KPIT Tech may take a fall due to raising wedge the general rule for raising wedges give some price drops ,looking into the pattern it is imminent a drop can take place in coming days..
Rsi is making divergence ,wrt price and volumes are exhausted.
Bearish Trend Line
Not so OPtimistic moving forward on OPUSDT. See commentsOP/USDT 1-week: OP is looking weak after the "D" rejection at the upper trendline of this large descending channel. Also notice the inability to cross the 50 level on RSI, highlighted. Fisher descending trendline in effect. A potential bounce to the 1.45-1.60 level should be treated with scrutiny, as the long term picture indicates a prolonged bottoming process that could take us all the way to 0.30-0.35. Fib extension tool confirms this view with 1:618. Crucial support at 0.62 price level and that is the pivot point from Oct '22 as well as 1:1 Fib ext.
For more insight follow PIK at EXMO Study!
Bitcoin - This week 10% pump or 10% dump! (BREAKOUT)
This week is going to be huge! We have this head and shoulders pattern that is ready for a massive breakout. I give it a 70% chance of breaking down and a 30% chance of breaking out of this pattern.
The most important thing is to let me know in the comment section what you think about this upcoming crash or pump! Up or down?
Bitcoin is on the road to 20k and potentially 15k later this year if this pattern breaks down, so for the bulls, it's important to defend this support and start a new uptrend from here.
As you probably already know from my previous ideas, September is the worst month for Bitcoin, with an average negative return. That means the price of Bitcoin usually goes down in September. This is a statistical fact, but of course it's not a guarantee. It's likely for Bitcoin to go down based on historical data.
The halving event in April next year is still too far away, so you cannot rely on it. Most likely, we are going to find the bottom on Bitcoin in March 2024.
This is a quick update on the price of Bitcoin. I always give you a complete outlook for Bitcoin to stay updated on all time frames. From monthly to hourly. Make sure you follow me so you do not miss out on my next update!
We all know that the price of Bitcoin can sometimes become very boring when it's stuck in a range and volatility is at its historical minimum. But it is how it is, and that's why if you are a crypto trader, you can trade altcoins as well for diversification purposes.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Bitcoin - Secret patterns for professional traders!
The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all!
You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price!
Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4).
As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.
This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Bitcoin - The next crash is coming! But first, bullish action.
The next crash is coming for the price of Bitcoin, but first we need to correct the recent downtrend! This correction can be pretty significant up to the 0.618 FIB retracement, which is at 27,609. You probably want to set your limit orders to short BTC at this level!
After a bullish correction, I expect another huge crash, kindly to 20k. But of course we are not going to go down in a straight line; there will be a lot of bullish corrections, so you need to be clever on when to short Bitcoin.
Resistance 2 (start of the GAP + 0.618 FIB) is at 27609, and Resistance 1 (end of the GAP + 0.382 FIB) is at 26406. I see only these 2 levels where the bears should step in again!
Above the current price, we have an unfilled CME gap exactly between resistance 1 and resistance 2. These gaps tend to be filled, but of course, it's not mandatory.
Bitcoin spiked significantly last week on the GBTC news; a lot of people were really optimistic and bought the pump, but a huge crash followed. It's similar to the XRP news: XRP pumped by 100% and then went down below the starting point of the pump.
From the Elliott Wave perspective on the chart, we can see a strong impulse wave, which is a sign of weakness for the price. The expectation is that we need to make an ABC bullish correction before continuing to the downside in the downtrend.
This is my current outlook on BTC; I am still bearish, but we need to open short at higher prices!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Bitcoin - Bull trap of the year! (fake pump)
Bitcoin pumped significantly, but it's definitely a bull trap, so do not fall for it! We can see that the chart is printing a huge head and shoulders pattern, which is a very bearish sign.
This pattern is not confirmed yet as the neckline is holding, but the price is below the major blue trendline, which increases the probability of a breakdown!
The trend is not bullish anymore, and this pump is a great opportunity to short Bitcoin.
Where to take profit or buy bitcoin? I strongly recommend the 0.618 FIB retracement in confluence with the CME unfilled GAP. This is an extremely strong support, and we should see the start of a new bull market or at least a significant bounce from it!
I don't know about you, but I am bearish! Let me know in the comment section: are you bullish or bearish? I want to know your opinion!
