New Technologies Can Push Stocks to New HighsNYSE:CAT easily moved above the resistance highs from March and out of its sideways trading range, making new highs. The white candle on lower volume was interesting: intraday showed pro traders in control toward the end of the day as retail traders and smaller funds started selling prematurely. A resting pattern would be a lower-risk entry to prepare for the breakout.
Caterpillar, Inc. has new technologies coming to market. The company unveiled its new technologies for mining on Sept 24, 2024. It reports earnings on October 29th. If you are trading or holding this stock, check support levels but be patient.
Investingideas
Bitcoin's Bull Run Is Closer Than You Think (Q4 Shock)Good Morning CryptoFam and Investing enthusiasts,
As we find ourselves in another week of downward price action, I want to believe that this could be a massive fake-out as we patiently await the anticipated Federal Reserve rate cuts expected during the week of September 18th (source:(www.cmegroup.com).
Looking at Bitcoin's historical patterns, particularly market seasonality—defined as predictable trends in asset prices driven by recurring events such as holidays, earnings seasons, tax deadlines, or consumer behavior—we can expect a positive trend reversal starting in October. Historically, Bitcoin has delivered an average Q4 return of almost 89%. From today’s prices, this would put us on a trajectory towards the $100K mark by year-end (source: www.coinglass.com).
Additionally, when we examine the liquidation heat-maps, the liquidity below current prices has mostly been exhausted, meaning that downward pressure from market makers could begin to ease as fewer positions remain to be liquidated below this range. Now, the most tempting targets are the shorts—many of which began shorting around the $74K all-time high. It may be time for a short squeeze (source: Liquidation Heat-map (www.coinglass.com).
Now for the exciting part: We've been trading in a parallel channel for about 175 days. This has been a test of patience, draining much of the motivation from market participants—especially as traditional markets have performed so well this year. However, our time is coming. I've been quietly stacking at these lower prices, with confidence in what's to come.
Let's take a moment to analyze the technicals. On the weekly chart, we remain within the aforementioned channel, and the Bollinger Bands have become extremely tight—often a precursor to significant price movement. The price currently sits near the bottom of the BB%b indicator, signaling that Bitcoin may be oversold.
Next, we turn to the RSI (Relative Strength Index), which is currently sitting at 47 on the weekly chart. This essentially indicates a reset, giving us room for a potential upward move. However, it’s important to acknowledge that while it doesn’t limit a higher price move, it also doesn’t preclude further downside.
Supporting my bullish thesis as we approach year-end is the "Sine Line" indicator. This tool, which aligns with time and cycle theory, suggests that we are nearing the bottom of bearish momentum, forecasting a return to upward price action in the coming weeks and months.
Finally, let’s talk about projecting previous cycles into the future using the Bar Pattern tool in TradingView. To create this pattern, I mapped the price movements from September (post-halving) for the last three cycles (2012, 2016, and 2020), extending the trend from September to the top of each cycle. Interestingly, each cycle lasted approximately the same length of time and aligns well with the Sine Line tool. It points to an expected cycle top around December 2025.
Just for fun, I plotted the potential price levels if Bitcoin were to follow similar run-ups from those cycles. While I don’t expect a 2012 or 2016-style price explosion in the next year, it's fascinating to note that all three cycles fit perfectly into the current price channel. This strengthens my conviction that we've already seen the market bottom and are poised to resume our bullish direction soon.
As always, #frens, I appreciate you taking the time to read my thoughts and analysis. Remember, this is just my opinion. Please do your own research and take actions that are appropriate for your unique situation. That said—do take action.
For more insights, please visit my webpage at linker.ee/pcalzolaio. I look forward to sharing this journey with you all.
#FIRE #FREEDOM #BITCOIN
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
INDUS TOWER LONG/BUYTrade Setup long in Indus Tower
1. Monthly/weekly/Daily TF Bullish
2. Consolidating near a Big Breakout area
3. Block Deal happened b/w 311-340 and low is tested already in 3rd 5 min Candle
4. 2 Bullish Hammers on 5 Min TF & SL is Slightly Big as it is a positional Trade
5. Marked blue is a strong Breakout Level
6. 325-320 is Strong CIP Level
7. Hence Went Long
8. Buy @335-340 SL-310 target 450-470
Fundamentally this company is strong and also the part of rural developing economy alongside, which will benefit India in coming years definitely
EQUITASBNK : Going BullishEQUITASBNK: As per chart at Weekly timeframe, it seems this stock is about to break the neckline of Double Bottom pattern (Bullish).
Weekly TimeFrame:
www.tradingview.com
If you see the daily time frame, it has already given a breakout of the trendline.
Daily TimeFrame:
www.tradingview.com
We can enter to buy the stock for a medium to long term view once it is breaking 103 level. The first target will be 116 and then 133.
Ethereum - $5.000 retest soon?Hello Traders and Investors, today I will take a look at Ethereum .
