Bullish Flag
S&P500 - What if the bottom is in?
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible!
Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know.
As you can see, we have a huge parallel channel on the daily chart, and I would love to see a breakout above the channel.
But from the Elliott Wave perspective, an ABC correction (ZigZag) can be considered as completed with an extended A wave. If you are an Elliott Wave trader, you see a nice impulse wave as a C wave.
If we take a look at the RSI indicator, we can see a bullish divergence on the daily timeframe. This gives us hope for at least a bullish bounce to the upside.
The 200 moving average is powerful on the weekly and daily chart. This MA is considered a strong support/resistance by huge institutions and hedge funds together with the 0.618 FIB retracement.
Interest rates are rising, which is, of course, very bad for the stock market. I know this and that's why I am not buying stocks, because I am a trader, not an investor, even though I have bitcoins for the long term.
So, has the stock market reached its bottom? I would say maybe a 30% probability.
Look at my idea about Bitcoin in the related section down below.
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Polygon MATIC - Bullish flag! A huge breakout is imminent.
Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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AAVE Price too BEARISHThe Aave price analysis shows a bearish trend today
The resistance for AAVE/USD is present at $73.01
Support for AAVE/USD is found at $71.33
The Aave price analysis is directing that the cryptocurrency has undergone loss once again during the last 24 hours. That is because the bears are once again powering through after a small bullish interruption. The bears have caused a decrease in the price up to the $72.25 level and have been able to retain their position as the leading party. More sellers are causing the price to downgrade further and have defeated the buyers in their attempt at revival.
The Aave prices have found some support around $71.33 but it remains to be seen if this will be enough to turn the tide in favor of the bulls. For now, the bears are in control of the Aave markets and may continue to push prices lower in the near term.
Final appraisal of the Ave price
Aave price analysis indicates that today has also seen bearish behavior. The price levels have decreased to $72.25; this is a considerable loss for the market value of cryptocurrencies. Although the bulls attempted to recover in the most recent hours, their efforts were in vain as the price fell today. Only if the support at the $71.33 level is maintained can price levels be kept stable.
Mkr bullish pennant A simple bullish pennant. Pennants and flags are so frequent in crypto and often are meaningless, but with market sentiment seemingly positive and interest in MKR picking up, I think this one deserves some attention. Hopefully Bitcoin holds above 20k or doesn't dip to far below because that would probably invalidate this
Can we expect BIG BTC moves ?Quick BTC update.
BTC is consolidating inside a channel of reviving pattern between the $18.5k-$20.5k level from the last 1 month. Currently, the price is still holding the support of the $19.2k level. I'm expecting a bounce up to $20.4k from here.
If the price close below the $19.2k level then we might see again the $18.5k level but also another scenario is to see again big mooves and end of bear market to $24k again and correction then $30k on the way up.
BNB Binance - Explosive move soon!
BNB proved to be the strongest high-cap altcoin, and that's why I expect an explosive move if the bulls break the major trendline!
The stock market is crashing pretty strongly, but the crypto market is extremely durable, which is awesome, isn't it?
You probably don't want to buy BNB right now, because we are very close to strong resistance and there is a chance to go lower. First we need to make a new high above 300 USDT.
The chart is printing a descending broadening wedge, a bullish pattern on the daily chart, so it's best to wait for a breakout.
The next major resistance is at the previous all-time high, which is around 692 USDT, but I believe we will go higher in the future.
According to my Elliott Wave analysis, we have started the new uptrend with a pretty strong impulse wave, which is a great sign of strength. A major ABC correction has been completed successfully as well.
The BNBBTC pair is at the new all-time high already, as I informed you in my previous analysis. Also, the BNBETH pair is very bullish.
I expect tremendous gains for selected altcoins (BEL, QNT, INJ, SUSHI). You can find them in the related section down below.
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$XRP - Another BULL FLAG consolidationHello my Fellow TraderZ,
$XRP has been the hottest coin in past few days both Technically & Fundamentally.
Today I'm going to cover on TA . Can see another BULLISH FLAG in making after price got rejected for the second time by $0.537 zone.
Not expecting a huge move Percentage-Wise but can Scalp here.
Enter only after candle closes above orange line.
CHEERS!!!
TOTAL Crypto - Are we still in a bull market?
This is a major outlook on the total crypto market cap, which is probably the most important indicator.
As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies!
Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come.
But nothing is lost at all, because we are holding the key market structure!
The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus.
The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018.
As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement.
If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity.
