S&P500 trading higher, traders shall stay cautious CME_MINI:ES1!
S&P500 futures have crossed upwards over 50 days Moving Average and the trend seems to be stronger than ever. Stimulus from FED and positive tones regarding stimulus from other major central banks fulfill the market with the bullish signal. However, traders must be careful as we are getting closer to All-Time High -levels once again. The market has a lot of positive tones but bears might surprise investors any time. It is challenging to guess when the market will turn down, if signals arise, traders must be willing to change perspective and potentially take short positions. Breaking All-Time High numbers will almost for sure trigger "take-win" transactions for some traders and increase downside risk. Right now, there are no indications, so holding long positions is the best bet in my opinion.
Disclaimer: NOT AN INVESTMENT ADVICE
Alltimehigh
BITCOIN | "No Man's Land" Is Waiting For Us!Hi,
Does it really happen? Does the price of Bitcoin will do another all-time high since April?
At the moment, we are quite close to getting it. Probably the last consolidation area, before the new ATH, created a strong resistance level and currently we are above of that. WAIT FOR A 1-hour CANDLE CLOSE to confirm it! After that, you can wait for a retest if you want but there is nothing special to stop it except a fakeout ;)
Wait for a candle close and go for it!
Regards,
Vaido
🔥 What Happens When Bitcoin Makes A New All-Time-High?With Bitcoin on the verge of making a new all-time-high, I'd like to shed some light on Bitcoin's past performance after it prints a new all time high.
Below you can see all the previous all-time-high break outs of Bitcoin. It's difficult to determine the top from these charts alone, but we can see a clear pattern in time that it takes to see a +100% gain. On average, it takes 3.75 (4) weeks to see a doubling of the price after the all-time-high has been broken.
So, if we assume that the all-time-high will be broken this week, we can say that there's a decent chance for Bitcoin to go to $130k by the 21st of November.
Past Break Outs
In Feb-2013 Bitcoin saw a massive +600% move in a mere 6 weeks, +100% in 3 weeks, before seeing a strong bearish move.
After a minor period of consolidation in the markets, Bitcoin saw one more rise. A +370% move in 3 weeks, +100% in two.
After a 3-year bear market, Bitcoin finally broke out of the 2013 high in April 2017. After this break out, Bitcoin rose by almost +1500% in 35 weeks, +100% in 6 weeks.
Lastly, the December 2020 break out has led to a +225% move in 17 weeks, +100% in 4 weeks.
Moment of truth - BITCOINHello dear crypto friends!
New all-time high or bear market after all?
No idea. All I know is that all of Twitter is bullish again and influencers are summoning the moon.
Whereas the last remaining bears are looking for explanations.
So what to do?
Keep it simple!
What do we see?
Major Gann resistance for next week, price marked.
And what else is there?
Right, the 0.786 FIB level, which Bitcoin loves for corrections.
I'm not a perma-bear, I'm just saying that these two resistances should be overcome before we dream of a new ATH.
Stick to facts.
Thanks and good trades!
filusdt . weekly chart . long run fundamental : fil token is future token which has its own unique use .
technical :
chart used : 1 week . this pattern is also match in 1 day chart .
signal type : triangle pattern .
stoploss : spot buy and we are not using stoploss .
target . for long run , we are looking for ward for breaking its all time high . it will break . mostly when btc will cross 60k then the file token will also pump .
will btc pump : you can check btc chart . btc forming cup and candle pattern .
you need good patient .
ADA RETEST COMPLETEDADA retested the triangle breakout recently. If it break the resistance level of 2.392 it could reach $2.753 with a gain of 15% .
We can expect a bullish move if it break those 2 resistances.
I have a little hope that ADA could reach it's ATH because I heard some great news after the Cardano Summit 2021.
I'm not a financial advisor and I'm just sharing my idea.
Have a nice day :)
BTC/USDT (Binance) Short-Term analysis DUMP Incoming?
☝🏻 For the last 3 days, Bitcoin has taken a side-ways structure in which volatility and volume is falling again. Gradually, the price is pushing towards the accelerated trendline of all this impulse growth, and so we will soon look again at the next impulse movement. I will follow the price action in the area of the trendline and in the case of the bearish situation I will follow the short positions, but for several reasons the creation of another high fit more into my concept.
👍🏻 The first of them is a fractal structure, which is very visibly similar to the side-ways structure in the last such movement, and it was followed by an impulse breakout towards the UP. It is very likely that Bitcoin will repeat this, although the reaction may no longer be so strong and impulse. The second is the traditional fractal on Bitcoin chart - pump-> sideways -> pump-> sideways-> pump and subsequent dump at least to the zone of the higher accumulation zone, often up to the first.
✌🏻 In addition, Bitcoin is very close to a strong fibonacci level of 0.786 fibo retracement of the whole correction trend, and this is often the target after the end of the opposite cyclic movement. There would be many reasons to expect rejection and the possibility of a more developed correction. Since Bitcoin's sentiment and fundamental are quite broken and BTC ETF approval may surface every day, I will not open a short limit positions in this zone, but I will wait for a visible rejection and the creation of a wick candle from above on the 2H-4H TF.
1H chart:
BTC/USDT Relieve breakout in October. 68k next with BTC ETF?Intro:
- Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold, just better.
- The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile.
- SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned.
Daily chart:
- Price shows a breakout above the purple resistance line. We went pretty straight back to 48k$ and touched the local resistance line.
- Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers.
- RSI analysis shows a breakout as well and hovers above the 50 line. Even the support and resistance line of 55 was passed.
