Bitcoin ($BTC) Indicating Bullish MomentumBitcoin ( CRYPTOCAP:BTC ) has shown strength with bullish momentum in recent days, but the ultimate challenge is overcoming the significant 31k support/resistance level.
- A successful breach of this barrier could pave the way for CRYPTOCAP:BTC to reach the 38-40k range by mid-December.
- However, if Bitcoin fails to surpass 31k, there's a potential for a retest of the 25k support level.
Breakoutsignal
Life highBelow 370 for stop loss for the target of 470
No recommendation for buy and sell
Take own analysis
Stock multiple time try to break 400 level but not possible no breakout and sustain above this level
Be careful for global market 🐻 so take own analysis and risk no recommendation for buy and sell
GBPJPY Descending Channel Breakout We expect further upside on this pair which is signalled by the breakout of the descending channel pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
AUDUSD Bullish Pennant BreakoutThe pair is already in an uptrend on higher time frames. We are expecting further upside which is signalled by the breakout of the bullish pennant pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on retest of the key level.
BTCUSD (D) DAILY ANALYSISThe recent bullish movement in the BTCUSD market can be attributed to a combination of favorable regulatory decisions and robust community engagement, as highlighted in my previous analysis. The announcement by the SEC to not contest the court ruling favoring Grayscale Investments and their Bitcoin ETF plans has significantly bolstered investor confidence. This decision is perceived as a positive step toward creating a more conducive regulatory environment for Bitcoin ETFs, effectively alleviating concerns surrounding regulatory uncertainty and fostering a more optimistic outlook among market participants.
Moreover, the successful conclusion of the Bitcoin Amsterdam event has played a pivotal role in sustaining the upward momentum. The event's emphasis on the expansion and active participation within the Bitcoin community has reinforced the narrative of growing interest and involvement from diverse stakeholders in the cryptocurrency sphere. This heightened engagement has further bolstered market sentiment, as it signifies a strong foundation of support and interest in the long-term potential of Bitcoin.
While acknowledging the mixed outlook presented by certain technical indicators, the overall market sentiment remains cautiously optimistic, leaning towards a slightly bullish trajectory. This sentiment is underpinned by the synergistic impact of both positive regulatory developments and active community participation, suggesting a strengthening investor confidence and a growing belief in the resilience and potential of Bitcoin in the short to medium term.
The convergence of these factors, namely the regulatory reassurance and the vibrant community engagement, has contributed to a more positive market sentiment, fostering a gradual upward trajectory for BTCUSD. These developments underscore the significance of regulatory decisions and community-driven initiatives as pivotal catalysts in shaping the overall market dynamics and investor sentiment within the cryptocurrency landscape.
ETH ANALYSIS🌸#ETH Analysis : Breakout and Retest ✅️ ✅️
🚀#ETH was following falling wedge patten on 1 day time frame and we can see a confirmed falling wedge breakout with retest which indicates a bullish move in #ETH.💲💲
🔖 Current Price: $1617
⏳️ Target Price: $2000
⁉️ What to do?
