ETCUSDT.PIt appears that the price is approaching the 4-hour Point of Interest (POI), which looks promising. Additionally, I've noticed that both the 4-hour POI and the 1-hour Order Block (OB) coincide. Therefore, I anticipate a favourable reaction in this zone with a potential upward bounce.
Please write your opinion on this analysis in the comments.
If you find the analysis helpful, it would be appreciated if you share it with your friends.
Block
FTMUSDT.PAfter Breaking POI 4H to the down side , reaching to 4H OB would make a good opportunity for long. but according to my strategy, due to weak upmovement, pending order is not recomended.
personally, I am waiting
1- to reach 4H Order block
2- check if new LLLH in 1H is establishd or not
if market creates new LLLH i will go long after breaking recent high
if market was not able to create new LLLH , getting confirmation from 15m time frame
required
i would update the chart based on all mentioned above
hearing your opinion about this analysing would be my pleasure
AVAXUSDT.PI've observed a significant upward movement in the 4-hour timeframe, indicating a potential trend reversal. However, it's crucial to acknowledge the substantial fluctuation within the 4-hour Order Block, underscoring the need for confirmation.
Despite the pronounced fluctuations, the 4-hour Order Block remains unbroken, and the overall trend is still bullish. Concurrently, the 1-hour timeframe signals a downtrend. In light of these conflicting indicators, it is not advisable to consider a long position in this zone. However, with effective risk management, one might consider entering a long position at the current price on the chart
After reaching the 1-hour Order Block, and upon receiving confirmation in the 15-minute time frame, a potential short position could present a favorable opportunity
I am trying to explore all possibilities and map the path of the market in the future. I hope my analyses help you gain profits. It would be my pleasure to hear your thoughts on the analysis.
MARINADE ( MNDE ) ON THISI was just looking at the MARINADE MDE-USD COINBASE chart and had a hard time thinking this is the top.
What does the volume tell you?
Where is support?
Where is resistance?
Does a trade make sense?
What timeframe are we basing actions on?
Just a few of the things I think about. Because the BTC ETF decision is so close, I'll be quick to cut any trade. Always use stop losses.
Not financial advice :)
Cheers!
Block (NYSE: SQ) Could Be On The Conduit Of Potential Catalysts'Square-parent Block (SQ) on Thursday reported third-quarter earnings and revenue that topped estimates. SQ stock jumped on preliminary 2024 guidance for earnings before interest, taxes, depreciation and amortization, a key metric known as EBITDA.
Released after the market close, Square earnings for the period ended Sept. 30 were 55 cents per share on an adjusted basis, up 31% from the year-earlier period. Analysts had projected earnings of 47 cents a share.
Also, Square said net revenue rose 24% to $5.62 billion, including Cash App transactions for digital cryptocurrency Bitcoin. SQ stock analysts had predicted revenue of $5.42 billion.
On the stock market today, SQ stock surged nearly 19% to 52.29 in extended trading. In Thursday's regular session, Square stock rose 7.3%.
Square Stock: EBITDA Key Metric
Financial analysts also view gross profit as a key metric for SQ stock. Gross profit rose 21% to $1.9 billion, edging by estimates of $1.895 billion.
Cost-cutting boosted earnings before interest, taxes, depreciation and amortization, a key metric known as EBITDA. It jumped 46% to $477 million, handily beating estimates of $378 million.
For fiscal 2024, Square said it expects EBITDA of $2.4 billion, up about 44% from this year's estimated $1.67 billion. Analysts had projected 2024 EBITDA of $1.94 billion.
In Q3, gross payment volume from the transactions of merchant customers rose 11% to $55.7 billion, missing estimates of $61.14 billion.
SQ stock had retreated 24% in 2023 heading into the Block earnings report. San Francisco-based Block's earnings included consumer lending firm Afterpay.
SQ-Potential Scenarios to Watch for Over The Next...Head and shoulders pattern identified on the weekly chart.
I will be watching for a break or retest of the 52 week low or a break and hold above 47.50.
A break below the 52 week low would confirm that market participants want to take the stock lower. However, a break and hold above 47.50 would confirm that participants are interested in taking the market higher.
On a lower time frame (specifically the 4H chart), data shows price broke below the .618 fibonacci retracement level and retested (see image below). The stock could potentially move lower being that it retested the .
Furthermore, price rejected the same level three times on the 1H timeframe.
Something else that should be pointed out here is the daily chart shows an increase of sellers over the last three trading sessions.
*Side note -Interestingly, SQ is in the price area it was at the beginning of COVID-19. A break below the 52 week low may cause price to retest the low from April 2020. Should price reach the low from April 2020, we should watch to see if price finds support or breaks down further.
