Apple appears to be in a bullish trend for the near future.We observe a similar pattern to what occurred previously with APPL. Additionally, the Dynamic RSI indicator suggests that Apple could rise further. Therefore, we are setting the buy zone at the blue level. For Apple, two take profit levels have been set, meaning the strategy involves selling 50% at the first take profit level. Should the price return to the buy zone, we plan to reinvest the 50% for the second take profit.
Oscillators
NQ may have found a little Support to continue its climb.After a healthy, needed pull back, the NASDAQ may have found the support it needed to finish its climb with the inauguration soon to come at the end of the month. Price has not been comfortable below the middle Keltner channel band during this push-up over the last few weeks. The MACD and and RSI look prime for a turnover, and Fridays push-up off of Thursdays Liquidity sweep, sets us up nicely for a move up. At the very least, there's a good chance we test some of these levels for the upcoming week.
Daily Market Review and Analysis for BTC: January 5, 2025BTC (4h)
Over the past 24 hours, the total crypto marketcap increased by 0.6%, while #Bitcoin's dominance rose by 0.2%.
Current Situation
On the 4-hour chart, #BTC is seeing growing selling pressure as the price approaches the lower boundary of its ascending channel. Currently, the asset is heading towards testing the key level of POC ($97,400). A breakdown below this level could signal the start of a local correction, followed by a support test near $95,200.
Key Technical Factors:
- Ichimoku Cloud: Its boundaries continue to serve as zones of support and resistance.
- RSI: A decline to 50 will coincide with a test of the EMA 100 level, providing crucial support for the asset.
Forecast:
- Local Support: A bullish rebound is expected in the $95,000 – $95,500 range.
- Bullish Scenario: Breaking above the Ichimoku Cloud's upper boundary at $99,900 will strengthen buyers' positions, with the next resistance target at $104,000.
Institutional Insight:
On January 3, U.S. spot Bitcoin ETFs recorded a daily inflow of **$908 million**, the highest since late November 2024. This trend highlights the positive expectations of institutional investors, despite potential local corrections.
Key Points:
1) Monitor the $97,400 level closely — a breakdown will determine the next price movement.
2) Watch technical indicators like RSI and EMA to confirm support levels.
3) Pay attention to trading volumes and inflows into institutional products such as Bitcoin ETFs.
Bad news FTM holders markets require more blood sacrificeThe price action of the past few days from the latest bottom of 66 cents seems to have been a bearish retest.
the massive long term support has turned into resistance
the bearish retest has been completed
now down again
RSI also has hit resistance.
more blood more pain
the bit question is when after 68-69 cents is reached:
double bottom confirmation and bottom is in, with rising RSI
or
max pain, max blood scenario of visiting 53 cents with also rising RSI, forming a bullish divergence?
the second part remains to be seen in several days
first part is clear
more blood from FTM holders
sorry, bulls
This is a SHORT-TERM analysis only
SENDAI - BUY ON DIP ?SENDAI - CURRENT PRICE : RM0.570
SENDAI is uptrend for long term view as the share price is trading above 200-day EMA. In short and medium term the trend is sideways. However, I expect the stock may trend higher in the upcoming sessions as there are several bullish scenario appears on the chart.
i) The share price manage to breakout 50-day EMA
ii) Price bounce from support level of ICHIMOKU CLOUD indicates that buying interest is sufficiently strong to overcome selling pressure
iii) CHIKOU SPAN also manage to bounce from CLOUD support level
iv) RSI (above 50) heading upwards and stochastic oscillator is in oversold zone
v) High trading volume than previous sessions.
Technically it is a BUY ON DIP for this stock.
ENTRY PRICE : RM0.560 - RM0.575
TARGET PRICE : RM0.625 and RM0.690
STOP LOSS : RM0.530
TAYOR !
VIRTUAL IS BEARISH !!!!The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Silver- Obvious Head and Shoulder pattern, with great potential!Hi guys, today we are overlooking Silver (XAG/USD) with some great Technical analysis. Currently the overview is on a 1D time frame making this opportunity Mid-Term as to how much time we would expect it to reach it's destination.
Currently as we can see on the chart there has been a perfect formulation of the typical Head and Shoulders pattern. Additionally I would say on a shorter term the overall price has entered and formuilated a Descending Channel, which boost's our confidence in the price action that we are expecting. Additionally we are looking into the fundamentals so we can get the extra confidence in the price action that we are targeting.
Entry: 29.31
Target: 26.60 which is just above the Strong Support Level
Do let me know what you think about this analysis in the comments and what is your overview on this great Precious Metal.
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.
GALA 300% Next MovePrice is coiling up for the second half of this fractal pattern (Rally C) and I'm looking
at a bottom some time around February as the last pattern took off around the same time
The reason for this forecast to hit the Demand level again is because of the divergence move
seen on the Trend Reader, and the fractal pattern itself calls for a retest back to demand
Long term EMA is projecting flat readings for the future and this can also give us a signal for
price to slam back down.
