Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance:
Click chart above to see the detailed analysis👆🏻
Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level.
Levels to watch: $70.000, $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Alltimehigh
SWING IDEA - HDFC LIFE INSURANCE HDFC Life Insurance , one of India's leading life insurance companies, is showing strong technical signals for a swing trade.
Reasons are listed below :
750 Zone Breakout : This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
Breaking Consolidation Zone of 3.5+ Years : The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
Highest 52-Week Close : It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
Trading Near All-Time High : The price is approaching its all-time high, showing that the bullish momentum is intact.
Trading Above Weekly 50 and 200 EMA : This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
Target - 870 // 990
Stoploss - weekly close below 660
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Crypto Prices Rally After US Election ResultsMarket Update - November 18, 2024
Donald Trump secured presidential win: The news is widely seen as a boon to the crypto space because of Trump’s pro-crypto policies. Bitcoin prices hit an all-time high.
Solana reached a record 123 million active addresses in October, up over 42% from September: The network’s user engagement is now reportedly surpassing that of Ethereum by some measures.
Spot bitcoin ETFs in the US reported $541 million in outflows on Monday, marking their largest daily decline since May: But they charged back on Wednesday to make up for the losses, pulling in more than $621 million.
Lawyers for Binance and ex-CEO Changpeng Zhao have filed a motion to dismiss an amended SEC complaint: The motion argues that the SEC has failed to provide standards for defining crypto securities.
Mt. Gox transferred roughly $2.19 billion worth of BTC to unknown wallets on Monday: The move follows a recent repayment delay announcement, with creditors still awaiting funds from the exchange’s 2014 collapse.
Trump Wins Presidency After Securing Every Swing State
Donald Trump was re-elected president of the United States this week, defeating vice president Kamala Harris by securing the 270 votes needed to win the electoral college.
The win is widely seen as a positive for the crypto ecosystem. Over the past few months, Trump has pledged his support for digital assets. In July, he spoke at the Bitcoin Conference in Nashville, promising to set up a national strategic bitcoin reserve and to fire SEC chair Gary Gensler, who has filed numerous lawsuits against a range of cryptocurrency exchanges. Additionally, Trump recently launched World Liberty Financial, a DeFi company that plans to sell $30 million in tokens.
Meanwhile, Harris never took an official policy stance on regulating crypto. And as vice president, the Biden administration largely had a hawkish stance against crypto companies, with Gensler taking a regulation by litigation approach that largely alienated an asset class that has become increasingly entrenched within traditional finance.
The price of bitcoin hit an all-time high this week, surging to more than $76,500 by Thursday afternoon. The crypto ecosystem received another boost earlier in the day when the Federal Reserve said it would cut interest rates by 25 basis points, bringing the target range to 4.5%-4.75%.
Solana Hits Record 123M Monthly Active Addresses Amid Memecoin Boom
Solana achieved its highest monthly count of active addresses in October, reaching over 123 million, marking a notable increase from September’s figure and showcasing a recent surge in user activity. Analysts have attributed the growth to the popularity of memecoin trading, spurred by platforms like the token creation app Pump.fun.
Some industry reports have also been highlighting Solana’s rising engagement levels, noting there are over 100 million active addresses compared to Ethereum’s 57 million. Additionally, the rise of AI-linked memecoins have reportedly led to this increased activity.
With Solana designed as a lower-cost network in comparison to other smart contract compatible chains, this may be playing a role in increased engagement as well, as innovators have difficulty accepting comparatively expensive Ethereum gas prices.
🎈 Topic of the Week: Helium Network (HNT)
🫱 Read more here
Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All
The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in!
At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS).
Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings!
Best regards, and thank you for supporting my analysis. See you next week!
Dogecoin - Get In Now Before It Hits $10!Dogecoin ( CRYPTO:DOGEUSD ) is about to repeat another bullish cycle:
Click chart above to see the detailed analysis👆🏻
Dogecoin just broke out of the previous bear market triangle pattern and is starting its next major bullrun. Looking at market structure, price action and previous cycles, Dogecoin could even hit two digits after is manages to break above the all time high. You know what's possible.
