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Candlestick Analysis

Bitcoin: Bitcoin is still above 100,000 dollars!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. which will cause the failure of the resistance zone(ATH) . After the authentic failure of this area, we will see Bitcoin reach the ceiling of the channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The target of this downward movement will be the level of 92 thousand dollars. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. Last week, Bitcoin spot ETFs saw capital inflows on every single day, recording a total of $2.2 billion in investments.Similarly, Ethereum spot ETFs continued their strong performance from the previous two weeks, accumulating approximately $1 billion in inflows last week, which is a significant amount. Meanwhile, Microsoft shareholders voted against the proposal to add Bitcoin to the company’s balance sheet during its annual meeting on December 10. The resolution was introduced by the National Center for Public Policy Research (NCPPR), a free-market think tank based in Washington, D.C., which framed the proposal as a way to provide value to shareholders through profit diversification. However, the shareholders ultimately rejected it. Daniel Batten, an environmentalist and Bitcoin advocate, claimed that Alex de Vries’ “singular opinion” in 2018, as the founder of Digiconomist, was the foundation for all flawed studies on Bitcoin’s environmental impact. Batten argued that this misinformation has led to widespread misunderstandings among the public, investors, and policymakers, causing Bitcoin to be mistakenly seen as an environmental threat. However, newer studies suggest that many of these claims are incorrect, and Bitcoin could even have environmental benefits. He emphasized that Bitcoin’s energy consumption is not tied to the number of transactions and that the network can exponentially increase transaction volumes without raising emissions. Robert Kiyosaki, a Bitcoin investor, entrepreneur, and author of the bestselling book Rich Dad, Poor Dad, has once again predicted an imminent major crash and urged his followers to buy Bitcoin before it happens. In his recent tweet, Kiyosaki specifically addressed the Baby Boomer generation, to which he belongs, highlighting that Bitcoin is a new and confusing asset for many in that demographic. In his tweet, Kiyosaki wrote, “The biggest crash in history is coming. Please act early and get rich.” This warning came as Bitcoin surpassed the $100,000 mark for the first time in history. Earlier this year, Kiyosaki predicted that Bitcoin would reach $500,000 by 2025 and as much as $1 million by 2030, citing AI-based forecasts for his projections. The number of daily active crypto users has reached an all-time high of 18.7 million, a sharp increase from just 7.7 million at the beginning of 2024. A group of Amazon shareholders, led by the National Center for Public Policy Research (NCPPR), has suggested that Amazon invest at least 5% of its assets in Bitcoin. They argue that Bitcoin has outperformed most asset classes, including corporate bonds. Notably, MicroStrategy, a company that has integrated Bitcoin into its treasury management, has seen its stock outperform Amazon by a significant 537% over the past year. Meanwhile, BlackRock recently purchased an additional 3,910 Bitcoin, bringing its total holdings to approximately 535,000 Bitcoins, valued at $53 billion. As the world’s largest asset manager, BlackRock has shifted its focus to Bitcoin and Ethereum while delaying the launch of any new altcoin-based ETFs. The head of BlackRock’s ETF division stated that the company now aims to expand its existing Bitcoin and Ethereum ETFs, given their stellar performance so far. Additionally, Michael Saylor, Executive Chairman of MicroStrategy, hinted at another Bitcoin purchase in a recent tweet. He wrote, “Does saylortracker miss a green dot?” This cryptic message appears to reference yet another significant Bitcoin acquisition by Saylor. Similar messages from him in the past have often preceded announcements of large Bitcoin purchases. For instance, Saylor has previously teased major Bitcoin buys through similar tweets, which were later confirmed. Nasdaq also announced that the largest Bitcoin-holding company will be added to the Nasdaq-100 index starting December 23.