Trend Reader
The Short Term Signal Line is racing back to the oversold zone and once the crossover takes effect we should see price shoot back up
Looking back at the Long Term Signal Line its projecting that long term momentum is dying off
and that after we hit this next high we can expect price to selloff like shown before with
the last divergence pattern.
Targets
7.7 Cents
13 Cents
16 Cents
AMD Finishing a 1-2 1-2 with ending diag and bullish divergence Current count looks like a 1-2 1-2 finishing out w-c of W-2 with an ending diagonal. With waves 3 and 5 of the diagonal creating bullish divergence. Looking to go up from here! Could end up seeing another 1-2. Invalidation is pretty close.
Alternate count is much more bearish.
FTSE - recovery jump after strong sell offHi guys, we are looking into the FTSE 100 ,currently it is sitting in a very oversold area on 1H and 4H time frames, so I am analysing a short term up-beta momentum.
Entry : 8,109
Target : 8,232
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
EUR/AUD Change of structure, time for correction.Hi guys today we are analysing the EUR/AUD currently it has broken out of an ascending channel formulating a correction / consololidation on the previous support level at 1.65500.
Additionally we can se that the RSI at least on 4H has already entered a descending channel indicating that the price is going to drop down.
Entry 1.66500
Target 1.65500
We are chasing 100 pips here, then if it continues we will revisit this analysis and look into a further drop.
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Raymond 1 d chart signalling price action Raymond is looking in the uptrend after making a low near 1326. It is reversing from there on daily chart .
Ascending triangle pattern is forming and is about to complete the same .
Volume is Supporting in this uptrend .
RSI momentum is showing intact with higher high with Price in conjunction. Both are in same tandem . Signaling bullish momentum.
If price closed above 1829 on daily chart further bullish Moment can be expected .
If price closed below 1428 on daily chart further bearish Moment can be expected .
Daily Market Review and Analysis for BTC: January 1, 2025#BTC (Daily Chart)
The cryptocurrency market capitalization has dropped by 2.5% over the past 24 hours, while #BTC dominance fell by 0.47%. Despite the bullish momentum, there is a growing likelihood of Bitcoin dropping to the $90,000 zone or lower.
Bitcoin’s upward movement was halted by intensified selling pressure near $95,000. Buyers failed to hold the $94,500 level, resulting in a price decline to around $91,600.
It’s worth noting that Bitcoin’s price on the daily timeframe is approaching the lower Bollinger Band, which is positioned above the seller liquidity zone.
In the short term, another attempt to test the $96,000 level is likely. However, it’s more probable that a new wave of decline will follow, targeting $90,500. This would trigger stop-losses for long positions (SSL) and push the price to a local low in the $89,000–$90,000 range.
From this point, a local upward trend could resume, targeting $96,963, where buyers’ stop-losses (BSL) are located. If this condition is met, Bitcoin could rally to $104,000.
That said, it’s too early to make global bullish predictions. Bitcoin first needs to clear key levels and stop-loss zones at $90,500 (the nearest realistic target) and $88,722.
The quickening of #BTC RSI & price extremes!I don't make the rules.
:)
We are just surfing the waves of emotions,
of the crowds.
Here we have Monthly line chart with the RSI
It clearly shows a quickening of the trend and how the 4 year cycle is likely to fail this time around.
It is too well know as a theory and will be front ran.
(in my opinion)
We should get a RSI peak at this rate, around May (could be June ofc)
and second lower peak around November (or DEC )
As always good luck in your speculations
#Crypto's are highly speculative instruments as we all know
During these tops you will be told many stories
you must have the wherewith-all to ignore the noise.
Whether the bottom section will be formed is the key
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
Happy New Year.
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(USDT 1D chart)
USDT appears to have turned into a gap downtrend.
If it does not rise quickly, the coin market is expected to show a sharp decline.
(USDC 1D chart)
Fortunately, USDC is maintaining a gap uptrend, so there seems to be a possibility of price defense to some extent.
However, since USDC has a lower influence on the coin market than USDT, if USDT maintains a gap downtrend, the coin market is expected to eventually show a decline.
What we need to do is check the stop loss point of the coin (token) we currently hold rather than increasing new transactions and think about how much we should cut loss.
(BTCUSDT 1D chart)
The point to watch is whether the movement of BTC is as updated last time.
If the HA-Low indicator is created, it means that the current wave is finished and a new wave is starting, so whether there is support is an important key.
There is a possibility that the HA-Low indicator will fall after being created and show a stepwise downtrend, but the fact that the HA-Low indicator was created means that it is ultimately forming a bottom section, so it is a time to buy.
-
Thank you for reading to the end.
