Positive Outlook for Polkadot (DOT) PriceDespite the drop in Polkadot (DOT) price earlier this month, investors remain optimistic about this cryptocurrency and continue to invest in it.
The steady increase in capital inflows since mid-month indicates growing interest and confidence in the Polkadot project. These factors suggest a strong belief in the project's potential, which could lead to sustainable price growth in the future.
To confirm a real upward trend, Polkadot needs to break out of the current range between $5.5 and $6.5. If this happens, the price could reach $7.2 and $8.3. The current range is suitable for entry, with a stop-loss for this analysis being a daily candle closing below $5.5.
Long-term-analysis
BITCOIN can rally to $170K if it repeats 2018-21 historyHere we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern).
We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history.
We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at the start of February 2023 and rally as low as 8.5k.
The price would then come back bullish and rally as high as 170k and hit new ATH.
Bitcoin looks bullish in the long run !!!
Let me know if you agree!
This is an analysis. Not financial advice.
S&P 500 INDEX 04 nov 2022 Long Term Analysis (Daily Time Frame)Hi everyone,
Here is my 04 November 2022 long term S&P 500 INDEX analysis. #SPX
To date ( 04 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I have estimated this scenario to have an 80% chance of success, either from a technical point of view or 25 out of 26 indicators are either neutral or bearish. Or from a macro economic point of view where today we have just learned that the unemployment rate is back on the rise (3.7%).
The second scenario, less likely, would be to follow the rise of the second half of October, then succeed in reversing the trend and breaking the descending channel in order to resume a long-term uptrend. 20% chance of success.
RED SCENARIO:
Personally and in view of the different technical and economic factors I think that the red scenario has a better chance of being realized.
It is not unlikely in the coming months that we will return to test the support area of $3550 or even that we break it to continue the decline. The economic conditions to continue the decline are mostly met, they will remain to break with high volume down this support area while remaining in the channel.
Once this support zone is broken, we have a very high probability of testing the support line of $3235 and why not that of $3000.
However, beware of the latter, which is a psychological level that is very popular with traders.
And finally if the conditions have not improved by then, or even worse have deteriorated. We could "maybe" have a continuation of the decline to the low reached during the covid, ie to the resistance zone of $2250
This final hypothesis is really to be taken lightly.
BLUE SCENARIO:
Much less evident the blue scenario is still not impossible, it would require however many conditions which are for the moment not present.
The first and most important would be global economic conditions (Decrease of embargoes with Russia, Decrease of interest rates, Decrease of inflation, Decrease of unemployment rates etc...)
Secondly and simultaneously it would be necessary that the technical indicators begin to consider a reversal (Important RSI divergence in Daily see in weekly, crossing of the mobile averages etc...)
And thirdly, and strongly helped by the first two conditions, the price should break the bearish channel with high volume to consider a possible reversal.
During this break we would have a strong chance to observe a reversal pattern and probably a strong RSI divergence.
If all these conditions are met, then we could envisage a long-term upward turnaround.
Conclusion:
For now the S&P500 is bearish and has a strong chance to continue its fall in this bearish channel, however we do not lose hope to see a reversal happen in a few months/years. For that we will have to respect some conditions but as we know in the financial markets, nothing is impossible.
If you have any questions, I remain at your disposal in the comment space.
Don't you miss the NEXT BULL RUN!We are at the very good zone for accumulation if you still believe in the future of BTC, considering upside vs downside that is 1:3 at least.
I did a rough cycle count here in 2 cases:
1st is the most likely for now: 60k might be the significant top that will last very long and BTC will go into a sideway asset in the next decade. Yet it is still very volatile 300% + volatility.
2nd is the super bullish. It is that we shoot up and trending above 60k with conviction to finish a very large cycle.
BOTH CASES INDICATE THAT IT IS TESTING AT LEAST ATH. I am pretty bullish on this and as aforementioned 1:3 RR is considered very good setup if you don't factor in a time-exposure.
For mid-term, I find it does not done correcting yet. We might side way around this area for a while with some false break. I am thinking it is doing 4th (just done a of A for the 4th and is currently heading down for b of A.) If this is the case I am not expecting the new swing low soon and we are going for a sideway market for a while.
