USOIL trend reversal??Hello traders and welcome on my analysis:)
Everybody is speaking about usoil and predicting new ath and so on,...
So, it's is possible, but check the situation.
This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level.
On RSI we don't have bearish divergence now, but is already overbought. The value 85 and more is really big number.
My trading plan? I will wait for daily divergence and then entry to the short. It's risky short so I will use only small capital.
Target for shorts is around 100-80USD
ATH
Ghost trend BTC Cycle anti-Hype and anti-FUDI have bin looking at a possible ghost trend without Hype and FUD calculated in.
I think that BTC markets are currently over Hyped and need to go sideways for a couple of weeks
This would result in the biggest BTC market bottom forever.
This can also mean we have bin in a bear market/sideways trend seen before the first hype cycle coming above 30$k to the first new ATH of 64.8$K
In this time the BTC market has made a 1 to 1,5 year long bottom. Powered by Hype Cycles, H&S pattern's and new ATH's. With news effecting the ( BTC ) markets.
Better reasons for market bottom
Hype Cycles
- Money printing
- inflation at 7%
- Adoption form retail/ working people
- Active development
Note: I think that these Cycles are needed to make BTC / CC work currently.
H&S pattern's ( Head and shoulder pattern's)
- The first money hype cycle resulting in H&S pattern and Wyckoff distribution pattern
- The second H&S pattern forming at the 52$k top ---> resulting in down trend up to 10/21 --> 69k top.
- And the last H&S pattern forming at the current ATH at 69k ---> resulting in down trend up to 24/ 01 /22 ---> next cycle for 2-3x current ATH .
Note: I think that these H&S pattern are not good for a BTC market. But good for buy prices.
Hoop this helps
Bitcoin Coffee Cup will take us to $74k-$80k! New ATH!Bitcoin Coffee Cup will take us to $74k-$80k! New ATH in a few months!
According to Support and Resistance and Volum our Bullish trend could take BTC price to new ATH between $76k-$80k in a 2-3 months.
After huge downtrend we had a Major Turn level, then we see the second drop which gived us Double Bottom ($33k & $34k) and now BTC is accumulating a huge Volume to start the Bull run to new ATH!
50 Days and 200 Days EMA is also close to be crossed which gives us addiction signal of Bull Run starting.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
GOLD weekly analsyis 🦐GOLD on the weekly chart is testing a weekly resistance level at the 1910.
The price has broken the descending weekly trendline showing us a market strength and the uncertain economic situation can create a new bull run on XAUUSD with a test of the previous historical high.
Amid inflation concerns and rising geopolitical conflict, the price of gold climbed to its highest level in about eight months. The price of gold futures briefly eclipsed $1,900 on Friday, marking a 6% increase from a recent low in late January.
I reckon the retracement near to the end of the week might be moved by the end of the February month and in my years of experience, the last week/ days of the month can provide unexpected and irregular price action moves.
How can we approach this scenario?
The bull pressure on the weekly resistance with high volumes can increase during this upcoming week and a break above that area will be a sign of strength.
We will monitor the price after the break and consider a long order if our Academy rules will be satisfied.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
BTCUSD price predictionTo truly see what this value point indicates for the BTC cryptocurrency token, we will be looking at the token’s all-time high value, alongside the performance the token showcased throughout the span of the previous month.
The all-time high value of Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77. This gives us an indication that at its ATH, the token was $33,472 higher in value or by 94%.
When we go over the token’s performance throughout the previous month, Bitcoin (BTC) had its highest point of value on January 2, 2022; then, it reached a value of $47,730.23.
The lowest value the token decreased to throughout the month was on January 24, when it saw a value of $33,495.91.
This marked a decrease in value of $14,234.32 or by 30%. However, from January 24 to February 24, BTC is still $2,076.86 higher in value or by 6%, despite its recent decrease in value.
This still puts BTC at a solid price for purchase, as it can get back up to $38,000 by the end of March 2022.
$AXPDouble bottom into a bull flag. We should see a little pullback then another break towards ATH. If that doesn't occur look for the stock to fall to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:AXP
Bitcoin New ATH! $80k in a few months!BTC New ATH Idea 2022! $80k in a few months!
Will we hit $80k in a few months?
Which scenario will you choose 1 or 2?
Please, leave your opinion in the comments.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
BTC New ATH Idea! $80k in a few months!BTC New ATH Idea 2022. What do you think about it?
Will we hit $80k in a few months? Please, leave your opinion in the comments.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
30% chance of ATH soon for BTCIn this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring.
Continuation to ATH: 33%
"Dead-cat bounce" with a head and shoulders forming in the $48K-55k range: 33%
Immediate rejection around $48k-52k, then a drop down to the $30k range: 33%
Yea..."it could go up down or sideways"... I get that, however this is my "more detailed" version of that here.
A healthy movement on the RSI over the next week or two will be the best indicator here for the bullish scenario, and an over correction of the RSI will most likely signify the bearish scenarios.
🌳very important terminologies in Trading🌳Hello every one
🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart
🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price
🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action
🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action
🔵(4) Trend line
a line indicating the General Price Direction of a chart
🟡(5) break out
when the Price of the asset break through a pre-determined Trendline
⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.
🟢(7) pump or bullish
The price of an asset is going up
🟡(7) Dump or bearish
The price of an asset is going Down
🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value
🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
BIG news! BTC broke 45k! Bull market cycle getting closer! Another HUGE move by BTC. I didnt think we would cross 45k this week. Maybe next week but it happened TODAY. There is some serious strength going on with the market now and all indicators are showing this is the start of a full reversal. As i always note this isnt 100%, we are marking off check box after check box and we have just a little bit more to confirm before we can ring the BULL MARKET ARRIVAL bell. Exciting times. Good luck everyone!
I also go over SHIB a bit in this video and I go over showing how BITCOIN affects the crypto market as a whole.
Juicy Bottom With A Big BounceI chart using a modified elliott wave theory. I chart to the rules and nothing more. These targets are on the assumption the the entirety of the wave is yet to complete. No valid reversal I can see at this point. down we go, but here are some crucial buy levels. Never make a trade without a stop loss!