MANA Set to Skyrocket: Aiming for an Explosive $10.5 TargetDecentraland (MANA) appears to be in the final stages of Wave (4) within an Elliott Wave pattern. The rectangle consolidation suggests a potential breakout is imminent, with a significant upward movement targeting $10.5. Traders should watch for a breakout above the $2 resistance level for confirmation of the next bullish phase.
Rectangle
Bitcoin - Satoshi is AIQuestions and Answers:
1)
Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing.
Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it.
2)
Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.
Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want?
3)
Question: Would crypto currencies like bitcoin or ethereum be part of the AI future?
Answer: Yes, smart contracts and blockchain have a great use case in AI.
4)
Question: Did the CIA or NSA create Bitcoin?
Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up.
We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public.
5)
Question: What AI technology we use today?
Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites.
6)
Question: What is required for AI to run?
Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI.
7)
Question: How may future look with AI?
Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water.
“Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming."
“What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws?
“Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.”
In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it.
It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world.
There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GOLD (XAUUSD): Important Decision Ahead
Gold is trading in a global bullish trend.
We can see that after a strong bullish wave in February and March,
the market stopped growing and started to trade within a horizontal range.
The market is stuck within the range for more than 3 months.
We see a test of its upper boundary at the moment.
An important decision is now ahead.
I believe that a bullish breakout of the resistance of the range
and a weekly candle close above that will be a strong bullish signal.
A new bullish wave will most likely initiate then.
Alternatively, the market may respect the resistance of the range the 4th time and keep
staying within its boundaries.
Let's watch the price action and look for the signal.
I will post the update soon.
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AUDCAD: Bullish Trend Continues?! 🇦🇺🇨🇦
AUDCAD has a nice potential to continue moving up.
Last week, the price was consolidating within a narrow range on a daily.
A bullish breakout of the resistance of the range is a strong bullish signal.
With a high probability, the market will keep growing.
Next resistance will be 0.9295
❤️Please, support my work with like, thank you!❤️
EURGBP: One More Short 🇪🇺🇬🇧
After our yesterday's profitable short,
I see one more selling opportunity on EURGBP.
After a strong bearish wave, the pair started to consolidate
within a narrow horizontal range on an hourly time frame.
The release of morning's UK/EU Fundamentals triggered
a bearish reaction causing a breakout of a support of the range.
I opened one more short on the pair.
Next goal - 0.8415
❤️Please, support my work with like, thank you!❤️
Gold Tests 2-Week Highs - Will We See A Breakout?Gold is making another run at its 2-week high near $2385, even with China stopping its purchases for a 2nd straight month.
A breakout here could expose the record highs near $2450 in short order. Watch US CPI as a possible fundamental catalyst in one direction or another.
-MW
EURGBP: Bearish Move From Resistance 🇪🇺🇬🇧
As we discussed on a live stream,
EURGBP may drop from a solid horizontal resistance.
Bearish breakout of the support line of a tiny intraday range
on an hourly time frame is our strong bearish confirmation.
The price may reach 0.8446 level soon.
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GOLD (XAUUSD): Technical Outlook Explained
Gold is currently consolidating within a narrow horizontal range on a 4H time frame.
The reaction of the market to Powell speech was very limited and the price did not
manage to initiate an impulsive movement.
If you are looking for a bullish confirmation,
I suggest waiting for a bullish breakout of an upper boundary of the range.
A 4h candle close above 2371 will confirm a violation.
A bullish continuation will be anticipated at least to 2390.
Alternatively, a bearish breakout of the support of the range
will trigger a further bearish continuation lower to 2338 support.
❤️Please, support my work with like, thank you!❤️
EURTRY - 4 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting's personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules. Any action taken upon these information is at your own risk.
CRUDE OIL (WTI): Very Bearish Signal USOIL is currently in a long-term uptrend within a rising channel pattern.
Following a failed attempt to break through the 84.30 resistance level, the market has entered a consolidation phase.
