Bullish bias on AUDUSD weekly timeframePosition: Long
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern.
3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly.
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Fractal
$SOL Long - King-Maker this CycleIf you have been following me, you know I have been tracking CRYPTOCAP:SOL since $8
CRYPTOCAP:SOL does everything CRYPTOCAP:ETH does, except at instantaneous speed and 0 transaction fees ( CRYPTOCAP:ETH takes 10 seconds+ and costs $10+ each transaction).
I have been following this CRYPTOCAP:ETH fractal since $8 on CRYPTOCAP:SOL (see prior posts).
We are in a clear up-trend.
Up-Trends are your FRIEND in bull markets.
Do not make this more difficult than it needs to be.
CRYPTOCAP:SOL is going SO much higher.
NFA GL HF.
-@CryptoCurb
BTC / SP500 Correlation 👀The stock market updates to the maximum(#ATH), Will Bitcoin do it?
The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity.
📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth.
💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
Buy Low Sell HighInvesting 101: Buy Low, Sell High
Where is Bitcoin price at right now?
I think it's almost at the lowest level possible after 2021.
You won't be able to see this $14k~20k price range again
like how you cannot see $3k~5k price range again from 4 years ago
and like how you cannot see $200~300 price range again from 8 years ago
You'll see the result before 2023 summer.
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows.
↪️ On the one hand, it looks like a sign of "strength"
↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted).
You can even place pending limit orders to buy here and feel a little bit like MM :)
In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity.
That is, the bottom is somewhere close and there should be good growth ahead.
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MEME COIN CYCLE - Total Meme Coin MC to $420BWe do not yet have a Meme Coin Market Cap index in TradingView but I am expecting Meme Coin Total Market Cap to reach ~$420B Market Cap at pico cycle top this cycle
Reasons:
- CRYPTOCAP:DOGE is basically playing out the 'OTHERS' market cap chart, just a cycle behind.
-Instead of CRYPTOCAP:DOGE , you can change this to the Meme Coin market cap chart ( CRYPTOCAP:DOGE was basically the only meme coin in 2020 - CRYPTOCAP:SHIB came later). Currently Meme Coin Total Market Cap as of today 5/23/2024 is GETTEX:61B Market Cap ( CRYPTOCAP:DOGE MC is currently $23B)
-2017 - #OTHERS MC peaked at GETTEX:70B MC.
-2021 - #OTHERS MC peaked at 450B MC.
-2021 - CRYPTOCAP:DOGE MC peaked at GETTEX:70B MC.
-2024 - Meme Coins MC predicted to peak at ~$420B MC.
CRYPTOCAP:DOGE , CRYPTOCAP:SHIB , CRYPTOCAP:PEPE , and CRYPTOCAP:WIF market cap index limited history, is the bright green line chart.
Price is fractal, studying Market Caps is the alpha-leak.
gl hf, make sure to book profits, NFA.
- @CryptoCurb
ADA - Cardano - The Charles ArmyADA - Cardano - The Charles Army
Been awhile. I've pivoted to more rewarding chains. Ie. SOL and its smaller shitcoin prodigies. This one will go properly eventually; but I think your looking at about a 5x from here. Things like RAY, ORCA, JOE etc will probably do better.
Might be wrong and the ADA market makers are instructed to pump this puppy like they used to. ie 100x from bottom.
If Charles pivots this ship to be more developer friendly and .. cooler then maybe it goes bananas.
This is for my old Cardano homies. keep your head up.
PEPE has NO BAG HOLDERS NO BAG HOLDERS
PEPE in ATH
you are anxious to get in but dont want to become a Baghklder ? Well how do you get in ?
TA helps you :
PEPE Ath
D marabosu
D timeframe is extended.
Needs a 4h HL and eventually a D HL.
15 OS at 4h Ema 12 is worth a short for a shortterm flip for Daytraders.
Patient bulls wait for Hourly Oversold (H OS )
for a D HL and D ema 12 to catch up.
I am scaling out another half of my long with stops
Keeping rest as its an ATH coin.
All time high coins can run harder than the rest as there are NO BAG HOLDERS
Remember never short a Bluesky Bull ! Better options to short everywhere .
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code.
Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position.
However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable.
Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term.
Warning: This is the first live test of this strategy!!
Estimate time for price to increase :
1months-6 months
Expect price to stall within the drawn range. For the following weeks
I don't expect any mayor price movements until the elections, unless a sudden international event happens.
Bitcoin Hopium for You!For your ultimate fractal, let's compare previous cycles from the halving date.
Comparing previous bull runs from the havling date, the next top will occur between Feb 24 and Sep 22, 2025, at a top price of around $350k to $5.9M. Similarly, the next bottom will be between Oct 12 and Nov 16, 2026, at a low price of $100K to $1.22M.
BTC Fractal - 3 Reasons why ATH is still COMINGI've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory:
Then we're taking a look at an inverse H&S pattern observed on the daily:
Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower entries and putting pressure on bears. Historically, it is considered bullish for the price to consolidate under a resistance zone.
Our technical indicator is also overwhelmingly bullish.
After a cooldown from being "Overbought", we're now ready for another impulse wave up.
