$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.
In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.
So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.
Stop Loss: At $154.
Targets:
T1: $255.78
T2: $317.92
T3: $399.04
Maximum 5% of the portfolio.
Oscillators
Next Volatility Period: Around November 10
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The first major volatility period ends around November 16.
Accordingly, the key is whether it can rise after receiving support near 68393.48-70148.34 among the important support and resistance areas of 68393.48-71280.01.
Therefore, when support is confirmed in the 68393.48-70148.34 area, it is the time to buy.
-
You can see that the decline is strong because the StochRSI indicator is currently in the oversold zone.
However, we need to focus on finding the right time to buy depending on whether there is support at important support and resistance points.
-
If it rises above 70148.34,
1st: 71280.01
2nd: 72344.74
3rd: New ATH
You can respond depending on whether there is support in the area above.
If it falls below 68393.48, you need to check whether there is support in the area around 65920.71.
-
The next volatility period is around November 10 (November 9-11).
It is recommended not to start trading during the volatility period.
The reason is that the possibility of volatility is high, so the possibility of loss is higher than usual.
Therefore, unless you are scalping or day trading, it is better to start trading by checking the movement at the end of the volatility period and referring to where it is.
------------------------------------------------
If you think about factors other than the chart and think about responses in advance and create a trading strategy, the risk is high.
Therefore, it is important to create a trading strategy based on the movement of the chart without referring to issues or articles other than the chart before trading.
If you come across issues or articles other than charts before making a trading strategy, you may make a wrong trading strategy due to your subjective thoughts.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
KLAY -> KAIA New Start!!!
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
Since the chart was created not long ago, the role of support and resistance points may be weak, so please use it only as a reference.
Changed from KLAY to KAIA.
As it is a new start, the key is whether it can attract investors' attention.
-
(KAIAUSDT 1h chart)
The point of interest is whether it can receive support in the 0.1143-0.1169 range and rise above 0.1232.
If it is supported near 0.1232 and goes up,
1st: 0.1307
2nd: 0.1447
You should check whether it is supported near the 1st and 2nd above.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
$SPY November 5, 2024AMEX:SPY November 5, 2024
15 Minutes.
For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels.
For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels.
Now we have a sideways in box range between 575 to 567.
Bias id down as AMEX:SPY below all moving averages.
The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence.
Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move.
Bias is towards short side.
Is the Finnish Bank OmaSp about to collapse?The charts are suggesting caution. On the above 10-day chart:
1) Double top in price.
2) Regular bearish divergence.
The higher the timeframe you look the more ugly this divergence is.
Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation.
There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were:
1) Strong bond market exposure.
AND
2) Same TA as above.
“OmaSp has been active in the bond market since 2013” says their website. Very true..
Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get:
www.omasp.fi
“Unfortunately the webpage you were looking for can not be found”
Oh dear…
Ww
Type: Trade, short
Risk: <=3%
Timeframe: Candles closing at 19 and under.
10-day Silicon Valley Bank
before
after
10-day Signature Bank
before
after
New Supply Block Active on NAS/NQMassive supply block above the range with buyers trapped above volume profile Point of Control (dashed white line)
The bearish block that got traded through was supposed to give bears a way out as price travelled back into it but they held their positions short meaning none of them really got scared by the rally above that block
We can assume this is an institutional shorting block and they want a better point to long from down below. The weekly stochastic is also sitting above 90 but we have not lost support of the daily 50EMA with daily stochastic around 30 and RSI in a neutral position around 50
There are clear targets in sellside with no bullish imbalance to halt price from dropping until the 19,000 range
Cheers to those who understand these levels 🔑
Check support near 68393.48
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can quickly rise to the 68393.48 area.
The next important support and resistance point is the 65920.71 point.
Therefore, if it continues to fall, we need to check support near 65920.71.
This volatility period is until November 5th, and the next volatility period is around November 10th (November 9th-11th).
-
BW indicator is an indicator that comprehensively evaluates MACD, StochRSI, OBV, and ATR indicators.
Currently, the BW indicator has touched the 50 point.
