Path to All-Time Highs for BTCOver the weekend, there was accelerated buying in bitcoin, and it broke through the $45,500 resistance. This week, we watch the $50,000 level as the next physiological level of resistance. We are mainly watching to see if bitcoin can hold up at these current levels.
I am looking for a pullback into the $42,000 - $45,000 support zone to buy. If i see strong selling pressure and prices holding below $39,000 I will stop out of the trade.
First target: 51,000
Risk Reward: 2:1
Second target 59,500
Risk Reward: 4:1
ATH
$JNJ to make new ATH's$JNJ looks primed and ready to make new all-time highs this week. JNJ is in an ascending channel and based on RSI staying above 50 combined with MACD building and not near its relative "max" (about 4.44), this stock looks like it has legs. I think it is about to break through resistance relatively easily.
With this risky, volatile, day-to-day market, healthcare will be one of the sectors to hide out in and have relative stability and more potential for upside. A good defensive place to be that can be a lucrative trade/investment. JNJ is the best-in-breed, blue-chip with a solid diversified portfolio and potential for capital appreciation alongside a 2.40% dividend yield.
Healthcare is going to be a killer sector to be in if you have about a 5-year time horizon. During tightening cycles, tech, energy, and utilities do well, but I do see healthcare being one of the need-to-be in sectors going forward.
XLM - Stellar Moon Shot - New ATH Soon Here I have my next idea. XLM!
This is a long term idea.
To start :] we have a higher lows uptrend. Will it continue upwards momentum?
I drew out all the main resistances and support lines. I believe certain altcoins are completing a cup and handle on the monthly and weekly charts.
XLM should hit the target around $4.00. I believe that the appreciation value hasn't reached the blow off top yet for XLM.
This is just an idea and not advice on investing nor trading. Do your own research and thinking before investing or trading volatile assets.
Who's holding?
XRP ATH in sightXRP is moving in this bullish channel from two year and more. For more than a year XRP has been damaged by the cause induced by the sec. When these judicial problems are resolved, xrp can be listed again on US exchanges. Also, during the last bullish wave, XRP was the only one to remain fairly stable. But the time for rest is over and spring has begun. I expect an all-time high by October.
SOL SOlana can potentially reach 400/420$ in June/July 2022In the short term a descending triangle is up to be broken, if it will break up the target in medium term can be ATH to 400/420$. I don't see any problem for SOL to reach that target. Long terms target can be above $1,000, I don't think it will happen in the next bull run but that depends on many factors, and in crypto never say never.
BITCOIN ALL YOU NEED TO DO IS ZOOM OUTAfternoon frens,
Bitcoin has been side stepping since 10th Jan, so pretty much the whole of 2022 so far. Although this can be frustrating, in times of consolidation it's best to just sit on our hands and wait for the market to give us a direction.
As you can see we have been bouncing around the fib levels and weekly resistance. There are quite big wicks either side, indicating both bulls and bears are getting slaughtered in the market. Whenever indecision is present, I sit on my hands and wait. Trying to enter the market now is a guessing game and will mostly end up on the wrong side.
We did achieve a weekly close above 40K last week aka the .618 fib level. This does indicate bullishness in the market, however with all the indecision, I'm still not happy to trade here. Instead to confirm my bullish bias I would be much happier waiting for;
A close above EMA's
A close above 43.5K
I will be watching PA only lower TF for bullish market structure
A weekly close above 45.8K to fully confirm
If this happens my target will be the fib extensions @ 87K & 117K respectively
Despite the consolidation we see at the moment, I am overall bullish on Bitcoin. There seems to be a lot of uncertainty in the market right now, when that is over BTC will have its day. The DXY is also at an interesting turning point, it either carries on strengthening or it collapses. My guess would be a collapse is round the corner as this will coincide with fundamentals at the moment. I can't see the Dollar becoming any stronger than it already is.
Once the DXY collapses that is when BTC and ALTs go on their run. I'm looking forward to it.
Alternatively for the bearish perspective I will be waiting for a close below 33K next target would be 28.6K followed by 22.6K worst case which is the fib extension to complete the impulsive move down.
Have a great day, appreciate you taking the time to check out my TA. Please comments are open, lets discuss :)
Cheers,
Chartster
CUP & HANDE on GOLD This year has been quite the sell off this year and what’s happening over seas is making a very uncertain market. With news on inflation and stock market getting near very negative territory the flock to gold has been strong. It made a rejection at ATH and made a head and shoulder sell of which made a breather and let interest rates settle in. Now with a cup and handle on the board it could be trying to make its way to all time high again and maybe possibly break through it around 5-15%
Monero Leads Altcoin Rally on MarketAt the beginning of March, Monero also faced a sudden volume and price increase as market players turned their heads toward "private" cryptocurrency solutions. The price of the asset reached $178 at the local peak.
We observed the highest price for the asset on Feb. 10, when XMR was trading at $187.
Related
DeFi Tokens Tank as Devs Quit
Though the asset shows short-term gains, Monero trades in a sharp downtrend along with most of the assets on the market. According to TradingView, XMR has lost almost 70% of its value in the last 300 days of trading. Monero reached its ATH in May and has been trading at approximately $480.
Gann Square BTCI took angle trend to square up the charting at a 45 and a 135 but from two directions. I used ATH and from each side up and down there lows before the reversal is where I put the 135 and 45. Once it met at ATH at the cross I put Gann squares from both directions. The having theirs opposite squares to see if any respect was giving off the lines. Then I continued the ganns to see how long it hold the respect.
USOIL trend reversal??Hello traders and welcome on my analysis:)
Everybody is speaking about usoil and predicting new ath and so on,...
So, it's is possible, but check the situation.
This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level.
On RSI we don't have bearish divergence now, but is already overbought. The value 85 and more is really big number.
My trading plan? I will wait for daily divergence and then entry to the short. It's risky short so I will use only small capital.
Target for shorts is around 100-80USD
Ghost trend BTC Cycle anti-Hype and anti-FUDI have bin looking at a possible ghost trend without Hype and FUD calculated in.
I think that BTC markets are currently over Hyped and need to go sideways for a couple of weeks
This would result in the biggest BTC market bottom forever.
This can also mean we have bin in a bear market/sideways trend seen before the first hype cycle coming above 30$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.