- We can trade according to the #ETH chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ETHAnalysis #Cryptocurrency #Breakout #Retest #DYOR
BTC Liquidity: Will This Time's Trend Reversal Be Real?The Liquidity Lure:
It's not uncommon for price action to accumulate liquidity near significant support levels or trendlines. Traders often place their buy orders just above these lines, hoping for a quick bounce when prices approach. 🎣
A Second Chance at Reversal:
Now, let's examine the intriguing aspect of this situation. We've seen liquidity left behind in the past, only for the market to disappoint and continue the downtrend. However, this time could be different. 🔄
The Case for Reversal:
Market Sentiment: Cryptocurrency markets are notably influenced by market sentiment. If the sentiment shifts, it can trigger a genuine change in direction. 📈📉
Fundamentals: Keep an eye on fundamental factors that could drive demand for cryptocurrencies. News of adoption, institutional involvement, or regulatory clarity can play a pivotal role. 🏦💼
Technical Indicators: Look for confirmation from technical indicators such as higher lows, bullish candlestick patterns, or increased trading volume. 📊📈
Trading Strategy:
Caution: While the signs may be encouraging, remain cautious. Wait for confirmation of the trend reversal before committing significant capital. 🚦
Risk Management: Always use risk management techniques, like setting stop-loss orders, to protect your investments. ⚖️
Diversification: Consider diversifying your portfolio to spread risk across different assets. 🌐
Conclusion:
The cryptocurrency market is known for its volatility and unpredictability. While the presence of liquidity below a downtrend line offers hope, it doesn't guarantee a trend reversal. It's crucial to combine technical analysis, market sentiment, and sound risk management in your trading strategy. And remember, even in the world of crypto, patience can often be the key to success. 🗝️
Will this time be different? Only time will tell, but one thing's for sure – it's a market that continually keeps us on our toes. 🌟
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GALA BREAKOUT DONE 💥💥#GALA Analysis : Breakout 💸💸
🔮#GALA was testing a crucial key level and following a falling wedge pattern. Now we can see a perfect breakout here in #GALA. It indicates the start of an upward trend. 💲💲
👀Current Price: $0.001588
🚀 Target Price: $0.003000
⚡️What to do ?
👀 Keep an eye on #GALA price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#GALA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
How to fade breakouts professionally from my 30 years experienceIn this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the next few weeks.
TRBUSDTTRBUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from pointed arrows on the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the charge this time too the next target could be 44.
PEPE ANALYSIS🟢#PEPE Analysis : Breakout Scenario 💰💰
🚀🚀As we can see that #PEPE is trading nearby all time low levels since many days. We can see a breakout in #PEPE. The appearance of a falling wedge breakout indicates an upward potential. 📈📈
🔖 Current Price: $0.00000069
⏳️ Target Price: $0.00000140
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#PEPEAnalysis #Cryptocurrency #BreakoutScenaria #DYOR
IFCI Breakout trade set up1. Trend - Turned bullish with this week breakout
2. Breakout - Strong
3. Strength - Very strong with 37% move in a week
4. Entry is volatile, if price come for a retest.
5. Keep in radar if on daily a fresh breakout comes, after a range formation of 7 days to 10 days minimum.
Wayfair (W) New Stage 2 Breakout BuyWayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five months.
A quick look at a longer-term chart and you will see what I mean.
The stage analysis above highlights the 4 stages of the stock cycle. This is based on the work of Richard Wyckoff and Stan Weinstein - both legends of the industry. A stock entering a new Stage 2 uptrend is at the ideal buy point. When timed correctly, these can lead to extraordinary gains with limited downside risk.
The line in the sand for W is at $75 per share. This is the pivot point, the breakout trigger, key resistance... whatever you want to call it. In the weekly chart below you can see the significance of this level.
It served as short-term support on the way down and then became resistance which has held the stock back for over a year. In my opinion, the move above this level last month was a failed breakout in a weak market. This is not a reason to pass on the second attempt.
W has consolidated nicely on a series of shallowing retracements and its 10, 21, and 50-day moving averages merging to offer support at today's price.
One other catalyst... Overstock.com (which Wayfair also owns) plans to re-brand to something even more recognizable - Bed, Bath & Beyond. It bought the name, domain, and loyalty program assets on the cheap when the company went into bankruptcy a few months ago. This re-brand could be the fresh start the company needs to jumpstart sales growth and trigger a new Stage 2 uptrend in the stock.
A move above $75 would confirm the move, and that is where I will look to buy.
Is BTC's Price Breakout Sustainable? A Questionable Tone Introduction:
The recent surge in Bitcoin's price has left many traders wondering whether this breakout is sustainable or just a temporary spike. With two significant events, namely the inflation call and Franklin Templeton's pursuit of a Bitcoin ETF spot, it becomes crucial for traders to pause and assess the situation before making any impulsive decisions. In this article, we will delve into these factors and provide a questionable perspective on the current state of Bitcoin's price, urging traders to exercise caution and seek clarity before the next potential breakout.