Altcoins don't look good at all. I can see a huge crash on DOGE (70%). This indicates to me that Bitcoin is still not ready for a bull market.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
EURUSD will higher moveThs is my psychological view about eurusd .it has already printed double bottom in the 1H time frame but ,due to the weekly close of the market may be reduced the strength of the doble bottom .so to breakout this bearish channel EURUSD has to form a new patter like head and should to make a bullish reversal .so i am expecting a bullish bias for the next week on the EURUSD
Bitcoin - Be aware of the final dump! (triangle)
This is a quick update on Bitcoin's short-term price action! Bitcoin is moving in 3 wave structures, which indicates a triangular formation that usually breaks in the direction of the main trend!
I am bearish on BTC until we hit my price target of 24800, which is a significant swing high from June. The triangle suggests it as well.
I expect a final impulsive wave to the downside before a pump back to 27,000. I think this break of the triangle will be only a fakeout to take liquidity, so make sure you take profits and do not stay in the short position for a long time!
Now the question is, will we see another bounce from the ascending trendline of the symmetrical triangle? It's really possible because, from the Elliott Wave perspective, triangles have 5-waves in them, as ABCDE. Now Bitcoin is in the D wave. But sometimes triangles are shorter, and we could go down sooner rather than later.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Overall, you probably know that I expect 21k to be hit later this year and potentially 15k next year, so do not buy any Bitcoins at the current price!
Thank you, and for more ideas, hit "Like" and "Follow"!
Tesla Bearish Weekly Analysis Till 101.81www.tradingview.com
1. Daily Below 200 EMA Strong Bearish Signal
2. Below 211.36 Red Daily Close Confirmation
Levels
1. 200.55-191.88
2. 177.25
3. 148.42
4. 101.81 - 98.89
you have to see this shiba inu analysis very helpful for entryprice making higher low and lower low...not good for investment right now...i think it can go more lower...
if helpful like and follow..thank you.
USDJPY, Bearish, Swing tradeGood afternoon,
I hope everyone had a great weekend and previous trading week. Here I present a premarket forecast for UJ for this trading week. Last trading week UJ was bullish, breaking a key daily supply/demand area @142.118. Toward the end of the week, price reversed and closed below the same daily area of supply/demand @142.118.
Price rejected at a key 4hr level @141.731 with potential to retracement back to area @142.118.
If anyone has any questions, comments, concerns, or similar analysis, please share, comment, or boost.
UniUsdt trend reversal ?Uniswap making the channel pattern, a bearish flag breakdown of pattern can lead uniusdt to fall.
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.DYOR
Bitcoin - Falling wedge will send BTC to 32k! (act quickly)
The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly.
We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K! 32k is a strong resistance because of the ascending trendline, so make sure you take profit or open a short when the time comes!
On the way up to 32k, we have some minor resistances, such as the previous unfilled FVGAP and 0.618 FIB retracement. Good for intraday pullbacks, but nothing huge.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
From the Elliott Wave perspective, we clearly see an overlapping structure in the downtrend. I marked it as WXY (double three pattern). Also, the X wave looks like a triangle, which suggests that the downtrend is almost over.
This is my update on BTC. I expect higher prices for the crypto market in the next few weeks! Alt season is ready, so make sure you buy some altcoins if you haven't already, as per my previous analysis. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately!
What do you think about Bitcoin? Let me know in the comment section; I look forward to your opinions!
Thank you, and for more ideas, hit "Like" and "Follow"!
BNBUSDT update 4h - BEARFLAGBNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
ALPHAUSDTALPHAUSDT was respecting the falling trendline but recently it break the trendline along with bullish divergence. Currently the instrument is making support zone but it seems like it is getting ready for some serious bullish momentum.
BNBUSDT Bearish ImpulseBearish Impulse wave in development. Technical analysis up-to-date. After the fake-out from the major contract triangle, we can see clearly the direction of an inexorable leg downward. New levels for watch. Price action is currently retracing to the micro supply @ 239 region.
GOLD → Breaking the trend on Friday, BUT...OANDA:XAUUSD market is still bearish. Breaking through the resistance of the descending channel may not play a key role. The price is in a global wedge and we see a bounce forming from support.
On Friday, we saw a strong rally that many did not expect. The price was bullish on the inflation related news. Looking at the technical picture some things might become clear.
Pay attention to the D1 chart below. A global wedge is forming. At the moment the market is still in a consolidation phase in a downtrend format.
The retest of the wedge resistance is forming. At the moment, there are no prerequisites for the price to break the resistance of the wedge in the area of 1935-1939.
Breaking through this area will form a strong momentum that will start to strengthen the price.
At the moment there is a high probability of price fall from resistance. Consolidation may continue.
The Fed is not going to cut rates, therefore, the strengthening of the dollar after a small correction may continue, and gold may fall in the medium term.