COINBASE:BTCUSDLong
by Ali_PSND
Bitcoin Analysis ==>>Ready for Correction!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($102,280-$101,000) . (We saw the fake break ). According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulsive waves , and we should wait for corrective waves . Signs of the completion of the main wave 5 in the one-hour time frame: 1-BTC broke the Uptrend lines . 2- Shooting Star Candlestick Pattern formation 3- Regular Divergence(RD-) between Consecutive Peaks. I expect Bitcoin to fall to at least the Support zone($99,600-$98,000) in the coming hours . ⚠️Note: If Bitcoin goes above $102,540, we should expect a new All-Time High(ATH).⚠️ ⚠️Note: If the Support zone($99,600-$98,000) is broken, we should wait for Bitcoin to fall at least to $96,500.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
37
Dollar back to levels of 107.969 since 2022!!!Admittedly, last weeks prediction of the dollar for me was that I expected it to finally push down, However price action then clearly showed me otherwise by showing its clear intent to move further to the upside and refusal to break structure to the downside which I had tried to anticipate . Although price hasn't taken the last significant high that created the 1h supply we have seen CHOCH and BOS to the upside on the 1H time frame suggesting that price wants to push up further. This is validated by the pairs against the dollar wanting to push down and the fact that there is not only liquidity in the form of Asian highs but a large weekly imbalance and weekly supply zone where I predict price will push up to before finally returning to it's usual bearish trend. I can expect price to react from the 13min order block after the new Monday ASL is taken. If not we may see price pushing lower slightly simply in order to grab liquidity and find the correct zone to react from, potentially the 3H HTF demand I have marked out in order to push up. This also aligns with my pairs against the dollar that will push up and then come down.
TVC:DXYLong
by JamelCapital
POV: BHARTIARTL - Breakout of Descending Triangle PatternPOV: BHARTIARTL - Breakout of Descending Triangle Pattern 1️⃣ Breakout: A neat and clear breakout of the **Descending Triangle Pattern**, confirmed by high volume, signals strength. 2️⃣ Trend & Momentum: On the daily timeframe, both trend and momentum are in positive sync, adding confidence to the breakout. 3️⃣ Concerns: - On the weekly timeframe, the trend is positive, but momentum is still improving, suggesting the journey to the target could be bumpy. - Range expansion indicates waiting for a pullback is ideal. However, with the Point of Action (POA) around 75 points away, my plan is to: - Take half an entry at the breakout of the current candle. - Add the other half at the pullback level, if the opportunity arises. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NSE:BHARTIARTLLong
by kzatakia
Reliance - A Reversal from bottom? Reliance fell 2.95 % and made a bearish pattern on the weekly chart. Week’s OHLC were 1303, 1315, 1239 and 1272. On Friday, it rose sharply from week’s low to close near day’s high. I dived deeper into Reliance's whole week performance on multiple timeframes to see whether Friday's rise had any signs of bottom formation or reversal. On Monday 9 December 2024, Reliance took rejection from 100 dema on the 5 minutes chart placed at 1315. It closed the day at 1295, down 1.25%. On Tuesday it fell another 0.80%. On Wednesday, it tried to go past the 100 dema, then placed at 1290, in the opening hour but did not succeed. Later in the day, it made another attempt but this time took a rejection from the moving average then placed at 1288. It closed the day at 1279 (-0.52%). On Thursday, it kept trading below the short term moving averages and fell 1.20% on the day. On Friday, after falling 1.22% in the opening hour, the stock made a doji in the second hour with the low at 1239. In the third hour it rose sharply. At 12:15 pm, the stock gave a breakout above the 100 dema on the 5 minutes chart placed at 1258. Later it took support from the moving average and closed at 1272, above the midpoint of the bollinger band on the 5 minutes chart placed at 1267. The 100 and 200 dema are now at 1264 and 1268 respectively and could act as support. The stock is a clear breakout on the 5 minutes chart. On the 15 minutes chart, the 100 and 200 dema are placed at 1273 and 1283 respectively. So a breakout is pending on the 15 minutes chart. I already described how the stock behaved on the hourly chart, where it made a doji at day’s low and rose sharply to close near day’s high. It is clearly visible on the hourly chart that the stock made a double top formation below the resistance of 1330 on 5 December 2024. It fell more than 6% from the top. On the daily chart, the stock made a bullish candle and also a higher low. It is making a double bottom formation. It made a low of 1217 on 21 November 2024. Friday’s high and low were 1275 and 1239 respectively. It closed at 1272 with a gain of 0.79%. Once the stock closes above 1275, it will be a breakout on the daily chart. The resistance for the stock is placed at 1290/1315/1325/1370/1430. Whereas the stock should find support at 1260/1250. A close below 1250 could take the stock to 1200 levels. We write daily and weekly technical analysis on the Indian Stock Market. Read our blog here: medium.com Also follow us on Instagram.