- Support lines are at 41k$ and 30k$. The ascending yellow line can act as support as well.
- Resistance lines are at 48k$, 52.5k$ and 59k$.
Expectation:
- We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery.
- Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market.
- We expect some consolidation around 48k$ before we get through and a struggle around the 60k$.
- End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Nifty Prediction for 20th Sep..Will market sustain or Fall?Nifty Prediction for 20th Sep
1.If market opens flat and slowly crosses 17700 then take CE with Strict Stoploss
2.If market Opens Gap up then Wait till 17661 retest level if it sustains there then CE will be profitable
3. If market opens gap down then
If it comes to 17661 and breaks that then wait for confirmation for up moves then take CE
If it goes to 17661 and takes Rejection then take PE
P.S. Stoploss can Save You
RELIANCE price action analysis - bullishNSE:RELIANCE did a breakout recently and made all time high. Looking at hourly timeframe it looks like it's consolidating and forming a bullish flag pattern. Volume is also contracting while the price is consolidating.
There's a gap to be filled from 2395 to 2412. It had a chance to fill it on 8th september but the price reversed from 2406. It would be interesting to see what happens next week. It might give a fake breakdown to fill the gap and then reverse strongly trapping bears. Hoping for a break from a bull flag structure with a volume influx. Happy trading!
IIFLWAM price action analysis - BullishNSE:IIFLWAM is in a ttm squeeze with increasing momentum which indicates that a big move up can happen anytime soon. I am bullish because of the following reasons:
1) It's at all time high and currently standing at the major resistance level which it tested recently.
2) Current candle is very bullish and has a good volume compared to previous candle.
3) The volume seems to be increasing from past 3 days
3) It's forming cup and handle
If it manages to attract more buyers and keep up the volume, it can give a nice breakout. But if it fails, then it could reverse from here. We will see what next week brings. Happy trading!
TSCO broke out with volume!!* Strong earnings quarter over quarter
* Strong up trend
* Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth
* Broke of a 4 month consolidation out with higher than average volume (19.09%)
* Making a new all-time-high
* Probable ROI of 17.19% if the trade plays out in our favor
Trade idea:
* $200.75 is expected to hold as support due to high volume breakout
* This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point
* Or you can buy in now and ride the trend if you can stomach a slight move down
A probable ROI of 17.19% would place the target at 240.03 area
Note:
* This is also a great long term hold as it pays out dividends
Nifty Prediction for 9th Sep. Date correctionTomorrow is Weekly Expiry So Trade Wisely
Next week Strikes are advised
1 Gap Up- Wait till previous day close if its moving upwards then take CE till 17430 if it goes beyond trail SL
2. Flat Opening- If it slowly goes to 17400 and crosses with great volume then CE
3. Gap down opening is avoided till 17250
if it breaks 17250 and going down then PE with strict stoploss
Huge fall may be expected
Note- If you are getting something then take it and close the terminal dont wait whole day trading
Discipline is Must in market
Recap of Today - Only PE positions were recommended ,at around 12:15 pm, You should have taken 17400 PE and 1st Target was given 17300 it was achieved within no time then you should have closed the terminal and enjoy the profits
Its the MARKET it will give you ample amount of opportunities next day....
Thank you
P.S. Stop loss can Save you
Bitcoin is going to see 65000$ and higher after this correction!Hi dear traders,
As you can see my last analyzes on BTC I emphasized that Bitcoin must have a correction up to 42K area.
Now I expect a little range and LOW SCOPE falls and then ALL TIME HIGH(ATH).
I hope you have sold your altcoins before this fall.
Your Likes and Comments are the best Thank you!
Nifty Prediction for 6th Sep....New High or Reversal with panic Monday ^th Sep Nifty prediction
1: Gapup- If it Opens above 17400 wait for price action to form
Taget is very near so risk would be higher wait till support line if it moves upward after confirmation of 15 min candle with huge volume then take CE
2:Flat opening- If it opens Flat ...there is a trendline it should act as a support if it takes then CE above 17340 Target should reach and it will open up 17500 levels
3:Gap down-
If it opens Below 17200 Then we can Think for PE...When it rises Sell on Rise will work This senario triggers panic selling so PE only after 17220
P.S. Stop Loss Can Save
KCS/USDT The next big trading platform? Breakout imminentIntro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- On the RSI side we also see a strong consolidation towards the 60 line.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
- Currently KCS is above all MA lines.
Expectation:
- We expect to see an upwards breakout to happen very soon.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
Ethereum Could Be Setting Up For New All Time High Be Cautious!Ethereum is going bananas. There's not much resistance at these levels but the strength indicators are getting very very heated. A retest of roughly $4,400 is likely underway and there maybe some resistance we'll see. We still need to break past $4,000 first. If we break past $4,000 and run past $4,400 we will enter a new price discovery phase for Ethereum. Still strong momentum in the MACD after the bullish crossover 2 days ago. A pullback always looms around the corner when we start to get overbought on the strength indicators so keep that in mind. Getting in at these levels can be riskier. Profit taking at new all time highs will happen. I'm looking at Ethereum charts every hour right now.
Since EIP-1559 Ethereum has burned over $315 million dollars worth of ETH. Ethereum will continue to burn forever building in a scarcity factor that wasn't previously there. Also NFT mania continues to boom.
Exciting times to be in cryptocurrency. If you're new to crypto always make it a goal to own at least 1 Ethereum in your portfolio!
Cheers! Much peace, love, health, and wealth.