin ( CRYPTOCAP:BTC ) today set a new all-time high price above $69,000, as investors and traders rush back into the cryptocurrency market.
The digital asset surged to about $69,324.58, according to price data on Coinbase. That's a 4% 24-hour rise. Over the past 30 days, the asset has soared by more than 58%. Its previous all-time high of $69,044 was set on November 2021, over two years ago.
Since the start of 2023, CRYPTOCAP:BTC is up by more than 300%. Prior to that, and following a brutal bear market, it was trading for less than $17,000 per coin.
The most significant catalyst is the approval and successful launch of 10 spot Bitcoin ETFs. After a decade of denials from the SEC, the tide turned in June of last year when BlackRock—the world's largest asset manager—submitted its own application for a Bitcoin exchange-traded fund.
The renewed interest from big investors and other major Wall Street firms that followed kickstarted a bullish Bitcoin rally, and the asset began to climb back up the price charts.
By the end of the year, Bitcoin ( CRYPTOCAP:BTC ) was trading comfortably above $42,000.
When the Securities and Exchange Commission finally approved Bitcoin ETFs in January, the price of Bitcoin got a modest bump, but then dipped as crypto traders appeared to "sell the news" and took their profits. Since late January, however, the price of Bitcoin ( CRYPTOCAP:BTC ) has skyrocketed as interest in ETF products increased and retail investors came back into the fold.
AGIX CUP AND HANDLE: UPCOMING BEARISH MOVE OR ANOTHER ATH HIT?The main headline of the price movement for BINANCE:AGIXUSDT is reaching its all-time high several days ago. Forming an inverse cup and handle pattern (or a head and shoulders), citing a possible bearish move for AGIX. But could it happen or will there be another all-time high for the coin as well as price and trendlines to watch out for in my full technical analysis on this idea thread below. Stay tuned and happy trading :)
For more info related on AGIX: www.ccn.com
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide.
February's Fantastic Performance:
Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory.
Surpassing Expectations:
Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone.
Challenges and Opportunities:
However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA.
Looking Ahead:
As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance.
Why It Matters:
Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years.
In Conclusion:
Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
NQ Power Range Report with FIB Ext - 3/1/2024 SessionCME_MINI:NQH2024
- PR High: 18082.50
- PR Low: 18044.75
- NZ Spread: 84.25
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Knocking on door of ATHs
- First day of month on a Friday
- Above week highs
- Previous attempt to push ATHs failed same day
- Should have more excitement for ATH break
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 233.32
- Volume: 32K
- Open Int: 294K
- Trend Grade: Bull
- From BA ATH: -0.01% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
First ATH BREAKOUT Before Halving ?? Bitcoin Halving: What It Is and Why It Matters
Bitcoin halving is an event that occurs every 210,000 blocks (approximately every 4 years) where the block reward for mining Bitcoin is cut in half. This is programmed into the Bitcoin protocol and has a significant impact on the BTC price.
Why Halving Leads to Growth
Reduced Supply: Halving cuts the number of new Bitcoins created each day in half. This can lead to scarcity, as demand for BTC remains constant or increases.
Increased Value: The decrease in supply can lead to an increase in the value of Bitcoin, as it becomes more difficult to mine.
Psychological Factor: Halving is an anticipated event that can generate excitement about Bitcoin and lead to increased investment.
History of Bitcoin Halvings:
2012: The first Bitcoin halving occurred on November 28, 2012. At that time, the block reward was 50 BTC, and after the halving, it decreased to 25 BTC.
2016: The second Bitcoin halving occurred on July 9, 2016. The block reward decreased from 25 BTC to 12.5 BTC.
2020: The third Bitcoin halving occurred on May 11, 2020. The block reward decreased from 12.5 BTC to 6.25 BTC.
Impact of Halvings on Bitcoin Price:
After each Bitcoin halving, the BTC price has experienced significant growth.
2012: After the 2012 halving, the BTC price grew from $12 to $1150 over 18 months.
2016: After the 2016 halving, the BTC price grew from $650 to $20,000 over 18 months.
2020: After the 2020 halving, the BTC price grew from $9,000 to $64,000 over 12 months.
Expectations for the 2024 Halving:
The next Bitcoin halving is expected to occur in April 2024. This time around, expectations are somewhat different, as:
Bull Market: Unlike previous halvings, the BTC price is already in a bull market.
Institutional Interest: There is significant institutional interest in Bitcoin now, which could lead to even greater growth after the halving.
Will ATH Be Breached Before the Halving?
While halving has historically always led to new ATHs, this time the probability is somewhat higher.
Bullish Trend: The market is already in a bull trend, which is favorable for further growth.
Institutional Interest: Growing institutional interest could stimulate demand for BTC.
However, it is important to remember that the cryptocurrency market is volatile and unpredictable. It is impossible to predict with 100% certainty that the BTC price will break ATH before the halving.
It is important to conduct your own research and only invest what you can afford to lose.
Zomato the Tomato - now looks like Half-cut Onion :)Zomato right from its IPO was always on the Lime-light for both Positive & Negative reasons till-date. Many were apprehensive of Zomato's success given the enormous amount of Debt the company carried during its IPO & Post-IPO days
Not Surprisingly, after a brief Upmove right after IPO, the Price started falling so sharply and badly that it became one of the most Trending Memes on Social Media that Zomato price is Less than a Tomato
With the recent Strategic changes brought in by the management and coverage of most of its Debt, Zomato has not shown strong signs of a Bullish Reversal and also hints of becoming a Multi-bagger stock
On the Technical Front - Zomato formed Multiple Concentric Rounding Bottom Patterns right from 120 level to 160 (CMP 161). Each Rounding Bottom Pattern slightly bigger than its predecessor resulting in incremental increase in Targets.
With so many concentric circles (Rounding Bottoms) - Zomato Chart now Looks like a Peeled Onion :) :) :)
Technicals:
At CMP (161) - Zomato is has completed one of the Earlier targets set and also on the Verge of its Last and Largest Rounding Bottom Pattern.
A Strong BO above 161 WCB will take the stock to 185, 245, 280 (Almost 2x from here)
Note: Our Recommendation and Entry was approx. 103 levels and we are already at 55% Profits and target of 280 is approx 2.7x from Recommendation :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered
Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Kaspa (KAS): In great spirits!Kaspa is in great spirits, with a run of over +40% in 5 days, and is now just a step away from its closing ATH!
Does it need a breather, or will it break all the way up?
Being rejected by the ATH should bring the price back towards $0.123 in the first instance, on the support indicated by our Pivot Identifier . But if we get a daily close above $0.145, then Kaspa could mark a new ATH.
To find a target, we've plotted Fibonacci extensions of the last big move. Why not go for 1.618 in the medium term, towards $0.21!
In the short term, a small retracement seems probable, as many indicators are currently overheating, as shown in our Ultimatyx Screener table.
NQ Power Range Report with FIB Ext - 1/24/2024 SessionCME_MINI:NQH2024
- PR High: 17578.25
- PR Low: 17551.50
- NZ Spread: 59.75
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:30 | Crude Oil Inventories
Continuing to push the highs
- Break above prev 2 session highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 215.78
- Volume: 23K
- Open Int: 288K
- Trend Grade: Bull
- From BA ATH: -0.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
hpallook at chart and each points is discrete.
yeaster sesion volume high at ever in stock
volume give boost stock at high level
and this volume absorbs that sentimental resistance of 100
but around 20% rally in yesterday's session was risky in trading
stock must sustain above eserady high
Thank you for trading this confirmation for the stock move above
no recommendation for buy and sell