The next target of the Bitcoin cycle is the historically MVRV?Bitcoin's price is currently overbought locally. Yesterday, the price reacted with a decline of 4.9%. This was the first response, and now it’s important to hold the level of $62,700–$61,800. A breakdown below this level would signal a trend reversal to a downward trend with the first target being the imbalance zone at $52,500–$49,550, as marked on the chart. I would like to see investor support manifest in this imbalance zone, but if I don’t observe sufficient buying volume, I will expect a swift reversal and a breakdown towards the key on-chain level, the MVRV Pricing Bands (-0.5sd). This is a critically important level from which strong Bitcoin trends have historically formed in a broader perspective.
In a positive economic environment, there is a chance of a rebound from the $62,700 support zone, possibly forming a divergence and a potential double top. The reaction of sellers during the bounce from $62,700 will play a significant global role. If the price consolidates above $67,000–$68,500, then we could see a BullRun!
Economic Cycles
ETH Price Analysis: Eyeing a Sell Opportunity Near Key ResistancAfter finding strong support around the 2150 zone, Ethereum (ETH) began a recovery and has since entered an upward trajectory.
While this recent upward movement is encouraging for short-term traders, the overall long-term outlook remains uncertain. There is a strong confluence of resistance around the 2900 zone, which may pose a significant barrier to further gains.
In my analysis, despite the recent rise, Ethereum bulls are not entirely in the clear. The market is still vulnerable, and there is a strong possibility of another downward move, potentially pushing the price below the critical 2000 level before we see a genuine reversal and a more sustained uptrend.
In conclusion, I'm looking to sell if Ethereum approaches the resistance zone, especially near the 2900 level.
My target will be at least the recent lows, as I anticipate that the market may struggle to break through this key resistance.
However, this bearish outlook would be invalidated if Ethereum sees sustained buying pressure above the 3000 figure.
IoTeX | Long Term Profits Plan Hello traders!
There's hype in the air as BTC has moved within a bullish wave even though we are inside a descendant channel point. So, it could either re-test resistance at about 70k again or get back inside the range. So here's an idea to use in the long term for IoTeX
1) Price has been in a range for a long time and within this range best zones to buy would be at: 0.013 - 0.021 these may get re-tested before the bull run so you can set up some price alerts. Or if you feel brave you can enter at 0.031 which is the current monthly support
Verify entry points at lower time frames with the strategy of your choice.
2) TARGETS: The nearest one would be 0.060 - 0.070 but within the range it could go up to 0.10 but if that happens then the range would be broken leading to an uptrend which must coincide with the bull run so before it happens, it will drop heavily so I suggest to TP safely at 0.060 - 0.070 for the time being.
This idea is to spot for the long term. This asset is still in a balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a bullish triangle pattern on the daily timeframe playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
Catizen(CATI) Analysis==>FallingCatizen Telegram game has been listed with BINANCE:CATIUSDT token in various exchanges for less than 5 days .
What is Catizen!?
Catizen is a revolutionary gaming bot on Telegram that seamlessly integrates the Telegram & TON blockchain, transforming Web3 access by enabling practical mobile payments. By leveraging Telegram's immense traffic, Catizen aims to establish a Web3 traffic nexus on a scale of hundreds of billions. Catizen will become a mini-app center, combining the unique features of Launchpool with short videos and e-commerce, attracting and engaging users through gamification and strategic Play-to-Airdrop initiatives. This innovative approach aims to revolutionize the way users access and engage with the Web3 ecosystem.
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The opinions of Telegram users about this game are that those who spent money in the game were awarded more tokens and the number of CATI tokens did not depend only on the level of your cats in the game, and I think this was a weakness of the game and the criticism of many users brought along
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In terms of Technical Analysis , Catizen(CATI) has succeeded in breaking the Support lines and the Support zone and it is likely to decrease at least until the next Support zone .
Did you participate in the airdrop of Catizen Telegram game!? Your personal experience of this game!?
Catizen Analyze (CATIUSDT), 1-hour 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.
$WST longI've entered a long position in this charts. The reasons for this are the following:
After the low of the 25th July this stock makes contineously higher lows
A few days ago we had a bullish crossover of the SMA 30 and 50
I see the macro situation for US stocks in the following weeks rather bullish (the bullish Q4 is about to begin and the FED has lowered the interest rates)
What could go wrong is that we see another downward move and re-test of the 38.2 % Fibonacci level. Otherwise I see the short-term upward move as more likely.
Energy Cycle Materials has just fired off and the next big sectors to look at are Energy and Utilities.
Here are the charts I am watching
- White is XEJ,
- Yellow is US Oil Price,
- Blue is Natural Gas, and
- Orange is the Coal Price.
