Kotak BankKotakbank broke out of descending channel on hourly chart with decent volumes.
Could be bought with mentioned stoploss & target.
Descending Channel
Bitcoin - All of the reasons why the bottom is near (in)
This analysis will show you why the bottom of Bitcoin could be very close. This is a set of indicators that tell their own story, so let's take a look at them.
Currently, Bitcoin is the most hated asset in the world. Everything is rising, including gold, silver, stocks, the EUR/USD, indices, and even meta Facebook, the most bearish stock. Bitcoin is the weakest asset. You can be a contrarian and buy it.
But let's take a look at the technical analysis. As you can see, we have a trendline from the all-time high of 69,000 USD to the current price. The bulls already broke the trendline, but the bear was stronger, and the price was pushed down. The trendline is currently being retested, which is a common thing in trading. There is a pretty huge chance that every trendline will be tested again. Usually, you want to buy the retest. So we have a first buy signal here.
Large institutions and hedge funds regard 200 moving averages as strong support or resistance. There are two types of possible curves for a moving average. The curve can be descending or ascending. In this case, the curve is ascending, which is an indication of an uptrend. The uptrend is still valid, and this is a bullish sign. But the price is below the 200 MA, which is bearish on the other side.
Then there's the Elliott Wave. This downtrend could have moved in a complex corrective structure known as a double zigzag (WXYXZ). This structure must contain 3 zigzags for a total of 6 impulses. It is really possible that it is actually a double zigzag corrective pattern, which is bullish.
If we take a look at the volume indicator, we have historically had the highest volume on the Binance exchange. This is an indication of a massive exchange of Bitcoin. People are selling, but for every transaction, there has to be a buyer. Extremely high volume is an indication of capitulation and often indicates a trend reversal. During a stop-loss hunt, we typically see a huge volume spike and the price move in the opposite direction because the whales simply took the necessary liquidity.So massive volume spike can be a bullish sign. It is a special event.
The next indicator is the RSI. There is a huge bullish divergence that cannot be ignored. Bullish divergence is a very powerful indication that the bears are losing steam. It happens when the price makes a new lower low while the indicator makes a higher low. This is very bullish.
MACD: The histogram measures the difference between the two moving averages of the MACD indicator. The histogram is ticking to the upside and is above the 0 level. If the histogram reaches above the 0 level, then the two moving averages cross each other. Recently, we have had a bullish cross, which is a bullish signal. This bullish signal is still valid until the histogram falls below 0 again.
FTX capitulation: A major player in the cryptocurrency industry has been wiped out. Capitulation is a sign of a trend reversal. When everyone is selling, it's time to buy. It looks like a lot of retail investors just sold their Bitcoin holdings. Capitulation is one of the classic phases of the market cycle.
CPI data was very positive, and inflation is going down. As per my research in one of my previous analyses, I expect inflation to drop to 0% in the next few years. If you follow me on TradingView, then you know why it can happen based on technical analysis. But if you don't, no worries! You can check out the 0% inflation analysis in the related section down below!
Gold is rising pretty significantly along with the DJI stock market index, which is also very good for Bitcoin.
DXY dollar index is falling; the dollar is currently losing strength, but of course, it can be only temporarily.
Believe it or not, but Bitcoin can rise 50% in a single week, and it can happen so fast. One tweet from CZ and the job is done.
If you like this analysis and want to see more, then hit "Like" and "Follow"!
SPX500 | ShortThis underlying bu Oanda is best alternative for futures (the difference is about $10 and also works at cash session/premarket period)
SPX tested 0.382 level of Fibonacci and can not hold it. In my opinion, SPX could test 0.5 level there is no huge volume it is important to wait closing 65M chart.
Ethereum - Macro outlook | -62% next month!
After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event.
I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment.
On the daily chart, we can spot a descending parallel channel that is very well respected with all trendlines inside. These trendlines can be useful for short-term trades. I believe there is a possibility of touching the downward trendline in the future.
The market never goes in a straight line; we always have waves during the trend and that's why Elliott Waves are the best indicator to understand where we currently are in the market structure.
According to my Elliott Wave analysis, we are in the final 5h wave of this particular market structure, which can be deadly indeed. But if I am right and we will go down, then do not expect ETH to go to new all-time highs soon.
So prepare your shorts, because that's the only way you can profit in this bearish market. Maybe the ETHBTC pair is also starting a new macro downtrend, so basically ETH will fall off the cliff.
The situation for ETH is horrendous. It's really better to switch to BNB if you really want to hold some coins. Or just stay in USDT and buy after the crash.
I do not expect any tremendous gains for selected altcoins. You can find the most bearish altcoins in the related section down below. Serum (SRM) looks juicy for shorting on the futures market.
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✅Bitcoin - The bottom is in!
The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now!
On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point.
Do you think this Bitcoin crash was natural or was it caused by some strong entity? Let me know what you think in the comment section. I am happy to read your comments!