Levels to watch: $0.1, $0.2, $0.5, $10
Keep your long term vision,
Philip (BasicTrading)
Ethereum - This Is The Last Buying Opportunity!Ethereum ( BITSTAMP:ETHUSD ) is still super bullish:
Click chart above to see the detailed analysis👆🏻
Despite the correction of about -50% which we saw over the past couple of months on Ethereum, market structure and price action is still overall bullish. Ethereum is currently creating a bullish break and retest with a potential move of +60% towards the upside.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
Xrp - This Triangle Wil Double Your Money!Xrp ( BITSTAMP:XRPUSD ) is retesting a major confluence of support:
Click chart above to see the detailed analysis👆🏻
For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp.
Levels to watch: $0.5, $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
Apple - A Correction Is Actually Inevitable!Apple ( NASDAQ:AAPL ) is preparing for a minor cycle correction:
Click chart above to see the detailed analysis👆🏻
After creating five consecutive bullish breaks and retests of the previous all time high, it seems like Apple is one of these stocks which is perfectly following technical analysis. Considering that and the current rising channel pattern, it is quite likely that we will now see a short term correction.
Levels to watch: $190, $240
Keep your long term vision,
Philip (BasicTrading)
Do u believe in Elliot WaveHi Everyone, do u even believe in Elliot Waves theory? Yes I do. And if u want to ask me wherr Galaxis can go to… I would say 0.012 cents. Dont forget the Galaxy is never ending…
First lets finish wave three to around 0.0094
Enjoy trading.
This is no Financial Advice (FA)
Always Do Your Own Research (DYOR)
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Approaches All-Time HighMarket Update - November 1 2024
Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high: The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off.
US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by BlackRock’s IBIT with $629 million: It’s believed that bitcoin’s swelling price might be contributing to investment in these funds.
Florida CFO Jimmy Patronis has requested an evaluation of the feasibility of adding bitcoin to the state’s public pension funds: The state of Florida has typically shown keen interest in crypto initiatives, with Governor DeSantis having made proposals to allow businesses to pay tax in bitcoin in 2022.
Hong Kong Exchanges and Clearing Ltd. (HKEX) will launch the “HKEX Virtual Asset Index Series” on November 15, providing reference prices for BTC and ETH during the Asian trading day: The indexes aim to offer transparency and support for virtual asset investment decisions in the region.
Weekly sales of NBA Top Shot NFTs have hit a six-month peak, with 43,600 NFTs sold as of October 27, marking a 94% jump from the previous week: Renewed excitement from the season opener is driving the surge in activity after a slow offseason.
Bitcoin Surges Past $73,000, Pulls Back on Thursday
Bitcoin climbed above $73,000 Tuesday, marking the first time it breached this level in over seven months. The renewed surge comes near the end of a strong year for bitcoin, partly driven by the SEC’s approval of spot bitcoin ETFs and anticipated rate cuts in the US. Tuesday was also reported to be bitcoin’s biggest trading day in months, as volumes skyrocketed. However, the price of bitcoin retreated Thursday, pulling back toward $70,000 as the broader tech market recorded mixed earnings results.
Federal Reserve decisions in particular have been playing a role in bitcoin’s recent rally, with bitcoin rising from around $54,000 in early September as expectations for a rate cut increased. A majority of analysts currently anticipate a 25 bps cut November 7, which could drop rates to the 4.5% to 4.75% range. If this comes to be, it would most likely add to the current bitcoin trading frenzy.
Some analysts are bitcoin to climb even higher before the end of the year as market conditions become more favorable. It could depend on numerous factors, and will most likely be influenced in some form by the results of the upcoming US presidential election.
💱 Topic of the Week: Traditional Lending vs. Crypto Lending
🫱 Read more here
Meta: Buy Opportunity with Strong Short & Medium Term SignalsMeta Platforms NASDAQ:META (META) is on track to hit new record highs at $610, and the short- and medium-term technical indicators suggest a strong buying opportunity. Here’s why:
In the 2-hour and 4-hour timeframes, several key indicators are flashing buy signals: The Exponential Moving Averages (10, 20, 30, and 50) across both timeframes are all signaling bullish momentum, indicating upward strength.
In the 4-hour chart, Momentum (10) is positive, and Bull Bear Power is also supporting further gains. While there’s a MACD Sell signal, it’s outweighed by the overall uptrend across multiple moving averages.
In the 2-hour chart, the MACD Level has switched to Buy, and the Volume Weighted Moving Average (VWMA) is also bullish, suggesting growing strength in the short term.