Support levels: 1912
Resistance levels: 1920, 1938
I expect a correction to the support and possible strengthening of the price to the resistance. If the price breaks through 1912, it will head towards the area of 1902.
Regards to R.Linda!
XLMUSDT - Breaking through bearish trend resistanceBINANCE:XLMUSDT forms the bottom, relative to which the price develops positive dynamics. After testing 0.0758, a rally is formed and the price makes a retest of the trend resistance.
As we can see, a three-day accumulation is formed in relation to the resistance. The market is obviously ready to continue rising, but in order to do that the price needs to overcome the resistance.
The resistance at 0.1035 is worth mentioning. The bulls may fight hard for this level and if they manage to hold this area, the coin will show a good result in the middle term, because the level of 0.1035 is the range support, whereas the resistance and the target for the price may be the upper boundary at 0.1305.
Support levels: 0.0959 and 0.0987.
Resistance levels: upper trendline, 0.1035, 0.1130
I expect a confident bullish position above the level of 0.1035. An indicator for this will be consolidation above the level. Medium-term perspective - growth up to 0.1305.
Regards R. Linda!
GOLD → The bears are quite strong in the market. Falling furtherOANDA:XAUUSD forms another bearish range of 1912-1985. The price is descending in steps in the channel, which indicates a strong dominance of sellers in the market. What do you want to see next?
After the false breakdown of the support 1895, the market tries to buyback the fall and it succeeds. The price makes a retest of the resistance 1912. Another false breakdown is formed, but this time it is resistance.
On the schedule is clearly seen a bearish trend, which coincides on H1, D1 and W1.
The fundamental background is negative. The Fed is discussing a further rate hike, which may strengthen the dollar and weaken gold.
The price is again testing the local support at 1902. If the level is broken through, the price will head towards 1895 and then maybe towards 1890.
Resistance levels: 1910, 1912 and 1924.
Support levels: 1902, 1895
I expect the price will continue falling down against the bearish trend after breaking through 1902 or 1895. Resistance levels are strong enough and will not let the price through.
Regards to R.Linda!
USDCAD → Realization of a symmetric triangle on W1FX:USDCAD on W1 demonstrates exiting a symmetrical triangle downwards. A correction or rebound from downtrend support is forming. What to expect from the price in the near term?
The price forms a bearish price channel and after another retest of the trend support the currency pair forms a rebound to the resistance area 1.32697-1.33171. There is a high probability that the price will not break this area and after consolidation and a break of the limit support level 1.32400 will continue its fall to 1.31214.
The market is controlled by the bears, the medium-term potential is 1.28000
The 200-hour moving average acts as resistance and supports the upper boundary of the channel; the 50-hour is support, but probably not for long.
Resistance levels: 1.32697, 1.33171, MA-200
Support levels: 1.32400, MA-50
I expect the fall from the resistance area will continue. Realization of the global pattern, which is able to send the price to 1.28000, is forming.
Regards R.Linda!
GOLD - Negative fundamentals are bad for the price OANDA:XAUUSD forms a new local low and then makes a retest. The bearish scenario continues, which tells us that gold will continue to red, unless, of course, the fundamental backdrop takes the opposite direction.
The phase of realization of the accumulated potential is forming.
When the support of the 1939 range is broken, there is a new downtrend in a channel format. On the chart we see the downtrend range, the price clearly observes the limits and on Wednesday it forms a new local low of 1902. On Thursday we see the return of the price to the retest of the support. Hence, there is a possibility of a breakout of 1902 and further declines.
Either the bears are strong or the fundamental background is influencing the bulls.
The moving averages are showing a strong downtrend.
Support levels: 1902, 1895
Resistance levels: 1912, channel resistance, 1928, SMA200
Since the chart gives us plenty of bearish suggestion, I will continue to hold the view that price will continue to fall. Pay attention to D1, price is only in the middle of the range, the target could be support 1800
Regards, R. Linda!
GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again.
on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area.
also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold
good luck for this week..
OANDA:XAUUSD
GOLD → Price is testing 1912 support for a breakout OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside
Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area. Price starts to consolidate below the local bearish resistance and near the level of 1912.5.
Based on the technical analysis we see a very high probability to break through the support (a deep false breakout is possible). But we consider support at 1895 as a medium-term target. But again, if today's news affect the gold prices and if the resistance is broken through, we might see an increase to the upper boundary of the range.
The moving averages are pointing to a global stop and an attempt to change the bullish trend.
Support levels: 1912.5, 1895.5
Resistance levels: 1917, 1920.
The retest gives a strong signal. For this reason, on the background of the falling market, I expect a breakout of the key support with a further decline to 1895.
Regards to R. Linda!
