🔥 Bitcoin Near All-Time High: What Does History Tell?In this analysis I want to take a look at Bitcoin's historical behaviour at the moment that it made new all-time highs (ATH's), and make a prediction based on those findings.
As seen on the bottom two charts, Bitcoin has ALWAYS reversed substantially from the previous ATH's area of resistance (note: the area around the ATH functions as resistance, not the exact value).
2017: ~33% correction.
2020: ~17% correction.
This time it remains to be seen how much we will reverse. Seeing that corrections (and pumps) become less extreme with time, it's likely that it will be less than 17%.
In my view, the most likely scenario would be a reversal towards the first yellow area of support (1), which would be around 11% decline from 69k. The worst-case temporary reversal would be a fall towards the second area of support (2), around 25% decline.
In the long-term I'm still bullish. However, we have to acknowledge that historical price action is against the bulls. On the other hand, this might be the last time we can buy BTC for these price for the next 1-2 years.
Alltimehigh
Bitcoin - Pending BreakoutBitcoin is presently trading around its previous resistance level and has already surpassed its previous all-time high. This consolidation around the resistance zone is crucial for Bitcoin to gather enough energy to break out from the resistance. Once the price breaks out, I expect it to easily reach $75,000, then retrace back to support (the previous resistance of $70,000), and then bounce back again. Overall, Bitcoin is appearing bullish. While there is a chance of Bitcoin being rejected from the resistance, the likelihood of that happening is very slim.
Stay tuned for more updates.
Best Regards,
VectorAlgo
SOL - Next target is ATH#SOL/USDT #Analysis
Description
---------------------------------------------------------------
+ SOL is showing confirmed breakout from the resistance.
+ Next target for the SOL is its previous all time high
+ With this strong breakout, i'm expecting the price to continue the bull trend.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 128.30
Stop Loss: 92.81
------------------------------
Target 1: 147
Target 2: 175
Target 3: 218
Target 4: 263
------------------------------
Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTC - Tell me what is next ? Breakout OR Rejection ? #BTC/USDT #Analysis
Description
---------------------------------------------------------------
+ As depicted in the chart, BTC is currently at a crucial juncture, trading near the all-time high (ATH) range on the monthly chart.
+ This pivotal moment will determine Bitcoin's trajectory, as a breakout could propel it to new ATH levels, aligning with expectations and historical Bitcoin halving cycles.
+ In the event of a rejection, the next support level is anticipated around the 47K range. However, the possibility of a breach below this support, leading to a target of 30K, seems less likely.
+ Personally, I maintain an optimistic outlook on a price breakout. I anticipate Bitcoin to consolidate near the ATH range, paving the way for a smooth ascent once the ATH barrier is breached.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
NIFTY DAILY - 7/3/2024Nifty open with Gap up and traded flat to positive after hitting records high that is 22525 level.
Nifty has formed small red body candle with lower and upper shadow.
Candle is trading near upper band of Bollinger Band.
Today nifty went above 22520 level which was resistance level but didn’t sustain, there for Nifty find nearest resistance 22520 level and nearest support lies around 22368 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 20
FII Buy + 7,304.11 crore
DII Buy + 2,601.81 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INJUSDT Poised at All-Time High: Breakout or Breakdown LoomsINJUSDT is on the verge of a critical juncture, approaching its all-time high of $43.35 on the daily chart. The price has been consolidating recently, attempting to break above this resistance level four times.
Technical Analysis:
Resistance: $43.35 (All-Time High)
Support: $32.23
Relative Strength Index (RSI): Supported at 50
Volume: Increasing volume coincides with attempts to break resistance
Key Observations:
INJUSDT is facing a significant hurdle at its all-time high. A breakout above this level could signal further upward momentum.
The price has been consolidating recently, suggesting a potential period of indecision before the next directional move.
The RSI remains at a neutral level (around 50), offering no clear directional bias.
Increasing volume during the recent price attempts at the resistance level indicates strong buying pressure, potentially aiding a breakout.
If the price fails to break above resistance, it could find support at $32.23.
Conclusion:
The upcoming move for INJUSDT hinges on its ability to overcome the all-time high resistance level. A successful breakout could lead to further gains, while a rejection might trigger a pullback towards the $32.23 support level.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
BITCOIN KEY LEVELS!There is a very nice range shown on the BTC chart!
I mapped out these levels to make it easier for you to see where the LONG opportunities and SHORT opportunities are.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
NIFTY DAILY - 6/3/2024After a three choppy session Nifty hit a new high in second half that is 22497 level.
Nifty has formed a big green body candle with long lower shadow which indicates buyers were buying from lower end and upper shadow.
Candle has taken support of 9 days Exponential Moving Average.
Nifty find nearest resistance 22520 level and nearest support lies around 22269 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 35
Decline - 15
FII Buy + 2,766.75 crore
DII Buy + 2,149.88 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
BTC - Comparing Previous Cycles 🌊Hello TradingView Family / Fellow Traders,
For those who know me, it's clear I always like studying previous price action.
"Know yourself, know your enemy. Many battles, many victories."
~ Sun Tzu
I find the Bitcoin Daily Chart interesting as it is approaching its all-time high.
If we compare this impulse movement to the previous two, we can see that after 58 days , the correction starts.
And if we look closely at the correction phase, we can see that first it was flat , and then it got deeper . Just like waves, the bigger the impulse, the bigger the correction.
Thus, when this third correction phase starts, we can expect an even deeper correction .
The question is: when will the correction start, and how deep will it be?
What do you think?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Next Nears All-Time High: Key Levels to WatchThe cryptocurrency Next is on the verge of breaking its all-time high (ATH) of $0.41390 on the weekly chart. If the price breaks above this resistance level, it could signal further gains for the token. However, if the price fails to break through this level, it could find support at $0.34618, the next key level is $0.31143.
