Is a 70% crash to 20k for Bitcoin going to print ??This is a 3 week chart. Each candle print takes 3 weeks. This is not a forecast for tomorrow or the day after. This is months in the making.
On this timeframe months pass until targets are realised. Regardless, there are some important signals now printing that require attention.
When:
1) Stochastic RSI was above 80 AND then crosses down 50 (red arrows)
AND
2) RSI 50 level confirms resistance once a breakout has printed (black circles) as it is now, you must watch for a confirmation of resistance.
A and B had confirmed resistance in 2018 and 2019. 80% and 70% corrections followed. Point C in early 2021 was a false breakout only confirming in late 2021. A 75% correction followed.
Look left. This chart is now either repeating years 2018 / 2019 or 2021.
There are some important takeaways from all of this.
1) Whether it is a repeat of 2018 or 2019 or 2021, the bull run is over inside the next 6 months. There are far too many calls for higher highs into 2025 and beyond. That is not going to happen.
2) This is not a forecast for something that is going to happen right away.
3) The market top is not in yet. True. Market tops arrive with Euphoria not fear.
4) When this RSI resistance confirms, there will be no long opportunities in the market until 2027 at the earliest.
Ww
M-oscillator
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M
Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
Ethereum Longterm Price Prediction / 3500$ is the next stationBINANCE:ETHUSDT
COINBASE:ETHUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
3000$
3500$
3914$
🔴SL:
2024$
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Bearish signals piling up for crude oil pricesA lack of direct stimulus measures in China likely contributed to the rough end for crude oil last week, with prices not only breaking minor uptrend support but also closing below the 50-day moving average.
It’s the latter that’s got me eyeing a potential short setup. The ratio of how often the price has traded through this level versus how often the break has stuck is notable over recent months. The uptrend in RSI (14) has been trashed, and MACD is on the verge of confirming a bearish signal, skewing risks lower.
However, I’d like to see a break and hold below $69.74 first, the low hit on US election night. The price bounced strongly from there, so it looms as potentially key level for near-term directional risks.
If that level breaks, shorts could be initiated with a stop above either the low or the 50-day moving average. Targets include $66.72 (October 29 low), with $66.33 and $65.27 next.
If the price reverses above the 50-day moving average and closes there, the bearish bias is negated, opening up potential bullish setups.
Good luck!
DS
Palantir, expecting retracementPalantir uptrend move from June 2024 so far has been incredible. But I think enough is enough!
Palantir broke out of its "cup and handle" pattern in mid June and already hit its target at about 50$ per share.
The stock price is currently standing at 58$ per share, which is surpassing its cup and handle target and even 4.76 Fibbonaci extension level.
I believe we will see a retracement to around 50$ per share soon. We also see that the when RSI indicator is at these elevated levels, there is usually a retracement or sideways price action.
$SPY November 9, 2024AMEX:SPY November 9, 2024
60 Minutes.
Run-away gap in action.
Hence very strong uptrend.
Got weakened on Friday.
As we can see we had 2 lows. 568.44 and 567.89.
Oscillator divergence.
Hence if we draw extension now, we have first target 607 levels.
The consolidation I need is not happening.
Moving averages setting up nicely. In order.
9,21,50,100 and200 in that order.
It will be a good opportunity to buy around 588-592 levels. for the next uptrend.
As we can see in 60 minutes 580 is very strong support.
15 Minutes.
For the last rise 593.92 to 599.64 holding 596 is important.
If 596 is broken, we can probably see 592 as target.
I need a pull back for a buy.
Again, not a chart to short except for 3-4$ maximum. As of now.
in 15 minutes, big oscillator divergence.
Bitcoin Cash Long Setup Setting / Two sides of the MarketBINANCE:BCHUSDT
COINBASE:BCHUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
379
385.4
391.9
399.3
🔴SL:
358.8
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
USD/CAD 4H Bearish Double Top with RSI Divergence Trade SetupUSD/CAD 4-hour chart is forming a bearish double top pattern near a resistance zone, signaling a potential reversal. The RSI shows bearish divergence, with the price making higher highs while RSI trends lower, indicating weakening upward momentum. This setup suggests that a bearish move is likely if the price breaks below the key support level at 1.38138, which is the designated sell entry level in the plan. The stop loss is set above the double top, at 1.39624, to protect against a breakout above resistance.