The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies.
October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce!
This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum has bottomed out! 10 000 USD next target!
There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.
I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.
After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.
As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside.
However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass!
The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.
The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.
You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.
I expect tremendous gains for selected altcoins (QNT, BEL).
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Bitcoin - The bottom is in! Next target 300,000 USD!
Warning: This analysis may completely transform you into a super bull!
Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin.
We have a huge falling wedge pattern on the weekly chart that is very close to a massive breakout! The upper sloping trendline is very important and can indicate the end of this bear market.
As you can see, the price is currently below the 200 weekly moving average. This particular MA is considered a strong support/resistance by huge institutions and hedge funds, but they do not see it as a level, but rather as a zone. So even if we are a little bit below the MA, it's still holding. We need to break below the previous swing low to confirm the breakout of the MA. What's more, if you take a look at the TOTAL crypto market cap chart, 200MA is above the current price, which can be a more reliable indicator.
If we take a look at the oscillators, the RSI indicator is printing a bullish divergence, which is a strong reversal signal, especially on the weekly chart. Also, the MACD indicator has a bullish tick on the histogram + bullish divergence between the swing lows as well.
We have history's highest volume, so a lot of bitcoin changes owners, which can be interpreted as a bullish signal. It's really a record volume on the Binance exchange, which is currently the biggest crypto exchange.
As per my Elliott Wave analysis, an ABC correction has been completed successfully and we can definitely start a new impulse wave to new all-time highs in the immediate short term!
On Tradeview, I post potential scenarios. Today I can post a bullish analysis and tomorrow a bearish analysis. It's up to you how you decide to trade. Usually, I do not publish trading setups publicly, only privately. I can only give you all the reasons to buy or sell a specific asset here on TradingView.
I expect tremendous gains for selected altcoins (QNT, BEL, STPT). You can find them in the related section down below.
For more analysis, hit "Like" and "Follow"!
SCHW: Bullish flag?Charles Schwab Corporation
Short Term - We look to Buy a break of 73.58 (stop at 71.93)
The medium term bias remains bullish. Posted a bullish Flag formation. A break of 73.50 is needed to confirm the outlook. Further upside is expected. Our bias remains bullish and further upside is expected to target resistance at 78.00.
Our profit targets will be 77.91 and 82.00
Resistance: 78.00 / 85.00 / 96.00
Support: 70.00 / 60.00 / 50.00
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Bella BEL - Do not miss this altcoin!
Only 5% of people will catch this massive upcoming uptrend on BEL. Others will jump in at the top, as usual.
As you can see, we have started this brand new uptrend with a very strong impulse wave, which indicates a powerful interest from the bulls!
You want to wait for wave 2 to be finished and catch the third impulse wave, which is usually the strongest wave of all of them.
Wave 2 is represented as a bullish flag, so you can buy a breakout above this pattern for a confirmation trade, which I strongly recommend to do.
2.36 USDT is the first profit target for a quick profit, and the next target is 5.37 USDT.
The price bounced successfully from the 0.618 FIB retracement, which is another sign that the bottom could be in!
I don't know about you, but I really don't want to miss this altcoin!
Check out QNT altcoin, which offers an incredible opportunity in the immediate short-term!
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EURAUD a bull flag on the 0.618 🦐EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support.
The price has bounced over the structure and is now trading below the upper trendline and a resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break the area i will look for a nice long order according to the Plancton's strategy rules.
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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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
IGL Long. Target 490-494.Fundamentally, this scrip is very strong and very good long term investment. Macro scenarios are in favour as energy will be in high demand in future. The October gas price review came as positive for city distribution companies, market was expecting 100% hike in LNG, but got 40%, which is good for IGL, MGL, GUJGAS.
Technically, on daily chart it made Tombstone Pattern, highly volatile signal. Expect fast movement next week. On a weekly chart it has made flag pattern and RSI has also cooled down. Expect a very big move next week on the upside. It wouldn't be a surprise if scrip achieves 25% up move in a week.
Disclaimer: This is for knowledge sharing. Consult your financial advisor before investing.
Note: RBI governor commentary is highly positive for Indian market, and in global turmoil, ENERGY and UTILITIES going to shine. This is one of the favourite pick for high returns.
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
STPT | +4000% Brutal Gains! Sleeping Giant
STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that!
We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous!
4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes.
Yes, you can buy now and tomorrow it will be +1000%, it's really possible.
Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term.
For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately.
Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential.
I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet.
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