Inflation Call and its Impact:
The inflation call has sparked debates concerning its potential influence on Bitcoin's price. Some argue that the rising inflation rates could drive investors towards cryptocurrencies as a hedge against traditional fiat currencies. However, it is essential to remember that Bitcoin's value is also influenced by various other factors, such as market sentiment, global economic conditions, and regulatory developments. Therefore, it is questionable whether the inflation call alone can sustain Bitcoin's upward trajectory in the long term.
Franklin Templeton Seeks Bitcoin ETF Spot:
The recent news of Franklin Templeton's interest in a Bitcoin ETF spot has undoubtedly generated excitement among traders. The potential approval of a Bitcoin ETF could open doors for institutional investors, providing a significant boost to the cryptocurrency market. However, it is important to approach this news with a level of skepticism. Regulatory hurdles and uncertainties surrounding the approval process may delay or even hinder the launch of a Bitcoin ETF. Thus, while this development holds promise, it is crucial to wait for clarity before expecting a substantial impact on Bitcoin's price.
A Call-to-Action: Pause for BTC until Clarity for the Next Breakout:
Given the uncertain nature of these recent events and their potential impact on Bitcoin's price, it is prudent for traders to pause and assess the situation before making any significant moves. Rather than succumbing to FOMO (Fear Of Missing Out) or hastily jumping on the bandwagon, it is essential to seek clarity and gather more information about the inflation call and the potential Bitcoin ETF.
Traders are encouraged to closely monitor market developments, regulatory updates, and expert opinions to gain a comprehensive understanding of Bitcoin's future trajectory. Engaging in thorough research and analysis will enable traders to make informed decisions based on a solid foundation of knowledge rather than relying solely on speculative factors.
Conclusion:
While the recent price breakout of Bitcoin has undoubtedly caught the attention of traders, it is crucial to approach this surge with a questionable tone. The impact of the inflation call and Franklin Templeton's interest in a Bitcoin ETF spot remains uncertain, and traders must exercise caution before making any impulsive decisions. By pausing and seeking clarity for the next potential breakout, traders can position themselves more strategically and make informed choices based on a thorough understanding of the market dynamics.
Morgan Stanley Upgrades Tesla Stock - Time to Go Long on TSLA!I'm thrilled to share with you that Tesla (TSLA) has just received a significant boost in its stock rating, courtesy of the renowned financial institution, Morgan Stanley! This upgrade has undoubtedly caught the attention of many investors, and I believe it's time for us to seize this opportunity and go long on TSLA!
Morgan Stanley's recent stock upgrade for Tesla is a clear indication of their confidence in the company's prospects. This positive development has already started to impact the market, with TSLA's stock showing signs of an upward trajectory. As savvy traders, we know that such upgrades often attract increased attention and can lead to substantial gains. So, let's not miss out on this potentially lucrative opportunity!
Tesla has consistently demonstrated its innovation and dominance in the electric vehicle industry. With their groundbreaking technology, impressive product lineup, and global presence, Tesla is poised for remarkable growth in the coming years. Morgan Stanley's upgrade serves as a validation of Tesla's strong fundamentals and its ability to deliver on its promises.
Now, you might be wondering, "What's the next step?" Well, my fellow traders, it's time to take action! I encourage you to consider going long on TSLA and take advantage of this positive momentum. By going long, we can potentially benefit from the expected rise in Tesla's stock price and maximize our returns.
Remember, investing in the stock market always carries some level of risk, but with careful analysis and a well-informed approach, we can minimize those risks and increase our chances of success. Conduct your due diligence, review the latest market trends, and consider consulting with your financial advisor to make an informed decision that aligns with your investment goals.
So, let's ride the wave of optimism surrounding Tesla's stock and capitalize on this exciting upgrade from Morgan Stanley. Together, we can make the most of this opportunity and aim for profitable outcomes!
Wishing you happy trading and abundant success!
VTHOUSDT In A Tight Spot Ready To Breakout Of RangeWeekly chart of VTHOUSDT / VeChainThor Energy token with the visible range volume profile study attached. Has temporarily broken the trendline on the news of a Coinbase listing.
It's currently sandwiched between the POC and a key level of support and resistance. Waiting for the candle to fully break out and close beyond this range for further upside potential.