I hope you have a successful transaction.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
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
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EURCHF Wave Analysis 31 December 2024
- EURCHF reversed from resistance zone
- Likely to fall to support level 0.9350
EURCHF currency pair today reversed down from the resistance area located between pivotal resistance level 0.9430 (which has been steadily reversing the price from the start of October) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9430 will create the daily Shooting Star candlesticks reversal pattern – if the pair closes today near the current levels.
Given the predominant daily downtrend, EURCHF currency pair can be expected to fall to the next support level 0.9350.
Technical Analysis: Bitcoin (BTC) – Regular Bearish DivergenceTechnical Analysis: Bitcoin (BTC) – Regular Bearish Divergence
Hello!
T he recent technical analysis for Bitcoin (BTC) highlights the presence of a regular bearish divergence between the price and the Relative Strength Index (RSI) indicator. This divergence, marked by the yellow lines on the chart, signals a potential reversal in the short-term trend and suggests a bearish outlook for the coming days or weeks.
Understanding the Divergence
A regular bearish divergence occurs when the price of an asset forms higher highs, while the RSI forms lower highs. This indicates weakening momentum, even as the price reaches new peaks. The yellow lines on the TradingView chart clearly illustrate this pattern for Bitcoin.
Price Action: Bitcoin has recorded higher highs on the price chart.
RSI Behavior: The RSI indicator, however, has failed to mirror this pattern, instead forming lower highs. This discrepancy points to diminishing bullish momentum and the likelihood of an upcoming price correction.
Short-Term Bearish Implications
Given the regular bearish divergence, Bitcoin’s price is expected to experience a pullback in the short term. Traders should be cautious, as this divergence often precedes a period of downward movement. Key support levels, such as $93,000 and $92,000, should be monitored closely to assess the depth of the correction.
Long-Term Bullish Outlook
While the short-term trend leans bearish, the long-term perspective for Bitcoin remains bullish. Several macroeconomic factors, including increasing institutional adoption, favorable regulatory developments, and a growing use case for cryptocurrencies, continue to support the long-term upward trajectory of BTC. This macroeconomic backdrop suggests that any short-term price corrections could present buying opportunities for long-term investors.
Key Takeaways
The yellow lines on the TradingView chart highlight a regular bearish divergence between Bitcoin’s price and the RSI indicator.
This divergence signals a likely short-term bearish trend, with a potential price correction on the horizon.
Long-term trends remain bullish, supported by macroeconomic factors and Bitcoin’s robust fundamentals.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Regards,
Ely
Bitcoin: The Cyclic Pattern Unfolding Again?Analyzing the current BTC weekly chart reveals striking similarities to the past, specifically the cycle seen at the end of 2023 and the beginning of 2024. Let’s break it down step by step.
1. Price Movement Comparison
Late 2023 vs. Late 2024: At the end of 2023, Bitcoin experienced a sharp rally of around 65%, moving from the lows to a significant peak. Fast forward to late 2024, and we see a nearly identical pattern—again, approximately 65% growth from the bottom to the recent high. The symmetry is hard to ignore.
2. WaveFlow Indicator
On both occasions, the WaveFlow indicator paints an eerily similar picture. It shows a strong push from the lows to the highs, followed by an expected pullback before another rally. If history repeats itself, the current setup implies that BTC will form a second peak following an intermediate bottom in the near term.
3. PrimeMomentum Long-Term Signal
The red diamond signal from the PrimeMomentum Long-Term Signal BTC indicator appears in a nearly identical spot:
The beginning of 2024: Red diamond signaled a top before a significant correction.
Late 2024: The same signal has just appeared, aligning with a possible cyclical correction phase.
4. PrimeMomentum Oscillator
At the bottom of the chart, the PrimeMomentum oscillator shows behavior that mirrors the end of 2023. This resemblance reinforces the idea that Bitcoin’s price action is following a cyclic pattern.
5. Expectations and Forecast
January Correction: Based on these indicators and historical patterns, we anticipate a pullback at the beginning of January 2025, targeting a mid-range consolidation or support zone.
February–March Rally: Following the correction in the second half of January, a rally is expected, peaking around March 2025, similar to early 2024’s price action.
Post-March Decline: After March, we could see another downward phase, mirroring the price behavior in mid-2024.
Conclusion: The Power of Cyclicality
This chart showcases the undeniable rhythm of Bitcoin’s cyclicality. Indicators like WaveFlow and PrimeMomentum provide clear parallels between the current market state and historical movements. If the cycle repeats as expected:
Short-Term: Prepare for a correction.
Mid-Term: Watch for a strong rally.
Long-Term: Plan for another cyclical downturn.
The data strongly suggests that Bitcoin’s market structure continues to adhere to predictable cyclical trends. With this knowledge, traders can better anticipate key market movements and position themselves accordingly.