Coal bottomed in January and has been on a progressive grind up for the past 8 months.
Gas bottomed in March and then put in a convincing HL in June.
Oil is being used as a political play for the Democrats heading into the election.
As soon as the elections are over, there is no longer a need to manipulate oil prices, also as the Northern Hemisphere starts winter the energy usage and costs begin to soar.
Everything works in cycles - The Energy cycle should start in November and run for 18-24 months.
That is when the Energy Sector will start to fire.
So its time to plan your Energy and Utility trades for November / December entries
OP & ALTs Resistance While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout.
I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market.
OP here seems to be replaying the same structure as last year. If it breaks out of this zone then perhaps alts are on the verge of the ultimate breakout. But in the past the major breakouts usually happen after a slow and gradual drift higher.
The timing can be off but just using last year as a guideline.
These sharp moves higher are usually shorts getting liquidated and longs jumping in from short term perp leverage traders which can be unsustainable for the true breakout back to ATH or new highs. There are exceptions like BINANCE:SUIUSDT
where it shorts get liquidated, longs pile in, and lots of late spot fomo buying occurs.
What invalidates this is if BTC creates a god candle breaking the 70k level from here and doesn't slow.
It makes a little more sense to me if we see alt season towards very EOY or towards the very beginning of 2025 if crypto as a whole shows strength here in Q4.
A Fascinating Cycle in the S&P 500's ($SPX) Century-Long JourneyExplore this intriguing pattern in the S&P 500's performance over the past century, as highlighted by analyst Jay Kaeppel at Sentimentrader:
- The Mid-Decade Boost:
Remarkably, the 18-month period starting from October of a '4' ending year to March of a '6' ending year has consistently seen positive growth in the equity markets for the last ten decades
- Visual Evidence:
The accompanying chart illustrates the S&P 500's SP:SPX performance over the last 100 years, specifically highlighting the gains from October of years ending in 4 to March of years ending in 6
- Historical Success:
We're on the cusp of this period once again. Historically, this timeframe has been lucrative, with the 1930s showing an impressive 64% return, while the 2010s saw a more modest, yet positive, return of about 4.5%. On average, returns of 35.8% were achieved during this periods
- Cautionary Notes:
While history provides a pattern, it's not a definitive predictor. Major fluctuations can and do occur
Moreover, Jay points out that the current Shiller PE ratio stands high at 36.83 this October, potentially capping the upside when compared to starting points past decades in October of years ending in 4
-> Your Thoughts?
Given this historical trend, do you believe that the trend in this decade will be positive again in the next 18 months, or do you believe that the current economic indicators make the patterns of the past irrelevant?
The overnight gap up on $SPYThe majority of the move in AMEX:SPY since 1993 has been in the overnight session.
In a trending bull market, and making new highs, this gap trade becomes more common.
But it doesn’t happen every day
We bought the close on Friday, looking to close out early near the open on Monday
Theres countless papers on this edge, heres one about the overnight drift
papers.ssrn.com
Cable (GBPUSD) heading for 1.3800, FED rate Hike Priced In I believe the FED rate cuts are largely being priced in. We are now moving to that liquidity event level that was as a result of Russian sanctions and some liquidity being sucked out of the system. I expect Cable to move up to the 1.3800 level first and then possibly 1.4000.
1. You can see the Volume come in after the FED cut. That's some of the earlier longs liquidating on the higher volume trading those events.
2. You can see from the volume that the trade started from October last year and picked additional pace in April this year. So if you are trading the upside now you missed out on most of the earlier move.
3. The key now is to wait for sellers or develop a bullish bias in intraday traders if you are a day trader. You can follow more of my thoughts as a 15 year trading veteran in London
Is Kaspa ($KAS) About to Repeat History?Is Kaspa ( CRYPTOCAP:KAS ) About to Repeat History?
Looking at Kaspa’s price action, we are approaching a key bottom based on its power law model. Historically, Kaspa has followed its own unique cycles, with the -50% deviation from the power law providing ultimate buy opportunities. These moments are rare, and we are currently hovering around that critical zone, signaling a potentially high reward entry point.
While past cycles weren’t always perfectly aligned, the bottom signals have consistently been amazing buy zones. If Kaspa continues to follow its power law trend, this could be a golden opportunity for those looking to enter at a strategic price.
Does the news even matter, or should we simply wait for Kaspa to grow in USD value over time?
With Kaspa’s cyclical nature, it seems that patience could pay off massively. The power law has proven to be a reliable guide so far, and right now, we may be witnessing another rare buying window.
Key Points:
Approaching a -50% deviation from Kaspa’s power law: Historically rare and highly profitable
buy zone.
Kaspa follows its own cycles, and we may be at another cyclical bottom.
The risk-to-reward ratio in this area could be massive if history repeats itself.