I think the most probable scenario for Bitcoin is to reach the blue trendline, or 0.618 FIB, at this moment.
The crypto market is a joke, and all investors are getting rekt pretty much all the time, and it's going to be even worse. It's not easy to choose the right coins; only about 5% of them are powerful.
The only reliable investment is BNB, let's be honest! At least it's holding its value and going up a little bit.
This week was extreme for Crypto, pretty much very sad, but it is how it is, and we need to adapt!
The upcoming uptrend will be a countertrend. That means it should be very fast, and we can finally experience a massive green dildo.
DXY is crashing and EURUSD/GOLD is pumping, which is also a good sign for this weak crypto market. In my opinion, a relief rally is very likely right now!
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On the 1h chart, we can spot a strong impulse wave, which is a sign of strength!
Short GUPrice action is signaling short signals. This setup looks great for the beginning of the week if you're going to hold all week. Trading less is doing more.
SHORT NZDCHFAnalysis is posted on my chart. Price action is signaling another short signal. Best of luck traders!
USDCAD ! Broke resistance zone, Long trade idea. USDCAD 1.36 broke the zone of strong resistance. When the price pullback, you should open a long position.
Acreage is flirting with the resistance of a descending channel Bullish cross on the KST & Williams alligator.
The stock is getting very close to the 200DMA.
PolkaDot - A huge breakout or a trap?
Please do not buy DOT. There are many, many better coins. This analysis is for you if you want to get out of DOT or if you want to buy DOT.
This altcoin looks really bad. I would not buy it. But, it looks like we will have a relief uptrend.
I think we can definitely reach at least the 0.382 FIB retracement of this downtrend wave. This wave should be completed and we are looking for a bullish correction.
We have a descending parallel channel that has been destroyed by the bulls recently. So the bears should pause for a while.
As per my Elliott Wave analysis, there is an impulse wave, which is a great sign of weakness. This is probably not the bottom!
I expect a huge bear market after the retracement, so be careful with this altcoin.
Look at my ideas about APT, ETH, BTC, and inflation in the related section down below.
For more analysis, hit "Like" and "Follow"!
Eth appears to be breaking up from channel. Target $1843Just broke above the resistance of this brown neckline too. Next resistance on the way to the measured move target is the 200ma in blue. *not financial advice*
S&P 500 E-mini Futures, Short StrategyHere's a possible short strategy based on S&P 500 E-mini Futures daily chart.
Based on previous price movements I would enter a short position. Await first for confirmation, then enter a position. Keep your stop loss somewhere above the upper channel.
Target 1 - $3690
Target 2 - $3590
Target 3 - $3500
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
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Bitcoin - Drop to 13 000 USDT! But first a relief uptrend!🟡
The situation for Bitcoin is terrible. There is nothing bullish at this moment. We are below the 200 weekly moving average and the main trendline from 2013 has been destroyed by the bears recently.
The bulls are weak, and the only trump that they have is the 200 weekly moving average on the TOTAL crypto market cap chart, because the price is above this level.
On the 4h chart we have a descending parallel channel that is well respected, so there is a possibility for another drop down in the immediate short term.
As per my Elliott Wave analysis, an impulse wave has been printed on the chart, and this is absolutely devastating for the bulls. That's not what you want to see.
Anyways, I think this impulse wave is done or almost done and we should go up for an ABC correction above the previous triangle to wipe out late shorts on the futures.
Then it looks like we will continue lower to 13 000 USDT, which would be a great zone for a long position back above 25 000 USDT. However, I don't think we will hit the all-time high in the next few years.
It looks like the bubble has popped and we are in the first real bear market in the history of Bitcoin. The first bull cycle from 2009 - 2021 has ended and we are in the first bear cycle. We don't know how long this bear cycle is going to last.
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Bitcoin - You haven't seen this before! (secret)
You haven't seen this inverse head and shoulders pattern before! The price of bitcoin is going sideways, so I had to do more research and find something new.
30400 USDT is a profit target for the Head and Shoulders pattern, which is strong resistance. It's the measurement target of the HaS + previous symmetrical triangle point of control (POC).
The 5–10-year bear market is not confirmed yet, so do not fall for it! First, the bears need to break the 17500 USDT level to confirm this scenario.
The stock market is crashing like crazy, but Bitcoin is extremely durable. So good, right? Or so bad, if you are in a short position.
As per my Elliott Wave analysis, we have started the uptrend with an impulsive structure (9 waves), which is definitely a great sign, because 5-9-13-17 waves are impulsive, while 3-7-11-15 are corrective structures. An ABC correction of the previous impulse has also been completed successfully.
Is this inverse head and shoulders pattern the last hope for the bulls? I think so.
Is this the last time we can purchase bitcoin for less than $20,000 USDT? Not sci-fi.
Is a 5–10 year crypto winter possible for the crypto market? If we break below the 17500 USDT level, then yes.