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Explanation of my video analysis:
By connecting the significant highs from 2018 and 2021 and the significant lows from 2019 and 2022 you can see that Ethereum is clearly trading in a rising channel formation. Furthermore Ethereum is approaching the previous all time high which is roughly at the $4.500 area but even then the path of least resistance is certainly higher. Eventually I do expect a retest of the $5.000 level.
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Keep your long term vision,
Philip (BasicTrading)
ONON Possible bullish breakI am currently watching Swiss shoe maker company called On Holding AG, ticker ONON. The price action of the stock is forming one of my favorite patterns, Cup with Handle.
Things to consider:
1. My first buy point is sitting just below current price level, at $33.67 price.
2. Once I enter this position, my stop loss will be set at $30.30 level, just below 50MA.
3. Additional buying for the stock will be done once the previous high is broken, sitting around $34.4-34.8 price level, which is acting as resistance at the moment.
4. Ultimate price goal for this stock would be the first high after IPO, price around $40, if price action is bullish and I see a healthy uptrend, I will surely continue holding this stock.
Of course, as always, this is my personal opinion. Please do your due diligence before investing.
IONQ is set for a breakoutNYSE:IONQ is breaking out from Stage 1 into Stage 2 with huge volume. Note this is on weekly and it would need at 2-3 quarters to pain out. For investors who want to hold long term the initial breakout is good entry point, but for traders they should wait for 2nd bounce after retrace from initial breakout.
NYSE:AI is retracing today back to the mean.
OXY - Great setup
NYSE:OXY - Elliott wave Analysis
Warren Buffet bought OXY in Q1,Q2 and Q3 of 2022. We can't all be Buffets but a a good setup might be in place right now.
A clear upward impulse wave starting in October 2020, with an extended third wave that reached its peak on May 31, 2022.
Since then, we have been witnessing a period of consolidation in the form of a retracement wave (4). The sideways movement of the price is characteristic of a triangle pattern.
Triangles are a slow and sideways movement that indicate a balance in the convictions between bulls and bears. They are only present in waves 4, B, and X, preceding the final wave of a sequence.
The eventual outcome of a triangle pattern is a wave 5 of the impulse sequence, also know as the post triangle thrust. The good part is that we can calculate this post triangle thrust.
In terms of Fibonacci retracements, the current retracement of 0.236 in wave 3 aligns with the second most common Fib retracement for wave 4.
It is important to note that triangle patterns can be difficult to trade. Why because in this case the triangle can take the form of a B wave at a larger degree than fall in wave C finishing the correction. than moving up in wave 5 of the larger impulse wave. This may not be relevant in the current situation, however, it is important to exercise caution and keep this in mind."
When they conclude though, they result is the post triangle thrust.
ConclusionGood upside potential at least to $74 level 13% increase from the current level. There is also another energy stock with the same wave count NYSE:PXD this time with a dividend yield of 11 %.
Legal Disclaimer: The information presented in this analysis is solely for informational purposes and does not serve as financial advice.
US Market – Long, Mid & Short-Term ViewHow to formulate investing and trading ideas for the long, mid and short-term within one single market? In this tutorial, we are using S&P.
What you are about to learn can be applied to all markets.
Markets are giving us many confusing signals with Dow Jones. According to CNN report, it enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November.
Whereas Nasdaq and many other stocks are very much still in their negative zone for the year.
Also, the Fed’s policy is not very encouraging, with their priority to curb inflation with higher interest extending to next year than to pause it so as to revive the economy.
So, with all these confusing signals, we are going to learn how to derive:
Content:
• Long-term view with week
• Mid-term view with day
• Short-term view with 15min
E-Mini S&P
Minimum fluctuation
0.25 point = $12.50
1 point = $50
10 points = $500
I have started this trading series, the purpose is for “Investing & Trading into Longevity”. And again these strategies shared, they can be applied to most markets.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SPY at $320-$310
AMEX:SPY
Let me explain why is everyone is talking about SPY going to $320-$310 levels.
From a pure technical point of view.We have hit $320 support levels three times.June 2020, Sep 2020 and Oct 2020. So this is a natural support level .
From an Elliott point of view we are in a WXY correction, more precisely in minor wave A of (Y). And the most common Fibonacci ratio for a WXY correction is equality, and that will occur at $312.
What wil General Motors do?I share TWO of my IDEAS!
1. First Option (1 YEAR)
Is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of GM
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
IGL: At all time highSl - 480
Clear and simple chart.
Have been in consolidation pattern for almost 3 months at all time high and now making a perfect price action pattern at the top makes it a high probable trade.
Volumes have also increased at this level, which itself is a very positive sign.
Shoot up your queries in comment section.
Playboy PLBY is a Multi-BaggerThis is not my idea or research. This is an idea from one of my favorite analysts, Brian McGough, who is a retail director at Hedgeye Risk Management. He said GME GameStop was a potential 10-bagger when it was at $20 late last year, and he's recently said he thinks PlayBoy is a 10-bagger (from ~$20). The general thesis is that the old management is gone and new management will have an opportunity to pivot the company towards a global sex, health, and media market that has a size of something like 300 billion. Still great upside from here, I am long the stock from $40 and am buying every dip.