The price has broken below both the range support and the parallel channel support, indicating a potential shift towards a minor downtrend.
I anticipate a bearish continuation towards the 81.18/80.98 levels.
For potential entry points, look for a retest of the broken trend support.
GOLD (XAUUSD): Accumulation is Over!
Gold was consolidating within a range on a daily since the end of May.
The release of the Friday's fundamentals made the market very bullish
and the price successfully violated the upper boundary of the range.
Such a violation opens a potential for a further bullish continuation.
Next resistance - 2425
❤️Please, support my work with like, thank you!❤️
EURUSD - Secret pattern no one talks about! (big crash coming)In my previous EURUSD post, I analyzed the historical chart (1971 - 2024). You know that EURO is heading for a big crash. If you haven't seen this very important post, please check out the related section down below. You have to see it if you are a real EURUSD trader.
Today, let's take a look at the actual 2023/2024 price action to see what is going on here. We have a secret head and shoulders pattern, that no one knows about. In general, the head and shoulders pattern is a reversal pattern and usually occurs at the top of the trend. These patterns are pretty much never perfect, so it's not always easy to spot them. This one is really hard to see, but I made it easy for you. We have 2 shoulders, and each shoulder is composed of a parallel channel. Neckline / HEAD is in the middle. This is of course an important level and strong support/resistance. Right now, it's a support, but once we break it, it turns into a resistance. Of course, I expect a breakdown on this bearish pattern, so make sure you are prepared for what is coming!
Is it good to short EURO now? Yes. Where to take profit? It depends on how long you want to wait. I have market 3 strong levels on the way down. The first is the neckline of the HaS pattern. The second is the POC (Point of Control) of the previous market structure. The third is the previous major swing low.
From the Elliott Wave perspective, I see a bearish Elliott Nest, that is composed of waves (1-2-1-2). This is an extremely strong fractal because once wave 3 starts, a steep downtrend begins. Usually, wave 3 is the strongest of all waves.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Bitcoin - 54% crash, bull market over!Is the bullish cycle really over? Definitely yes, and in this analysis, I will tell you why! The crypto market is dying in front of our eyes, if you are a hodler of many coins, you can see it very clearly on your account balance. Bitcoin failed to sustain the key level of 62k (0.618 FIB), which is an extremely strong sign of weakness. If you take a look at my Elliott Wave count, you see that the major impulse wave (12345) is complete. This is an impulse wave from the start of the bull market (15476) to the end of the bull market (73777). Take a look at wave (2) and wave (4), they both have a 21.35% pullback, so this Elliott Wave count perfectly matches.
The next reason is the rectangular range at the top of the uptrend. The range is clearly breaking down, which is another sign of weakness. What's more, we have an upward-sloping trendline that is breaking down as well. Currently, there is nothing bullish on this chart. Statistically, what is a classic correction for Bitcoin during major bear markets? 90%, 84%, or 77%. On the chart, I highlighted the 0.618 Fibonacci retracement for a 54% correction. But will this Fibonacci level really hold? Maybe temporary, but at the end, the price will go below it sooner or later.
What we can also consider is the 20 weekly moving average. Bitcoin is currently below it, and we didn't even see any reaction whatsoever.
What to do now? Should you sell your Bitcoin? My arguments are really strong, and I don't even want to know what is going to happen with altcoins. Will altcoins become dust? I am bearish.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
1802 - 4 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
GOLD (XAUUSD): Technical Outlook After The News Gold is currently at a critical point and has formed an inverted head and shoulders pattern on an intraday chart, with a neckline ranging from 2333 to 2339.
Upon forming the right shoulder, the price started to consolidate.
If the price break and close above the neckline/resistance of the trading range, it is advisable to buy aggressively or on a retest, aiming for a target of 2360.
Conversely, if the price drops below the support of the trading range, we will consider shorting the pair with a target of 2300.
It is recommended to wait for a breakout for confirmation.