And lastly, from a logarithmic view, BTC still has room for growth considering we haven't "peaked" out yet:
Note that here, I'm not intending to say we're going straight to 400K with the next impulse wave. Rater, it is a multi-year outlook on how BTC could grow to much higher prices.
In terms of the correction, we're seeing bullish indicators on the price and so it SEEMS that the pullback may be over and we're ready for another impulse wave up (3 steps). I used WXY to demonstrate how it legs up in three unique phases, on top of the normal Elliot 5 waves.
And so it is important to note that even if we do fall lower to continue down with a correction, as long as we do not fall LOWER than the previous point X (as seen on the fractal in green) we are still very much in a macro bullish cycle.
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BINANCE:BTCUSDT MEXC:BTCUSDT
Bitcoin bearish fractal Jan 2018This is another top signal for Bitcoin that occurred in January 2018, similar to the bearish pattern found in July 2019 below.
The bounce over the last few days could be just a three-wave ABC retracement pattern back to the Fibonacci 0.7 level. This fractal suggests that Bitcoin will start going down from here until the halving. If it cannot surpass 73K USD in the next few days, the chance of this fractal playing out will increase as traders will treat it as a lower high.
What will be the future of NOT?As you know, NOT does not have data to review and cannot be analyzed.
But this project was chosen as the 54st project of Binance Launch Pool
With our previous reviews of the Binance Launch Pool projects, we found out that usually the symbols listed in this way in Binance underwent a time correction between 70 and 90 days and then moved upwards.
We expect to see a trend change for NOT on the date between the two vertical lines on the chart.
Note: For buying and risking, the price bottom is not clear, and only on the chart, we indicated the time of trend change schematically.
When we reach the time to change the trend, we can enter the buy position by getting the confirmation and the trigger
EURUSD IN HIGHER-HIGH & HIGHER-LOW MAY TARGET ABOVE 1.09500The pair has recently rallied above the bullish wedge and has been creating higher-high and higher-low for the past few days. IF fibre can rally above resistance at 1.09000, then the next target will be above 1.09500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Ultimate guide on Williams Fractals in crypto tradingIn today’s article we will reveal one of the most powerful tools in cryptocurrency trading which often ignored even by top crypto traders. We are talking about fractals. Best crypto traders just use fractal levels to find support and resistance and trade bounces and breakouts. Spoiler - the fractal breakout is a right way to use it, but support and resistances aren’t. A lot of people are using fractals even for their algorithmic trading bots. We remember when encoding our first automated crypto trading bot the fractals were used for support and resistance detection. It’s not surprise that it was not one of the profitable crypto trading strategies.
Now we researched a different ways to use fractals and assume that we have the great expertise in it to share our knowledge with you. It’s not a top secret that even Skyrex ai trading bot is using fractals in detecting potential trading opportunities. Please, read this article carefully and you will know build your own cryptocurrency trading strategy or even apply it to automated cryptocurrency trading. Let’s go!
Initiating fractal
First of all let’s understand what is the fractal and how it looks like. Fractal is not just a sequence of candles like it can seems on the first look. This is the change in behavior of traders on the market. When you see the fractal on the chart, this is the turning point where a lot of traders were too worried that current trend can be stopped here.
Technically fractal is very simple. If we talk about upfractal it’s just a consequence of bars where the central bar have the highest high than two preceding and two following bars. On the chart below you can see different fractal’s shapes. Don’t worry about it that much because on the TradingView you can find an indicator which find all fractals. Even if you build automated trading bots you can just copy the code of this indicator.
How to trade using fractal
Let’s go to the most interesting part of an article. How to execute trades using fractal? You will be surprised but it’s super easy. Let’s take a look at the picture and try to understand the concept of fractal start, signal and stop.
Fractal start is the fractal which precedes the another one fractal in the opposite direction
Fractal signal is the fractal which follows the fractal in the opposite direction
Now when we have this two fractal combination we can place our sell stop one tick below the fractal signal and go short if market reach this level. Now it’s time to place the stop loss. When your trade is open you shall chose the highest fractal from the last two and place stop loss order one tick above. Here you can have two cases A and B. Look carefully and try to find these formations on the real charts.
Conclusion
Next time we will look inside the fractal and try to understand how to trade during sideways. I think today you could understand that fractal trading is good in trend markets, but it’s not profitable during sideways. Price will hit your order every time and hit stop loss many times before the true trend move. For sure fractal breakout trade guarantees that you will not miss the big trend move, but you will have multiple losing trades in the range bounded market. Next time we will discuss how to avoid it.
BITCOIN Bull Penannt BREAKOUT! Here's Bull / Bear Scenario NextHuge Bull Pennant BREAKOUT today for #Bitcoin !
Massive VOLUME coming with the move and
price closed above 50MA
The RSI looks GREAT and I'm leaning Bullish, but here's a Bull & Bear scenario for the next couple months
CRYPTOCAP:BTC coming up to critical resistance at $67,3
If we can close a few days above that level we'll range ~$69,6
Then retest $64,6 once more...
That will be another critical level to smash past
Another few weeks of range and we blastoff to $80k mid-Summer 👑