Therefore, when the BW(50) point is created, you can conduct an aggressive transaction depending on whether there is support near it.
-
StochRSI indicator has completely entered the oversold zone.
In addition, StochRSI EMA appears to have fallen below the 50 point zone.
Accordingly, you need to check where the StochRSI indicator is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.
-
In order to complete the pull back pattern, the uptrend must be maintained.
Therefore, the uptrend of the linear regression channel must be maintained.
To do so, you can see that the price must be maintained around 65920.71 or higher.
-
To summarize the above, in order to maintain and continue the uptrend, the price must be maintained above 68393.48.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start after rising above 29K.
The expected range to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
WTI Wave Analysis 4 November 2024
- WTI reversed from long-term support level 66.75
- Likely to rise to resistance level 75.00
WTI crude oil recently reversed up from the long-term support level 66.75 (which has been reversing the price from the end of 2021), standing near the lower weekly Bollinger Band.
The upward reversal from the support level 66.75 continues the weekly upward impulse wave (3), which also started from the same support level in September.
Given the strength of the support level 66.75, WTI crude oil can be expected to rise to the next resistance level 75.00 (former strong resistance from October).
EURCAD Wave Analysis 4 November 2024
- EURCAD reversed key resistance level 1.5160
- Likely to fall to support level 1.5100
EURCAD currency pair recently reversed down from the key resistance level 1.5160 (which has been steadily reversing the price from the start of August as can be seen below), strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – which marked the end of the previous ACB correction 2.
Given the strength of the resistance level 1.5160 and the overbought daily Stochastic, EURCAD currency pair can be expected to fall to the next support level 1.5100, the former resistance from October.
USD/CAD teeters on bearish reversal brink ahead of US electionBearish reversal patterns generated by USD/CAD on the daily timeframe have enjoyed a decent track record recently, especially following a pronounced bullish trend. That makes today's early price action interesting, with the price reversing hard after closing at fresh 2024 highs on Friday.
As the daily candle has yet to be competed, getting short pre-emptively screens as a low probability setup. But if we do see a bearish engulfing candle print, it will provide a decent short setup heading into US election day, especially if the price bounces a touch from current levels.
To make the trade stack up from a risk-reward perspective, the price would need to break several nearby levels, including the uptrend from October 15 and horizontal support at 1.3869. If they were to fold, 1.3815 is one potential target with 1.3748 and 1.3700 the next after that. A stop-loss order above Friday's high would offer protection against reversal.
Bolstering the case for potential downside, RSI (14) has broken the uptrend it was sitting in after sitting in overbought territory for more than a week, hinting bullish momentum may be starting to turn. While the signal is yet to be confirmed by MACD, that too is looking like it may soon rollover as it moves closer to the signal line.
Good luck!
DS
The point to watch is whether it can rise to around 2555.69
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83.
However, it is currently touching around 2419.83 and rising.
Accordingly, I think the upward momentum may be weak.
Therefore, I think it is better to wait until we see support near 2555.69.
Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69.
Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart.
If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend.
Therefore, it is recommended to buy below 2706.15.
Once the rise begins, it is expected to rise to around 3265.0-3321.30.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale upward trend will begin after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
This volatility period is until November 5th
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
When a new candle is created on the 1W chart, I will explain it in an update.
---------------------------------------
(BTCUSDT 1M chart)
If the BTC price touches around 89K, it is expected that it will never be below 42K again.
-
As the new month begins, the StochRSI indicator is showing an upward turn.
However, since the StochRSI EMA is located around the 50 point, we can see that volatility still remains.
The point to watch is whether the price is maintained above the StErr Line and rises above 71280.01 to challenge the ATH.
The black line without any numbers indicates the upper or lower point of the box section of the HA-HIgh or HA-Low indicator.
The upper or lower point of the box section of the HA-Low and HA-High indicators on the 1M and 1W charts can be used as support and resistance points when trading.
-
(1D chart)
While falling below 68393.48, it is touching the entire MS-Signal indicator and showing an upward trend.