(BTC-USD) Possible Trend Reversal 2 - (June 22)Patterns from other cycles seem to be repeating themselves today.
After each ATH of each cycle, the price heads towards the blue area where the EMA50 is, making a support.
When it breaks the EMA50, the price goes back to the average in the yellow area but this time it makes the EMA50 as resistance.
Finally, the price fails to break the resistance and finds the SMA200 and stops falling in the blue area, the accumulation area, where historically it was the best zone to buy.
Bitcoin goes back up and hits a new ATH and the cycle repeats.
It worked so far, but several external factors can influence some values, so don't take my analysis for granted
S&P - Why it's strongly bearish and where will be reversal?📉Recently we broke yearly level and those confirmed bear trend in global economy.
What was the catalizator of this:
• War in Ukraine. Sanctions against Russia inflated prices in Europe and central banks across the world are raising interest rates in an attempt to fight inflation.
• COVID in China. Because of harsh anti-covid policy, thousands of businesses and factories were temporarily closed and thousands of ships were just left drifting for 2-3 months near the ports, awaiting the end of this mess. Needless to say that this ruined lots of production chains across the world.
Sadly that's only the beginning and in future we may see new global problems.
1. World hunger. As Ukraine and Russia were exporting 1/3 of TOTAL wheat supply, amount of available resources will become much more scarce. This will drive total prices for meat, grain products and oil much higher.
2. New sanctions against Russia or russian counter-sanctions on crude oil/gas.
As winter approaches, oil and gas will become more important than ever. Russia may use it to it's own advantage by introducing sanctions against unfriendly countries, which is all of Europe. Price for those products can easily increase x3-x5 which will make cost of living and producing products much higher. A lot of bubble or break-even companies will die out.
If those two will happen, cost of living for an ordinary man will rise through the roof which will decrease total wealth and global economy as people will buy less.
From technical analysis we may see a strong bounce from 0.382 Fibonacci level or even reversal. By looking at such picture, I find myself strongly bearish but can't lose hopes for this madness to end.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTC/USDT Price have broken above recent structure of resistance ( around 40,600 & 40,500) & heading for the next zone. Possible outcome, bitcoin will try to reach 42, 000 point & by that point we should be looking to short the market to test the violated zone around 40,500 & 40,600.when the market move in this pattern we should be looking to short the market around the violated zone.
Bullish 2W Candle Close for BTCUSDBearish momentum is stalling out, even while the threats of war, hyperinflation, and Bitcoin "failure" loom over the heads of investors.
While we remain in bearish waters, ultimately the lack of momentum here in either direction, up or down, spells out a NEUTRAL outlook for a majority of remaining crypto investors. The majority of whom are buying en masse, including both retail and whales. While this is very bullish on-chain, fundamentally, and historically--will the rise of precious metals like Gold, Silver, and Nickel still manage to stunt Bitcoin's upward price action in the short term?
Are you buying or waiting it out?
Case of cough bear DAXThe year 2022 has started with macroeconomic anxiety and clamor around monetary policy talking points, while stock markets have been wreaked by volatility. Whether this turns out to be a well-deserved respite for the broader bull run or a long-drawn slide to infamy remains to be seen.
In any eventuality, TA should help to draw a game plan and aid us to grasp opportunities even if headwinds prevail.
The above chart depicts a hypothesis for DAX performance index using harmonic patterns:
A standard retracement from January 2022 top works out to a key turning point at level 14500. However, the structure would not be invalidated until the barrier fails at level 13800. Meeting that criteria, a relief rally would ensue until 15800, fulling the pattern. It should be noted that the definition of the pattern still implies a bearish outcome. Timeframe for the action to play out is between Feb and mid-May or early June 2022.
In regards to crypto markets; some enthusiasts could argue stock comparisons to be irrelevant or unfit. However, inferring from how the market is developing from here on out the gyrations between asset classes may become more cohesive when institutional involvement and their active participation increase.
