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Cup And Handle

What does the future hold for Crypto Mining?I have chosen RIOT as the chart, but I am looking at MARA and also BITF. But as a whole, looking at the WGMI (Valkyrie Bitcoin Miners ETF), BTC mining companies as a whole is taking a hit. Crypto itself is taking a huge hit and of course, this affects Crypto Mining. It did seem that Crypto was going to push higher as the expectations for the BTC ETF release was going to be the first part of pushing BTC to the "moon" and with the BTC halving, money would just start stacking for holders. But that didn't happen. There is a decent amount of geo political turmoil going on. Governments selling BTC. SEC doing what it can to get Crypto labeled as securities in order to bring the coins to its realm of oversight. The Yen carry trade unwinding. The potential of a recession. But there is the other side, where there is good news going on for BTC. The possibility of BTC becoming a reserve asset. The upcoming elections, with a a lot of fingers pointing at former President Donald Trump being very pro Crypto. But even if Kamala Harris (pointed in ALTCOIN daily), says that she is in support of crypto, then that will be a good push for Crypto to move higher. There is also the FED reducing rates towards the end of September; with the recent NFP coming out lower than expected and pushing the chances for a reduction in rates for 50 basis points to 50%. So if the self fulling prophecy for BTC hitting $100k - $150k do come true, then Crypto Miners are going to be cooking. Projects are already underway and the Crypto Market has been very resilent. There are those that thought Crypto was going to collapse during the silk road incident. Then after the cash in 2017 when BTC hit $20k. Then the Terra Luna incident. FTX collapse. Mt. Gox incident. And many others. Yet Crypto is still here. The main issue I think is where all the money is pilling into, and during 2017, crypto was starting to hit the mainstream and a lot of coverage was on it. Institutions finally starting trading BTC and others, as well a lot of retail traders and investors were pilling in. In 2021, people were staying home, receiving check after check of stimulus, wondering were to put it. Then when things started opening up, businesses were offering sign up bonuses. Afterwards, during both these events, once Crypto hit a certain lvl, a ton of people cashed out and instantly became very rich. This money flowed into other products, such as wants and/or other ventures/markets. Now money is flowing into different meme coins, AI, FAANG-M stocks, among other things. If BTC is able to push higher and hit the around $120k, then MARA, holding around 13,677 BTC will be worth around $1.65 billion, RIOT with a holding of around 7,250, will be around $870 million, and BITF, with holdings of around $1,016, would be around $121 million (which RIOT is attempting a takeover of BITF, offering a buyout of BITF, which BITF did not accept. If this does happen, RIOT would become a very strong competitor to MARA, pushing its exahash production from 12.6 to 19.6. MARA has an exahash of 29.9). For the price targets, if things go accordingly, MARA will likely be able to break out of the $20 resistance, avoiding the completion of the inverse cup and handle pattern. If this pattern forms, price will likely keep pushing lower, potentially to around the $8 lvl (at least breaking the $10). For RIOT and BITF, they have the same pattern as MARA, and WGMI price is in a monthly rising channel, so there is a strong possibility that price will drop, but if things go accordingly, then prices on these companies will also avoid the acceptance of the inverse cup and handle pattern. The psychological lvls for these two companies are $10 and $2, which could be hit depending on how things go these next few months. I am in a position on RIOT and a few on BITF, my positions are at a small loss, but I am selling covered calls and cash secured puts to offset the loss, which, when factored in, puts me at a net positive. Additionally, I am participating in the stock lending program, which is further offsetting my losses. I am on the side that price will push higher and I am willing to see it through. Protect your inventory (your capital), and have some great trading out there.
NASDAQ:RIOTLong
by DollarSaenz
14
BODAL CHEMICAL-LOOK-FOR-BUY-WITH-CHEAT-ENTRY(VCP)This chart presents a Volatility Contraction Pattern (VCP) , signaling a potential bullish breakout. The integration of moving averages and volume dynamics adds further strength to this analysis, indicating that the stock could soon break out above its resistance. Below is a detailed breakdown, including a volume study. --- 1. VCP (Volatility Contraction Pattern): - The chart shows multiple contractions in price , with each pullback becoming progressively smaller. This tightening is a hallmark of the VCP pattern, indicating that sellers are losing strength, and buyers are gradually gaining control. - The final resistance zone is located between ₹85-₹88 . A breakout above this level would confirm the VCP and signal a strong bullish continuation. --- 2. Moving Averages (9 SMA & 21 SMA): - Price above both SMAs : The stock is trading above both the 9-period and 21-period simple moving averages (SMAs), which is a strong bullish indicator. This alignment suggests that short-term momentum is in favor of the bulls. - 9 SMA above 21 SMA : The 9-period SMA being above the 21-period SMA signifies that the shorter-term trend is leading the way, which adds confidence to a possible continuation of the uptrend. --- 3. Volume Study : Volume During Contractions : - A crucial part of identifying a valid VCP is the decreasing volume during price contractions . In the chart, each successive pullback shows lower volume, which indicates that fewer traders are willing to sell as the stock price drops. This aligns perfectly with the concept of volatility contraction, showing that selling pressure is fading. Volume on Upward Moves: - Each upward move is accompanied by increasing volume , indicating that buyers are stepping in to accumulate shares. This is a strong confirmation that the price contractions are valid and that institutional buyers might be behind these moves, building up positions for a future breakout. Volume on Breakout: For a confirmed breakout, watch for a volume spike above ₹85-₹88 . A large increase in volume during the breakout would confirm that the pattern is playing out and