For targets, Take Profit Level 1 is set at 1.36665, while Take Profit Level 2 is positioned at 1.35443, aligning with lower support levels that could serve as points for a potential reversal or pause in the downtrend. The plan projects the double top breakdown using a red line labeled "Projection of DT," indicating the estimated move downward if the pattern completes. This trade strategy utilizes confluence between price action, RSI divergence, and a clear breakdown structure to establish a high-probability short trade setup.
ALTS PUSH ? - After weekend this will decideAfter the weekend, a double break of the trendline and RSI will decide if we have the long awaited FINAL PUSH for the Altcoins.
This time, unlike 2018 and 2021 I think it will be selective. Not all alts are going to fly or even go up, so we will have to choose wisely.
Some of the ones I follow individually with the confirmation of this chart are #LINK, #ONDO, #XRP and #VELA.
They all depend on this chart and what happens with #BTC.
Let's follow it closely!
CRYPTOCAP:BTC CRYPTOCAP:XRP BIST:LINK LSE:ONDO LSE:VELA
Air Products Pulls BackAir Products & Chemicals jumped last month. Now some traders may see opportunities in its recent pullback.
The first pattern on today’s chart is the bullish gap on October 7 amid reports that activist investor Mantle Ridge had taken a stake. The provider of industrial gases continued upward and made an all-time high two weeks later.
It then pulled back to hold roughly $302. That level was the peak on September 27 and near the low on October 7. Has old resistance become new support?
Next, prices are trying to stabilize at the 21-day exponential moving average. That may suggest its direction is still pointing higher.
Finally, stochastics have turned up from an oversold condition.
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CHAINLINK ready for the RUN! On the 3D chart, we have:
Breakout on the Trendline.
Breakout on the RSI.
Breakout on the SMA 200.
And a Golden Cross.
You can´t get more bullish signals if you want, but it doesn´t mean that in the short term we can´t take a correction.
If we get it,The Pullback is a BUY.
Fundamentally as I think we are in the year 1999 for Internet but for crypto now, BINANCE:LINKUSDT is one of those that has value. There are not many of them.
Selling is a must during this Bull MKT top.
Stellar Long Setup Setting / Risky but Why not?BINANCE:XLMUSDT
COINBASE:XLMUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 0.0914-0.0942
⚡️TP:
0.0955
0.0968
0.0985
🔴SL:
0.0892
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
EURJPY Rises to 166 Barrier as Eurozone Inflation SurgesEUR/JPY formed a bearish engulfing candlestick pattern near the 166.7 resistance. The bull market will likely resume if buyers close above the 166.71 resistance level.
On the flip side, If bears (sellers) close and stabilize the EUR/JPY price below the 163.75 mark, a new bearish wave will likely form that could target the October 17 low at 161.9.
BTC 3 MONTHS LONG Starts, this week?Waiting for a last impulse 140 ds/3 months on INDEX:BTCUSD BITCOIN, this week could the 3 months BTC LONG START . Why? Let´s see:
- Channel with 4 elliot waves done. Looking for Wave 5.
- RSI 3D breaking out, like 1 year ago.
- RSI W Just about to Break out, like 1 year ago. Looking for confirmation.
- Rate Cuts this week, lets see.
www.tradingview.com INDEX:BTCUSD
Ethereum vs BitcoinAfter three years of downtrend ETH/BTC ratio has arrived at long-term support at approximately 0.035.
Bitcoin is in the process of breaking out from the consolidation and Ethereum is starting to show some signs of bullishness. The current weekly candle ( not closed yet ) looks like a bullish hammer so far. Weekly RSI is oversold and Stochastic RSI is below 20 for a long time since the first week of August.
Actually, look at these indicators on higher timeframes: 2W, 3W, 1M, 2M! Stochastic RSI is below 20 and potentially ready for a cross up.
It is very early because the candle is not closed yet. We want to see it closing in a bullish way: bullish hammer, dragonfly doji etc. We then should wait for another week for confirmation. This will suggest that the downtrend is probably over and it is going to be more profitable to hold Ethereum instead of Bitcoin because Ethereum will outperform Bitcoin in the coming months.
PROTIP: smaller altcoins will outperform Ethereum!
SUIUSDT Long Setup Setting / Quick tradeBINANCE:SUIUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone: 1.872-2.1035
⚡️TP:
1.9517
2.02
2.1035
🔴SL:
1.7654
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
$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.
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93
PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario.
In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD.
Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session.
1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK)
Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
EUR/USD Technical AnalysisFxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening.
Forecast
From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level at 1.093.
Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
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.