Accordingly, it is thought that the possibility of support in the 68393.48-70148.34 section has increased.
Therefore, if support is confirmed in the 68393.48-70148.34 section, it is a time to buy.
As I mentioned in the previous idea, the pull back pattern is a pattern that can be recognized when it is completed.
Therefore, it is quite difficult to buy at the bottom of the pull back pattern.
That is why, when the decline begins after the rise, you have no choice but to check the importance of the support and resistance points drawn on the 1M, 1W, and 1D charts and think about countermeasures for them before preemptively trading.
Therefore, since the probability of failure is quite high, you must think about a loss cut or selling method before trading.
If you buy in the 68393.48-70148.34 section and it rises above 70148.34,
1st: 71280.01-72344.74
2nd: 73620.12
You must check for support near the 1st and 2nd above and respond.
-
This volatility period is expected to start around November 4th and end around November 16th.
Accordingly, we need to keep an eye on the movements around November 4th (November 3rd-5th), November 10th (November 9th-11th), and November 16th (November 15th-17th).
In order to rise along the linear regression channel, the price needs to rise above 70148.34 to maintain its position, so whether it can find support and rise in the 68393.48-70148.34 range is key.
----------------------------------------------------
We choose the time frame chart to trade according to our investment style and trade according to the movement of that chart.
Accordingly, we will look at the time frame chart to trade most of the time.
Also, since most trading charts are likely to be below 1D charts, there is a high possibility that you will trade without understanding the overall flow.
Therefore, before starting a trade, you must check and understand the flow of the 1D chart and then trade.
Otherwise, you may trade incorrectly due to fakes or sweeps when trading on time frame charts below 1D charts.
-
Add the StochRSI indicator to the 1D chart.
Set the StochRSI indicator as shown in the picture above.
Then, you can check the movement similar to the StochRSI indicator that I use.
(The best way is to share my chart and paste the indicator into your chart.)
Then, if the StochRSI indicator is rising based on the 50 point,
- you should focus on finding the time to sell,
- if it is falling, you should focus on finding the time to buy.
Depending on the location of the StochRSI indicator, volatility may occur.
1. When falling in the overbought zone
2. When located in the 50 point zone
3. When rising in the oversold zone
When the above three movements occur, the price may show volatility.
If this volatility occurs at a time, you should check the movement of the 1D chart to avoid being caught in a fake or a sweep.
-
The trend-based Fibonacci extension shown on the left was drawn at the point where this rise began.
Therefore, you can use it only as a reference for chart analysis.
-
It doesn't matter which time frame chart you start trading on.
However, you can create a trading strategy that matches the investment period, investment size, trading method, and profit realization method according to the time frame chart and respond accordingly.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Dow Jones + This 3 Step SystemThe greatest buying opportunity has arrived...
are you looking at the dow jones TVC:DJI ?
-
It was from crashing this crash wont continue at all
because it was a type of crash that
appears as a taking profit
-
Crash investors are going to rebuy their
positions in this next market cycle.
-
Listen its been a crazy time with
the USA presidential elections coming up
this week
-
Are you prepared to capitalise during this
election cycle the stakes are high
-
And this is the time for you
to prepare..
-
If you look at this chart you
will see..The following 3 steps:
-
• Step 1: The price is above the 50 ma
• Step 2: The price is above the 200 ma
• Step 3:The price has to gap up
-
Also notice that the candle stick pattern looks
like a bullish harami...if you want to learn more
about candle stick patterns
-
Read Steve Nisson’s Book On Japanese Charting..
-
It will really help you and give
you an edge in trading..
because this is the book am currently
reading right now.
-
Rocket boost this content to
learn more
-
Disclaimer: Trading is risky you will lose money wether you
like it or not.Please learn risk management and profit
taking strategies.
Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart!
A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out:
Daily Chart-
*Price made its Lowest Low @ .0805
*Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern.
*Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears!
1Hr Chart-
*Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation!
*Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI
I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels:
( .1355 - .1440 )
( .1700 - .1800 )
( .1990 - .2200 )
**If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
Why This Forex Pair Will Go Up In 3 Steps Trading the forex markets
Is viewed as hard and that's okay
Listen on average
The strike price or your position
Size should not be more
Than $100 that's if you are
Trading options
Now it depends with what broker
You are using but to be honest
If you want liquidity then that's
The strike price I would use.
Sadly the liquidity in forex markets
Are very low thats most
Forex brokers offer high margin
Remember each market is different
It will take time to know them..
This chart follows the 🚀 Rocket Booster Strategy:
1.The price has to be above the 50 EMA
2.The price has to be above the 200 EMA
3.The price to gap up in a trend
The last step is tricky because it involves crowd psychology..so you will have to learn more...
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Streamr (DATA) - Bullish divergenceOn the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why?
1) Price action and RSI resistance breakouts.
2) Price action finds support on past resistance.
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous.
4) The flagpole measures out at 800% to target.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe for long: now
Return: 800%
Is ANKR about to print a 1500% move?On the above 8-day chart price action has corrected over 90% since the month of May 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action prints support on past resistance. Look left.
3) The macro bull-flag breakout plus confirmation of support.
4) A number of tradingview.com ideas are ‘short’. Remember the 9 out of 10 market participants will lose money. Be the 10%.
5) Bonus observation, see chart below.
Is it possible price action falls further? Sure.
Is it probable? no.
Ww
Type: Trade
Risk: <6%
Timeframe: Act now
Return: 1500%
Little bull flag with 250% projection
The Rocket Booster Strategy Boosted Part 2Trying to find a pattern to trade
has been a challenge..and so in this video
i show you the rocket booster
strategy boosted.
-
First, you need to make sure you
do not trade flat markets..
This is a mistake I have made a lot.
-
Second, you need to increase the amount
of volume you are trading because in the
stock market the traffic can get stuck.
-
Third try your best not to trade low-volume stocks
this is also something I was very fond of doing
Because I was so good at technical analysis
I never understand the power of volume
-
Lastly, you need to create
a combination of trading systems
That will help you identify the best swing trading
Opportunities
In this video we are using the following
indicators:
1-Volume
2-Rate Of Change
3-Moving Averages
Creating a system with a combination of these indicators
should help you build a strong trading system
-
And trading strategy
Watch this video to learn more.
-
Disclaimer:Trading is risky you will lose money wether you
like it or not please learn risk management
and profit taking strategies.
Danimer Scientific, Inc.On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Past resistance confirms support. (yellow arrows).
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months.
4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points.
5) No share splits. True.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <= 3%
Timeframe for long: Qrt 2, 2024
Return: 8000%
Stop loss: 55 cents
Pull back is a pattern that can be recognized after it is formed
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The HA-High indicator is showing signs of being created at the 69843.04 point.
Accordingly, the point of observation is whether it can receive support and rise near the 69843.04-70148.34 section.
We need to check whether the StochRSI indicator falls below 50 due to this decline.
When the price is supported in the 68393.48-70148.34 range, if the StochRSI indicator remains below 50 and StochRSI > StochRSI EMA, it is a time to buy.
Basically, if the StochRSI indicator is above 50, it is better to focus on finding a time to sell, and if it is below 50, it is better to focus on finding a time to buy.
In particular, you should focus more when it is in the overbought and oversold ranges.
-
The MS-Signal indicator consists of M-Signal and S-Signal.
Since S-Signal is currently in the 66668.65-68393.48 range, it is possible to touch this range and rise, so caution is required when trading.
Therefore, it is better to check the movement when the state of M-Signal < S-Signal is changed.
---------------------------------------------------------
(BTCUSDT.P 1D chart)
If it falls below 68447.9, liquidation is required for positions purchased (LONG) below 67044.1.
In other words, if the first installment liquidation was performed above 69835.3, the second installment liquidation is required around 68447.9.
Then, when it shows support in the 68447.9-69835.3 range and the StochRSI indicator is below 50 and StochRSI > StochRSI EMA, you can make an additional purchase (LONG).
It is recommended that this additional purchase (LONG) be made below 69835.3.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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