that the price could shoot upward to the next resistance zone around ₹95-₹100. --- 4. Low Cheat Entry Opportunity: - Entry at CMP (₹83-₹84): A low cheat entry is possible at the CMP of ₹83-₹84, which allows you to enter the stock before the breakout occurs. This type of early entry can offer a more favorable risk-to-reward ratio. - Stop Loss : Place a tight stop loss around ₹82 , just below the recent low and the 9 SMA. This minimizes risk while allowing you to stay in the trade if the breakout occurs. - Volume Support: As you enter at this level, watch for **volume support** on smaller pullbacks. If the stock dips slightly but maintains increasing volume on upward movements, it’s a good sign the pattern is intact. --- 5. Breakout Confirmation : - The ₹85-₹88 resistance zone is the key level to watch. For the VCP to fully play out, the stock needs to break above this zone, ideally with strong volume to confirm the breakout. - If the stock breaks this level, expect a surge in price with a target around ₹95-₹100 , based on prior resistance levels and the projected move from the VCP. --- 6. Risk-to-Reward Ratio : - Risk : By entering at ₹83-₹84 and placing a stop loss around ₹82, the downside risk is limited to about 1-2% . - Reward : The upside target can range from ₹95 to ₹100 , offering a potential *b]15-20% gain , which gives an excellent risk-to-reward ratio of about 15%. --- Conclusion : This chart shows a strong b]bullish setup , with the VCP pattern tightening for a potential breakout. The moving averages confirm the bullish momentum, with price trading above both the 9 and 21 SMAs, and volume contraction indicates that selling pressure is diminishing. A low cheat entry around ₹83-₹84 offers a good risk-to-reward opportunity, while a breakout above ₹85-₹88 with increasing volume could signal the start of a strong upward move toward ₹95-₹100 . --- Key Action Plan : - Entry : Enter at CMP around ₹83-₹84 . - Stop Loss : Set a stop loss around ₹82 to minimize risk. - Volume Monitoring : Watch for volume contraction on pullbacks and spikes on upward moves. - Breakout : If the stock breaks above ₹85-₹88 with strong volume , expect a strong upward move toward ₹95-₹100 . This setup presents a high-potential opportunity for traders looking for an early entry into a VCP breakout , supported by both moving averages and volume dynamics.
NSE:BODALCHEMLong
by minion_traders
BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC.Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart. Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq 17 06 2023 I have applied the cup percentages as well as the cup with handle if formation occurs (high probability). Although the cycle high targets and timing are the same as what I showed in 2022 during the Bitcoin accumulation phase. So, for clarity with the last cycle and its highs in 2021. BTC/USD Secondary trend cycles and halvings . 1 07 2022 BTC/USD Halving 518 When will be the cycle price low and high. 02.09.2023 BTC/USD Main trend (3 years) Channels Triangle 09 2023 At the moment, the price is above the “demons of Solomon” zone, that is 72,000. Zone 64-72 – resistance of the large bowl (last cycle highs 64-69). Let's follow the fractal similarity of 2015-2017. There is a high probability that a rollback will occur slightly higher, and a long-term bullish formation will be formed (trend direction, large time frame) — “Bowl with handle”. Or straight to the psychological level of 100?). Pay attention to interest rates and price levels in the past and now. 1️⃣ Let me remind you that in April the halving is closer to the 20th. Most likely this will happen on the day "18" . Do you think that bitCocaine will cost 84,018 closer to this time?) What will happen to this zone? 2️⃣ Psychological PR level - the zone for Bitcoin is $100,013. 3️⃣ Everything else probably looks unreal for most market participants, but what is shown now is real, just as it was a very long time ago. Adhere to these simple rules: 1) Understand and exploit the cyclical nature of the market. 2) Buy low, sell high. And not vice versa like most). 3) Take profits in parts on the hype (now) in a growing trend or protect with a stop loss. 4) Have an understanding of the relationship between the liquidity (capitalization, roughly speaking) of a trading instrument and its volatility and potential. 5) If you trade locally. The crowd is shouting: “cryptocurrency is a scam” - buy it. “Crypto hype” - sell it. 6) Do not be interested in the news and the opinion of the majority, this is all “taken into account in the price movement schedule.” 7) Always have at least 20-30% of stablecoins in reserve. If, for example, in a developing trend there is a correction to quickly remove longs (futures, margin with large shoulders, in spot - stop loss) by a significant%, and some of your stops do not work due to price slippage, then a “cash airbag” will calm and warm you in such an unpleasant moment).
CME:BTC1!Long
by SpartaBTC
10
EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line . If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern . After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) . Euro/U.S.Dollar Analyze ( EURUSD), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
Long
by pejman_zwin
3
Nifty IT Complex Cup with HandleNifty IT had broken above the neckline of Complex Cup with Handle Pattern as can be seen in the chart. It is down with some bad news in the Global Markets and currently, offers a sure shot returns of 21% as per the technical target. This is the easiest money available in the Indian market right now as the companies included in the index are some of the largest and most trusted with excellent track record. As they say, investors must 'Feel Greedy when others are Fearful.' The worst is over for IT and this SAFE CONTRARIAN bet will surely make you feel proud of yourself when it achieves target. You can trade this index with ITBEES ETF available on NSE.
NSE:CNXITLong
by Gaurav_Singh_5705
Long oppertunity on TEXRAILTEXRAIL is currently near support level on daily chart. Given that the price broke out at this level with huge volume and appears there is a retest of the support level happening. Its a good time to enter long with stop loss just below breakout candle low. This trade provides ideal risk reward of 1:3. Can wait and see tomm to see if price is supported at this level before entering. Hope you liked this idea, if so please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-)
NSE:TEXRAILLong
by digijagan