NSE:RELIANCE
by moneyorder_official
Laconic sign.Hi! Most ideas about the behaviour of BTC. D that have been published all this year have not worked. Until those who said every week since winter that dominance was about to fall have been non confirm their rightness. And just as wrong are those who talked about figures of 70-80-90 (!!!) %. I analysed the chart carefully in the first half of the year and decided that there are 2 levels of the most probable reversal. They are 58.4% and 61.8% . And I could not make any additional predictions as to which of them would turn out to be that level. Any of them. Now it is the 1st of October (congratulations to everyone on the beginning of the real autumn, if you love it as I do) and we can see that the September monthly candle closed with a real shooting star . And new October candle opened as it should with a decline below the body of the previous star. That's pretty promising. The most key thing to say is that the market is in no hurry at all. 4 hour charts are completely useless this year. Processes are defined on much larger timeframes.
CRYPTOCAP:BTC.D
by averkie_skila
Gold at support- But is too obvious... (update)In my morning video analysis, I noted that after yesterday's strong bearish engulfing candle, the most likely scenario was a continuation of the down move, with the next support level identified around the 2660-2665 zone. The price indeed reached this area, but I believe this support is too obvious and likely to break, instead of a meaningful reversal. At this point, it is very risky to trade against the flow. A more prudent approach would be to wait for rallies and consider selling at higher levels.
OANDA:XAUUSDShort
by Mihai_Iacob
15
Kotak Mahindra looking positive again. Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business. Kotak Mahindra Bank Ltd. CMP 1805.65 is The positive aspects of the company are Attractive Valuation (P.E. = 16.2), Company with Zero Promoter Pledge, RSI indicating price strength, Increasing Revenue every Quarter for the past 8 Quarters and Effectively using its capital to generate profit. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Increase in Provisions in Recent Results. Entry can be taken after closing above 1806 Targets in the stock will be 1831, 1855 and 1883. The long-term target in the stock will be 1917 and 1947. Stop loss in the stock should be maintained at Closing below 1749 or 1682 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:KOTAKBANKLong
by Happy_Candles_Investment
VST Industries looking Solid after consolidation post split.VST Industries Ltd. engages in the provision of manufacture and sale of cigarettes and unmanufactured tobacco. It operates through the Sales Within India and Outside India too. VST Industries Ltd. CMP is 360.70. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are high Valuation (P.E. = 25.2), Stocks Underperforming their Industry Price Change in the Quarter, Companies with growing costs YoY for long term projects. Entry can be taken after closing above 362 Targets in the stock will be 374, 386, 400, 414 and 431. The long-term target in the stock will be 455, 470 and 487. Stop loss in the stock should be maintained at Closing below 301 or 287 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:VSTINDLong
by Happy_Candles_Investment
Daily Market UpdateFriday 13 December 2024 Gift Nifty was showing a 100 points gap down opening for the index. Nifty opened with 50 points gap down and fell 186 points (-0.76%) in the first hour. In the second hour, the index fell another -0.71% to 24180, the day’s low from where the recovery started. The second hour closed with a loss of 74 points (-0.30%) at 24278, just above the support of 24250. Then the market rallied in the third hour. It rose 281 points (1.16%) in the third hour and then continued to rise with every passing hour. Day’s high was 24792 and the index closed the day with a gain of 219 points (0.89%) at 24768. I mentioned in my report on 4 December 2024 that till 24100 is intact, this is a buy on dips market. Today was a confirmation of that. All the sectoral indexes had a similar pattern on the hourly and daily charts. Even Nifty Midcap 100 and Smallcap 100 had a similar pattern. For Midcap, I wrote yesterday that “It closed below the rising trendline from which it fell on 7 November 2024. After a one way upside move, there is a possibility for the index to retrace to 58000/57500 (-1.69%/-2.54%).” Midcap 100 bounced from the low of 58012, just above the first support of 58000. It closed the day flat. For the Smallcap 100, yesterday I mentioned that “It is possible for the index to retrace to the level of 19000/18930 (-2.39%/-2.75%) before making a fresh upside move.” 19047 was the low for the day and it closed with a loss of -0.30%. Biggest sectoral gainers for the day were FMCG 1.29%, Infra 1.19%, Private Bank 0.80%, IT 0.64%, Auto 0.48% and Energy 0.46%. Whereas the biggest losers were Metal -0.72%, Media -0.59%, Realty -0.44%, Pharma -0.32% and PSU Bank -0.18%. Reliance was down -1.22% in the opening hour. In the second hour, it made a doji with the low at 1239. Then the stock rallied and closed at 1272, near day’s high, which was 1275. It gained 0.79% for the day and closed in green for the first time this week.