In the daily timeframe, Meta shows even more confirmation for a bullish stance: Most of the key Moving Averages (EMA 10, 20, 30, 50) are aligned with continued upside, supporting a sustained uptrend. The MACD and Momentum indicators show some divergence, but overall the market remains tilted in favor of a bullish outcome, with price action well above the 100 and 200-day moving averages.
Risk-Reward Setup: The combination of buy signals in both short and medium-term charts presents a favorable risk-reward setup. Meta’s strong uptrend suggests a continuation toward new highs, while the technicals back a bullish bias with several layers of confirmation. However, caution should be exercised with short-term volatility, but the overall trend still supports the case for a long position.
Considering these factors, entering long positions with a target at $610 offers a compelling opportunity to ride the momentum of one of the tech market leaders.
Disclaimer: This content is for informational purposes only and should not be considered as financial or investment advice.
Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally:
Click chart above to see the detailed analysis👆🏻
Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon.
Levels to watch: $130, $270
Keep your long term vision,
Philip (BasicTrading)
Retrace before BTC All Time High?I could see the price going back to the EMA 50 or EMA 200 on the 1 hour time frame. Many people could get into high leveraged long positions just before the all time high. This could cause price to reverse and make a mean reversion before the continuation of the uptrend pass the old all-time high.
ATH from Historic Average PerspectiveHISTORIC AVERAGING
The point of historic averaging is to provide a long-term perspective on an asset’s price by calculating an average that considers all available historical data.
The simplest is Arithmetic All-Time Average
PineScript: ta.cum(close) / (bar_index + 1)
To get it we must add up all closing prices and divide by number of bars. (Bar_index + 1 because bar_index starts with 0, which can mess up calculation!)
It provides us with some useful information:
Long-Term Trend Identification
Current Price Contextualization - point of reference to assess how high is the current price than its historical Average
Exposes Long-Term Support levels - the historic average often aligns with significant support (True for Bitcoin particularly)
Since Arithmetic Averaging is more venerable to lagging, it made a significant gap from the lows:
If the weights weren't identical, the gap distance would have been less. So we can use other method of averaging for more precise alignments of the cycle Lows
Weighted Historic Average: This method assigns increasing weights to each bar over time, prioritizing later candles even more significantly. This method is particularly useful when you want to view the trend as influenced by more recent activity but still considering the entire data set. It may help in understanding price dynamics under growing market volume or volatility, as recent bars affect the average more prominently.
With such weighting method applied, the historic average better indicates long-term support levels making them more reliable to draw a relationship between current price and the Historic Average.
This post is not even about the rhyme of Weighted Historical Average with cycle lows.
If we divide closing price by WHA, we would get an idea how many times Bitcoin has been higher than the average during the times establishing All Time High.
Given the current uptrend, which shows potential to develop into a full-scale bull run, we can anticipate the next long-term ATH by monitoring the Close/Historic Average. As this metric rises and breaks above shaded levels, it signals continued momentum. Conversely, if it crosses below the first shaded range, this may indicate that a long-term ATH has been set, suggesting the market could be primed for the next significant correction phase.
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now:
Click chart above to see the detailed analysis👆🏻
The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is starting the next parabolic rally:
Click chart above to see the detailed analysis👆🏻
Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market.
Levels to watch: $20.000, $26.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - AMBER ENTERPRISESAmber Enterprises , a leading player in the Indian air conditioning and refrigeration industry, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
4600 Resistance Breakout : The 4600 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum.
Strong Bullish Marubozu Candle on Daily and Weekly Timeframes : The recent formation of bullish marubozu candles on both the daily and weekly charts indicates strong buying pressure and suggests potential for further upward movement.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Higher Highs : The stock is consistently making higher highs, indicating a strong upward trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Xrp - This Is The Bullish Breakout!Xrp ( BITSTAMP:XRPUSD ) is preparing two major breakouts:
Click chart above to see the detailed analysis👆🏻
Xrp has been consolidating for almost 7 years and if a triangle breakout happens, it will certainly be followed by new all time highs. Price action and market structure are both pretty clear, and it seems almost impossible for Xrp to break the current support. Therefore longs!
Levels to watch: $0.5, $1.0
Keep your long term vision,
Philip (BasicTrading)