Technical Analysis:
Resistance: $0.41390
Support: $0.34618
Relative Strength Index (RSI): 65
Moving Average Convergence Divergence (MACD): Bullish
Volume Analysis:
The volume of Next has been increasing steadily over the past few weeks, which is a bullish sign. This suggests that there is strong buying pressure behind the token.
Price Consolidation:
The price is currently in a small consolidation range. However, since the overall trend is bullish, there is a good chance that the price will break out of this range and continue its upward movement. The next support level is at $0.31143.
RSI Divergence:
There is a bullish divergence between the price and the RSI indicator. The price has made a new high, but the RSI has not. This suggests that the upward momentum is still strong and that the price is likely to continue to rise.
Conclusion:
The technical indicators for Next are bullish, suggesting that the price could continue to rise in the near future.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Can Btc reach the full target of this simple bullflag?Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can always be exceptions to the bullish continuation but those are always a low probability. Let’s see if we can reach this full breakout target of this recent bull flag before any significant pullback takes hold. If we do we may just surpass the first top of the last bull run and be very close to nearing the current all time high *not financial advice*
XAUUSD All time high attack?! heres my buy zonegood evening gold gang .. we are back for another week and an attack on all time highs!
A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form
i will need price to come down to the 2050 before i can buy back in to take it up to the highs.
Selling ill need that 4h to close and retest
Its going to be a patience game this monday and see if we get an opportunity to buy or not!
If it flies .. so be it! we will catch it on the way down
like and follow for more updates
catch you in london
tommy
BTCUSD | "BBC (big buyers circle)"Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years.
Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.
The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets.
Picking the TopThe Daily chart showed that price started below the 9EMA for this week and gapped up above the 9EMA on Thursday and closed the week well above it. Gap fill is at 497.37 and Support is at 503.50 which was a previous daily high. There is a Double Bearish Divergence on the RSI from a high of 74.77 to 72.56 and closed the week on a bearish candle that closed +0.07% with a 68.53 RSI.
Based on a Fibonacci Retracement (380.65 -> 459.44 bounced off the 0.382 Fib at 410.75) and Extension (2.0 at 538.23), if price holds 508.13 (1.618) it can run to 521.37 (1.786).
NIFTY DAILY - 22/2/2024Indian index opens with negative note and made days low that is 21875,
but into second half bull started buying from lower end and took over the market and made days high that is 22252 that is also a new all time high of index.
Index has form green body candle with long lower shadow and upper shadow which indicates that participants were buying from lower end.
We may see resistance at 22381 level and 21989 level will work as support.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NIFTY 22 FEB 2024 viewIf we look at derivative data
0.80% % DECREASE, with a 3.6% addition in open interest.
if we look at volume, there is a 23% rise compared to yesterdays volume
iv down by 4 points , pcr is at low point of week and IVP AT 89 percentile .
support now at 21930-21960 while after todays cool offnow 22250 -22280 likely to act as a resistance zone
Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia.
--------
Explanation of my video analysis:
In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Bitcoin Future LevelsI was having a conversation with a trader on my social media and he was sharing future projections of Bitcoin INDEX:BTCUSD with a parabolic curve. This is easy to draw using past major lows going higher and also with the fundamental force of the Halvening presumed to begin in earnest now or soon.
My feedback to him is that perhaps the obvious thing to do now is draw a parabolic price trajectory... but the market rarely does the obvious. My trading thesis, though wrong at present, has been that the Halvening is so expected and planned upon to the utmost... it will defy consensus like market events tend to do.
As a technical trader... I see price move from level to level respecting them partially or fully. Having stopped at one level for the ETF launch, then then conquering it, it is now at the 52.1 level. The next being 55.4 (weak but notable), after that 64.9, and conquering that level price will be very much guarantee price will be pulled up to the ATH.
Seen is the prior ATH break, one week after, before the last parabolic rise. When there is a big, fully closed bullish bar, from the prior ATH, parabolic projections may commence. Doing so before that is premature and can lead traders to overleverage the "sure thing".
Sure, waiting for something like this runs the risk of FOMO, but it is far more probable thing to bet on.
Nifty - Reflection of India's Sanity - Ready for New HighsFeb 12 to 16 - Another wonderful and Powerful week for the Indian Market where our market deceived the Global markets and Stood Strong and Tall while Global Markets were Bleeding.
It was very evident that Nifty and its cousins (Smallcap, Midcap, Energy, Auto, Pharma....) are super strong and are heading for newer highs
Here is the Technical View for the Week of 19th Feb:
Gift Nifty: Started the week with a Gap Up & Green Candle. The Last of the last Resistance before making new highs is 22,205. once broken Gift Nifty will Trade above the Earth's Atmosphere :)
Nifty 50: Nifty following a similar structure is all set to break out of its last resistance at 22,125 to head towards uncharted Territory
Given the upcoming Elections, the Ruling Party can't afford to lose their image with a crash in the market. Over the past 3 Quarters, the Indian Retail community have grown so strong that FII selling is no longer a major issue. Despite continuous Daily Net Selling by FIIs since Aug 2023, Indian Market marched forward like a Battalion of Determined Soldiers to make newer Highs.
We are slowly becoming Immune to FIIs selling, but FII buying will actually be complimentary to our market to take us to new highs. This the sign of Indian Becoming Truly Atmanirbhar....
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Bitcoin is Finishing bullish wave In my opinion ATH is not available before halving and before massive correction , Maximum Price would be 58200 and Final destination for my expected correction wave could be 29k-32k, Im not sure how much could be fast or slow but most probably before halving we will not see ATH.Do not get caught up in fomo. now is not good time for long position and buy. The market will provide us with better opportunities