Following lines
interpretation of the patterns
Good evening sirs , today we will be doing analysis of candlesticks with pivot points and cycles.
Please be sitting in your seats to receive it well better!
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Economic Cycles
Weekly Forecast: A High Volume Week Ahead!Common themes across the board with daily rallies that need to exhaust sooner or later and price approaching (if not already in) weekly EPD levels which overlap with Order Blocks or Fair Value Gaps. With an abundance of opportunity in the market, be careful not to marry your bias by maintaining a neutral perspective on all pairs.
My Bias for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - SHORT
GBPJPY - LONG
USDJPY - LONG
Alarm for falling?In this post, I want to look at Sol from the upper time frame and in the next post we will go to the lower time frame😎
Cycles:
Let's start with cycles. In HWC (our big trend), the trend is upward
In MWC, the upward trend is weak
LWC is falling.
So, we can take more risk to climb, because it is the same direction with HWC and a little bit MWC, because the trend is weak, and for short position, we have to save profit quickly or put a big stop loss.🤔
Support and resistance:
Above the resistance of 175.67 we can continue the uptrend and below the support of 162.57 is a bit risky, for less than that we can consider 159 as support. It depends on your personality which one you choose, we can have a fall📉
Our general view of the chart was this. In the next post, we will go to a smaller time frame and a more detailed view🫡
BTC cycle measurements for BREAK OUT and ATHBREAK OUT from previous cycle’s ATH price
One of the cycle events that I feel is worth measuring is the event of breaking the previous cycle ATH and staying (well) above it. And the way that I measured this in the past I overlooked an important thing. I measured only when the dates the price first hit the previous ATH, and not to the later dates of when the price actually held above it, never to see it again. I feel like measuring from halvings makes most sense, but interestingly enough measuring from previous ATL and ATH, they all overlap.
With measuring this way, and giving weight to the idea of the cycles, I am now keeping an open mind that this event might happen between later Nov to late Jan 2025. (Thinking it won't happen until March seems unlikely to me, but who knows). In 2020, it was on Dec 13th, which is right in the middle of the measurements from past halvings.
Cycle ATH Time Frame
Same here, I think Halving to ATH seems like the best to measure, but I also measured ATL to ATH, and ATH to ATH. Once btc finally breaks and stays above 69k then we can also map out that for another time frame to ATH.
Call it last cycle PTSD, but I’m not as interested in digging into the price points or percentage gains. But as an attempt, I did measure ATH to ATH percentage gains. I don’t see any simple pattern here. C3 (2021 top) does seem like a heavy under-performing outlier. With some simple theories I came to very round numbers of 150k on the lower end, 250k being hopeful, and 280k on the higher end.
I label C3 as “cycle 3” which I’m referring to the 2020 cycle. C2 is the 2016 cycle and C1, 2012. Cycle One is probably 2008 to some people, I apologize for confusion.
AVN, Bullish Channel with Flag Breakout- Weekly Bullish Flag
- Breakout of flag
- Now trading in Bullish Channel
- Time cycle indicated
- A complete cycle takes around 220 days
- This cycle completed around 200 days
- New cycle and bullish moment is expected in next 20-30 days
- upcoming board meeting may trigger this cycle
- Buy suggested with SL of closing below 48
- Take profit on top of channel
- Ultimate target is 140
APT Short📈 Current Price and Trend:
The chart shows that APTUSDT is trading around $9.12.
A bullish trend started from a strong support level, as marked with the annotation "Start Latest bull-trend". The price has moved upwards within a channel, breaking through previous resistance levels.
🔄 Pullback to Breakeven:
A pullback to the breakeven zone (highlighted in red) around $9.57 - $9.97 is seen, which may act as a key resistance area if the price attempts to rise again.
🎯 Take Profit Targets (TP):
TP-1: $9.18 📌 – This level might be a short-term resistance where partial profit can be considered.
TP-2: $8.83 📉 – Another potential target within a downward trend.
TP-3: $8.30 📉 – This level aligns with the next support, where a significant pullback could happen.
📊 Key Support and Resistance:
Resistance: Near $10.73, marked by the upper trendline, and also around $9.57 - $9.97 (breakeven pullback zone).