What do you think—will Kaspa follow its power law and surge, or are we in for a new pattern?
📉💥 Ultimate buying opportunity?
#Kaspa #KAS #Crypto #PowerLaw #Cycles
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.
RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
Soon we enter into the next bullrun facemelt, be readythe last times we broke the negative trend on the rsi on the weekly btc facemelted up, I could see a case where we have one more dip to create a very large inverse head and shoulders on the daily, but usually you don't get another chance to buy the lows, and since september is coming to an end and there is rate cuts from the usa and china.... :)
Potential trade setup on EURUSDWe are looking at a long trade on EURUSD based on the stretch strategy. The trade is aligned in trend with his higher timeframes and has taken out the upper stretch as shown in the diagram. We will exit the trade once range has been acheived.
Trader Order Details:
EURUSD(Long)
E - 1.1195
SL - 1.1176
T - 1.1227
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
What is Structure Mapping in Gold Trading XAUUSD?
Structure mapping is essential for day trading, scalping and swing trading gold.
It is applied for trend analysis, pattern recognition, reversal and trend-following trading.
In this article, I will teach you how to execute structure mapping on Gold chart and how to apply that for making accurate predictions and forecasts.
Take notes and let's get started.
Let's discuss first, what is structure mapping?
With structure mapping, we perceive the price chart as the set of impulse and retracement legs.
Structure mapping can be executed on any time frame and on any financial market.
Look at a Gold chart on a 4H time frame. What I did, I underlined significant price movements.
Each point where every leg of a movement completes will have a specific name and meaning.
On a gold chart, I underlined all such points.
These points are very important because it determines the market trend and show the patterns.
When you execute structure mapping, the first thing that you should start with the identification of a starting point - the initial point of analysis.
On a price chart, such a point should be the highest high that you see or the lowest low.
If you start structure mapping with a high, that high will be called Initial High.
A completion point of a bearish movement from the Initial High will be called Lower Low LL.
A bullish movement that completes BELOW the level of the Initial High or Any Other High will be called Lower High LH.
A bullish movement that completes on the level of the Initial High or Any Other High will be called Equal High.
A bullish movement that completes above the level of the Initial High or Any Other High will be called Higher High HH.
If you start with the low, such point will be called Initial Low.
A completion point of a bullish movement from the Initial Low will be called Higher High HH.
A bearish movement that completes ABOVE the level of the Initial Low or Any Other Low will be called Higher Low HL.
A bearish movement that completes on the level of the Initial Low or Any Other Low will be called Equal Low.
A bearish movement that completes below the level of the Initial Low or Any Other Low will be called Lower Low LL.
Look how I executed structure mapping on Gold chart.
Starting with the lowest low, I underlined all significant price movements and its lows and highs.
You should learn to recognize these points because it is the foundation of gold structure mapping.
Combinations of these points will be applied for the identification of the market trend, trend reversal and patterns.
According to the rules, 2 lower lows and a lower high between them are enough to confirm that the market is trading in a bearish trend.
While 2 higher highs and a higher low between them confirm that the trend is bullish .
In a bullish trend, a bullish violation of the level of the last Higher High will be called a Break of Structure BoS. That event signifies the strength of the buyers and a bullish trend continuation.
A bearish violation of the level of the last Higher Low will be called Change of Character CHoCH . It will mean the violation of a current bullish trend.
In a bearish trend, a bearish violation of the level of the last Lower Low will be called a Break of Structure BoS . It is an important event that signifies the strength of the sellers and a bearish trend continuation.
While a bullish violation of the level of the last lower high will be called Change of Character CHoCH. That even will signify a violation of a bearish trend.
That's how a complete structure mapping should look on Gold chart.
With the identification of the legs of the move, highs and lows, BoS and ChoCh you can clearly understand what is happening with the market.
Gold was trading in a bearish trend. Once the level of our Initial Low was tested, the market started a correctional movement and started to trade in a bullish trend.
Once some important resistance was reached, the market reversed. We saw a confirmed CHoCH and the market returned to a bearish trend.
Structure mapping is the foundation of technical analysis. It is the basis of various trading strategies and trading styles. It is the first thing that you should start your trading education with.
I hope that my guide helped you to understand how to execute structure mapping in Gold trading.
❤️Please, support my work with like, thank you!❤️
Dark Pool Buy Zone Stages More Gap Up PotentialNYSE:NKE gapped again with a breakaway gap jumping over resistance. These rarely fill and if the gap fills, it will be minimal. Volume was above average. This kind of gap up sequence can happen easily when a classic Shift of Sentiment pattern forms in Accumulation/Distribution indicators as a stock bottoms. But price remains well below the previous gap down. It may gap again as the stock challenges that resistance.