Is it possible to get 3000 USDT per bitcoin? If we break below the 17500 USDT level, then it's actually very possible.
Is Bitcoin a Ponzi? Yes!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Vimeo Bullish Divergence with a Gap to Fill AboveWe have Bullish Divergence on the RSI and MACD near tyhe bottom of a Channel i think it will target the top oof the channel from here and if it breaks out then it will target the gapfill significantly above us.
zyduslifeZydus broke above descending channel with decent volumes.
Could be bought with mentioned stoploss & target.
USD/CAD: Expectative in the trendFundamental Analysis:
1. U.S. Treasury Yields climbed on Monday as investor remained concerned the FED would maintain it's ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. Business activity in October.
2. Investor will be watching closely at any indication from policy makers of a less aggressive approach regarding future rate hikes as FED expected to increase 75 bps in the next week.
So, we see some fundamental news that sound negative and could to affect the Dollar. But now, we could to see a possible sshort position in USD.CAD to short.
So, we hope it!!!
Good luck!!!
ADA - 47% CRASH | Buy here!
I am very bearish on specific altcoins such as ADA, XRP, SOL, LUNC, SHIB and much more. Why? Because the charts are terrible and I don't even know why you should buy these overpriced altcoins that will never make you rich. Some gains are possible, but you have to focus on altcoins with low market caps, not these Giants.
It's too late for the party. I am not saying these altcoins are bad. These coins are great, but the market cap is too high and whales want to buy them at a cheaper price.
Cardano is in a massive downtrend, basically in a free fall mode, and another 47% drop is likely in my opinion. There is pretty much nothing bullish on this chart; the bulls completely disappeared.
You can buy ADA at 0.1841, at least for a short-term bounce (150% - 300% profit). I will inform you about possible targets next year, so do not miss it and follow me!
The price is printing a falling wedge pattern and a descending triangle. As you can see, the bears destroyed the triangle without any problem!
From the Elliott Wave perspective, the market structure is insanely bearish and I expect 2 huge impulse waves downward to complete a major ABC correction.
The bears are in power and I would not play with them at all cost. We need much more time to recover from this abyss.
Look at my ideas about XRP and LUNC in the related section down below.
For more analysis, hit "Like" and "Follow"!
Bitcoin - 2018 vs 2022
I know that bullish analysis on Bitcoin is extremely unpopular at this moment. I can feel it in the comment section of my several previous Bitcoin analysis.
The most popular ideas on TradingView are extremely bearish, and the sentiment is very negative and fearful.
Pretty much everyone is expecting 13k. In this case, I am not saying the crowd is wrong, because during a fifth impulse wave, the crowd might often be right.
The situation is, of course, very different this time compared to 2018, but I have seen a lot of these comparison analyses on Bitcoin, so let's do it.
The triangle in 2022 is really weird. It's probably not even a triangle. It looks like an inverse head and shoulders with a steep neckline or a double bottom reversal pattern.
Triangles usually appear just before the end of the trend or at the end of the trend. These patterns are, of course, very tricky.
There is a possibility of a last scam wick to the downside to 17,600-17,900 before the price explodes to the upside! But I hope the bulls will defend 17611 USDT because it's very important from the Elliott Wave perspective.
I hope the bulls will prevent Bitcoin from falling because I don't want a 5-year bear market, I think no one wants it in the crypto community.
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Terra LUNC - 47% drop is in-play!
Maybe there is nothing that can stop an upcoming dump on LUNC at all. The bears are really strong here and we are currently 60% down from the previous swing high.
As you can see, the price is breaking down from the local descending triangle and heading downward to the abyss. Also, we have a descending parallel channel , and we can possibly touch the bottom of the channel!
If you think LUNC is a great coin, then you can buy LUNC at 0.00013, which is a reasonable place to buy because there is a great confluence.
As per my Elliott Wave analysis, the uptrend from September 26 to October 2 was just a 2 wave corrective move. This is definitely not what you want to see as a bull.
You can be sure I will also be bullish on LUNC, but first I want to see some bullish price action, and this is definitely not a bullish price action!
But on the other side, this coin is a perfect opportunity for the bears to short this coin on the futures market.
Look at my idea about XRP in the related section down below.
For more analysis, hit "Like" and "Follow"!
SUSHI - Double breakout! An extreme uptrend is coming!
Great news for the SUSHI altcoin, because a descending parallel channel and a symmetrical triangle are currently breaking out with elevated volume!
Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target.
Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost!
According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive uptrend in the immediate short-term.
As you can clearly see, the last bullish candle looks like a dildo, which you really want to see!
I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen.
It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button!
I expect massive gains for selected altcoins. You can find them in the related section down below.
For more analysis, hit "Like" and "Follow"!
QIUSDT - Descending Channel on WeeklyQi has been inside this channel for close to 1 year now. If we can remain above the $0.00850 level this week and next, and close above the channels resistance line, then some decent bullish action could ensue.