Support: The next strong support level is around $7.49, where a trend reversal could occur if the price drops.
⚠️ Recommendation:
Long Position: Consider entry if the price holds above the breakeven zone with targets at TP-1, TP-2, and TP-3.
Short Position: If the price fails to hold above the breakeven zone, aiming for lower targets around $8.83 and $8.30 could be prudent.
This analysis combines key price levels, potential take-profits, and possible resistance and support zones as per the channel and trendlines shown.
$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
XRP signalBased on the chart provided for XRP/USD , here's an analysis of your trade setup:
Trade Analysis for XRP/USD:
- Entry Point (EN): 0.5399
- Stop Loss (SL): 0.5445
- Take Profit 1 (TP1): 0.5347
- Take Profit 2 (TP2): 0.5275
The chart illustrates a trading range where XRP is expected to move between support and resistance levels. The market shows signs of a possible rejection around 0.5445, suggesting an opportunity to enter a short position at 0.5399 with two potential profit targets, the first around 0.5347 and the second at 0.5275.
A stop-loss is set above the recent highs at 0.5445, ensuring risk management.
Why WEN Could Reach $0.01: Raise Your Targets Now!In this technical analysis, we break down the reasons and factors suggesting that WEN could reach the coveted value of $0.01. We are on the brink of a bullish supercycle, particularly in the meme cryptocurrency sector, where cat-themed memes are gaining unprecedented relevance, similar to the phenomenon seen with Bonk (dog-themed).
It's crucial for everyone involved to reassess and elevate their projections, as we are very close to achieving this milestone. With a projected market cap of $7 billion, the possibility of WEN surpassing the penny threshold is tangible. We cannot ignore the potential price impact if influential figures like Murad mention WEN on platforms like Twitter; such an event could unleash a wave of FOMO so intense it could potentially propel us to an unexpected value of up to a dollar.
The community strongly supports WEN, and while its ecosystem benefits are evident, our immediate focus is reaching the penny mark. Dog-themed cryptocurrencies have fallen out of fashion, and capital rotation is heading towards memes with higher FOMO potential, with WEN being one of the most notable.
See you on the moon, and remember to wear a helmet, because the WEN cat already has his on! The cat is cute.
Hamster Kombat(HMSTR) Analysis==>>Dead Cat Bounce PatternThe Hamster Kombat(HMSTR) project has taken a downward trend after the unsuccessful Airdrop that disappointed many of its users.
This bearish movement reminds me of the Dead Cat Bounce Pattern . We can even name this pattern for the BINANCE:HMSTRUSDT token, Dead Hamster Bounce Pattern😂.
Why does a Dead Cat Bounce Pattern form?
When the price experiences a sharp fall, traders feel that the price has reached the lowest support area and is worth buying. In this area, they start buying, and the price increases with a lot of momentum. But this cat is dead and cannot have a total bounce to go up; it's just a dead cat bounce.
In this area, the asset has lost its value, and this bounce occurs only for psychological reasons among traders, and there has been no change in the value of that asset. So the price has no reason to rise.
In this bounce, the buyers get extremely hopeful and enter the market, but they need to know that the cat is dead and cannot bounce.
The Bearish Flag Continuation Pattern is also clear in the Hamster Kombat(HMSTR) chart.
I expect the Hamster Kombat(HMSTR) project to continue its decline and if the project team does not think about their project, it is possible that in the coming months even this project will fall to very low prices and even be removed from some exchanges .
Note: If the Hamster Kombat(HMSTR) can break the Resistance zone($0.0054-$0.0050), we can expect Hamster Kombat(HMSTR) to pump at least +15%.
Hamster Kombat Analyze (HMSTRUSDT), 4-hour time frame⏰.
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.
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Long trade
2min TF overview
Buyside trade idea
30min TF Structure
1min TF Entry
Entry 5.165
Profit level 5.298 (2.58%)
Stop level 5.160 (0.10%)
RR 26.6
Reason: Buyside bias observed on the 2-minute, time frame forming higher highs, followed by marking out pivotal price points highlighted yellow for additional confluence with bias.