SQ has hit a new lowSQ has hit a new low
This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relatively low from May 2022 to the previous week. This week, it has hit a new low in recent times, reaching below the top to bottom golden section of 3.618 in the figure! The stock of Block Company is about to challenge the bullish starting point at the bottom of early 2020, which is the opening price of $38.47 for the week of March 23, 2020!
2022: The year of Jack DorseyAfter leaving Twitter to solely focus on Bitcoin, I believe the re-brand of Square to Block is going to be huge in terms of direction for the company.
Bullish on Block, one of the largest Bitcoin focused companies paving the way for mass adoption.
This is the next generation of banking.
Don't underestimate the Jack.
Block (aka Square) SQ Is at the Discount Price Level!SQ - Block (also known as Square) is at the Discount Price Level. It may be tie to dollar cost average into SQ. This level has shown to be a discount level about 4 times in the past. Remember past performance does not dictate future results. Also, fundamentals trump technicals every time. Do your research and determine if this technical analysis matches up.
Portfolio Builders Club - Encouraging everyday people to start building a portfolio of growth and cashflow producing assets.
Square gearing up for $100+I am going to start doing things a bit different for my charts so please leave in the comments below if this chart or way of looking at it is better and understanding the text also.
Wave 1 Price at high $89.95 (10/14/22-2/1/23): These dates represent how long the waves lasted as we progress through them. The green wave count in the smaller text is wave count inside the bigger wave 1 and represents bullish signs.
Wave 2 Price at low $55 (2/3/23/-5/13/23): We saw a decline in Square during this time period that was pretty brutal... almost a 40% drop from the highs of wave 1. During this period, people tend to think recession and panic when they see drops like this happen so fast. Also, Wave 2's during a bull cycle of a stock tend be the worst drops when they happen compared to wave 4's.
Wave 3 Price Prediction at high $117 (Date unknown): This is the wave cycle we are at now and if that is true then we are headed much higher and we should all be buying this stock right now. Inside of wave 3's we see a lot of bullish signs in the market, news, and everything.. It is the best time to hold a stock as the most gains are made in a wave 3.
Block Inc Long IdeaNYSE:SQ followed 102 Day Bearish trend, which was reversed 35 days ago with bullish divergences and increasing bullish volume. Since then, the trend is following a parallel channel. A trendline break out of this bullish run was confirmed 19 days ago.
Trade Plan with 2 Entry Points
Risky Entry
Entry @ 66.60
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 1.56
Optimal Entry
Entry @ 65.18
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 3.59
Since the stock is favored fundamentally, taking partials at the TP level is advisable, and letting the trade run with training SL using ATR with the multiple of 1.5.
Time to Squre upHello everyone,
Block got left behind in the recent Fintec bull-run. In my opinion, it is hugely misspriced as it is not yet in the eyes of wallstreet, but given that it is sitting on the support levels, the company is expecting profitability by the end of the year and over-all the great health of the company, this really gives us a nice set-up.
The Stop-loss would be below $45.
Take-profit 1 would be $72 with the closure of the gap.
Take-profit 2 would be $90 at the top of the channel.
Given the bullish stance on the market on all growth companies, most of the trades are working nicely from the support set-ups.
Good luck to all!
SQ: Inverted Head and Shoulders and Bullish Bat at 0.886 RetraceSquare is currently trading at the macro 88.6% Fibonacci Retrace and has formed a Bullish Bat on the Daily all while forming an Inverted Head and Shoulders Pattern and now we are looking to see if we can break back above the 88.6% Retrace and challenge the neckline; if we do then I wouldn't be surprised to see it rally back up to where it dumped from originally.
Block: In the starting blocks… 👟Block hast just finished wave B in turquoise and is in the starting blocks to take off. Soon, the share should gain enough upwards momentum to make it above the resistance at $89.97 and even further from there. However, there is a 39% chance that Block could break away and slip below the support at $51.16. In that case, the share should develop a new low in the form of wave alt.2 in green first before heading upwards. This new low would then be located in the magenta-colored zone between $40.97 and $19.12.
BTC's great wall hi ,
as u can see on Weekly timeframe BTC has a great block ahead .
recently price made its way into the block but now is rejected and all this week move , was only a retrace into it , so what happens now ?
as u might have already guess , SHORT on BTC seems acceptable , but !
if price goes in and out of this block in the upcoming weeks , and kinda plays with its boarders ,
THEN ITS POSSIBLE FOR PRICE TO BREAKE ABOVE THIS BLOCK .
but for this week and the next week , i am short on BTC
SQ Block Options Ahead of EarningsIf you haven`t sold SQ Block here:
Then I think you already know that the company is accused of fraud!
Now analyzing the options chain of SQ Block prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $2.71.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
SQ Block Options Ahead of EarningsLooking at the SQ Block options chain ahead of earnings , I would buy the $72 strike price Puts with
2023-3-3 expiration date for about
$3.33 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
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