NSE:NIFTY
by moneyorder_official
1
Reading the charts and Learning Techno-Funda Analysis. We will continue our weekly study of reading charts Today we will try to understand how to read the chart of Reliance Industries and learn how to make assumptions based on the same. First thing that one must understand that reading the charts is not a rocket science. One has to be creative, attentive and a sort of meditative while reading a chart. When you keep looking at it with focus and keep on asking the question and reasoning behind the moves you will definitely get your answers. Thus by asking the question to the chart and by observing the chart and searching fo the answers by noticing the patterns, historic layouts, supports, resistances and applying certain amount of basic maths and common sense one can come to know about the risk is to reward ratio in buying a stock or a derivative. Let us have a look at the Weekly chart of Reliance Industries. Remember we are not recommending this stock we are learning how to read the chart. The purpose of article was is purely Educational. The First thing that I observe here is that trend line provided the stock is moving in a particular parallel channel. Many of the stocks do move in channels. Reliance hit the channel top at 1608 and has been correcting and searching for bottom ever since. The low that it made was 1217 where it found a support at a trend line. After that it again tried to move upwards but faced a resistance near 1316 and corrected again this week until it found a support on the same trend line today at 1239 and bounced again to close the day and week at 1272.85. Again the resistances for reliance will be near 1316, 1355 and then 1380. 1380 will be a difficult resistance to conquer as it is the 50 Weeks EMA or the Mother line of weekly chart. 1380 currently also happens to be the mid channel resistance. Making it again a difficult resistnace to conquer. Above 1380 Reliance becomes very strong and can go to 1442, 1530 and 1602. Channel top seems to be at 1770. Supports for Reliance seems to be at 1241, 1218 and the zone between 1174 and 1181. This zone seems to be a very strong support as 1181 is 200 Weeks EMA and 1174 is the channel bottom support. So in all likely hood in case there is a closing below 1241 this is the zone where the stock can end up. MACD is in the negative zone but it is starting to turn towards positive zone. However there is still some distance to go before the moving averages converge and becomes positive. RSI of the stock 35.37 and looks bearish. RSI support zone can be the zone around 30. Fundamentally Reliance as we all know is one of the premier Indian company with a market cap of Rs.1722468.1 Cr. Price to Earning ratio of the stock is 25.6 which can be considered moderate valuation. Negative aspects of Reliance are that promoter holding of the stock decreased slightly by 0.1%. Net cash flow is again a slight issue currently alsong with fall in QonQ revenue. Positive aspects of the company are that Net profit has grown along with profit margins QonQ. Reliance is a company with low debt. Reliance has Zero promoter pledge. MFs have increased their shareholding in last quarter. Why I mentioned the fundamentals of the stock here is because when you buy a stock you need to look at the Fundamentals of the stocks along with Technical analysis. That is Techno-Funda analysis of a stock in true sense. I sincerely hope that this write-up will help you in reading the charts, understanding the importance of charts and understanding fundamentals of the company. These aspects are necessary for you to becoming a better investor. For more such snippets of knowledge please keep reading my Smart Investment, Smart Bonanza and Smart Plus articles. I also have a youtube channel by the name of Happy Candles Investment. You can also find me on X by the handle @candles_happy. For in-depth understanding of Techno-Funda investing you can read my book which is The Happy Candles Way to Wealth creation. This book is available on Amazon in paperback and Kindle version. The book contains valuable tips for you to maximise your profits from stock market and wealth creation. It also explains my much coveted Mother, Father and Small Child Theory. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. There is also chance of bias in our opinion. I, my family or my clients may have a long position in the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:RELIANCE
by Happy_Candles_Investment