Sell Offs Over? Here's a Idea on ADA.So from what I am looking at on the 1hour time frame and the 15 minute time frame is that we have seen the bottom twice which is at around $1.05 and it bounced off that level twice now. I do strongly believe we double bottomed and bounced off the strong $1.05 support level and are now beginning to start to form a new Uptrend and head back up to rechallenge our ATH. I DO NOT BELIEVE THIS IS THE BEAR MARKET!! I only think this is a bearish trend / cycle (**Inside of a bigger bull trend**) and that after that 2nd bounce we have firmly held our support level of $1.05 and can now start moving back up. As far as how long this move takes I can't give you a estimated time frame. But I can tell you a 100% fact is that you can't get huge gains in crypto without seeing some major profit taking. This is why I can't stress enough to newer investors to only invest BIG MONEY in projects that are fundamentally strong and have a solid foundation built underneath of there large fomo driven communities. So hopefully all of you that have been following my TradingView held on to there panties during this pretty much normal behavior profit taking and are now ready to get back on with the bull run. Now I can say for sure 100% without the shadow of a doubt that this bull market will eventually end but do I think it is now? Absolutely not and for multiple reasons at that. We have more money flowing into crypto markets then ever before. We have wealthy banks, Institutional Money & even Governments getting involved in the crypto space. United States has not shown any type of behavior leaning towards any type of bans only regulation which is to be expected when you're dealing with trillions of dollars and you keep seeing "Rug pulls" in the Coindesk breaking news headlines pretty much on the regular with platforms like Ethereum not keeping there platforms projects clean for the space which leads me into my next belief that Cardano will be King one day. The way Charles Hoskinson communicates with the community and how he doesn't play favorites or shill certain projects tells me 100% without any doubts that its all fair game and that is what makes successful communities. You can have the best technology in the world but if you don't have a community willing to develop on you're platform then you're not going to get anywhere. Cardano 2021 , 2022, 2023, 2025 are going to be some INSANE times so just hold onto you're panties Boys & Girls and make sure you HDLE, Buy, Sell, Repeat because I can feel it in my bones #Cardano is taking us to the promise land!!
This is not Financial Advice only my opinion using trading strategies & tools that I know in order to predict a analysis of my own. If you are new to the space then I suggest DYOR, Learn TA & NEVER TRADE LEVERAGE!!
As always,
Happy Trading Traders, Drop a Like, A Follow if you liked it & NEVER TRADE LEVERAGE!!
INDUSIND BANK : IS CHART KO KYA NAAM DU...INDUSIND BANK IS ONE THE STOCK WHICH CANNOT BE IGNORED BY NEITHER TRADER NOR INVESTORS....
EXCELLENT ALL CHARTS ( 15 MINS , 30 MINS , HOURLY , DAILY ) BUT BUT BUT
WEEKLY CORRECTION EXPECTED TO COMPLTE SOON WHICH WAS GOING FROM LAST ALMOST 3 YEARS...
IT WILL EXPCTED TO BREAKOUT VERY WILDLY IN NEXT TWO MONTHS....AND CAN GO 1300 RUPPES VERY SOON
BUT LOMGTERM TARGET WILL BE 3500 IN NEXT 18 MONTHS
Euro looming and as noted before, Eur/Jpy appears...Euro looming and as noted before, Eur/Jpy appears poised to test the next half round number above rather than retreating to 130.00, and the Yen hardly got any chance to draw encouragement from better than expected Japanese retail sales and unemployment data overnight or remarks from BoJ Governor Kuroda who is seeing signs of the domestic and global economies bottoming out as a result.
EUR / JPY Long-Term Analysis for end of 2021Hello Traders,
It seems we have to keep follows 6 different types of price in the 2021 year.
The first thing you should remember the chart is showing the last 6 years' cumulative average of the changes.
For the next 6 months,
1 - 126,031 is the first TP1 position.
2 - 123,074 is the second TP2 position.
3 - 120,912 is the third TP3 position.
So when we trying to understand what I saw the trends :
The critic prices are between 128,202 - 120,932.
The price should move between them until break one of them we can understand the great trend is has been beginning.
The great trend will be Uptrend if the price breaks 128,202 or Downtrend if the price breaks 120,932.
When the price is the break of the 128,202 we have three different levels for the take profit following months.
1 - 129,293
2 - 131,835
3 - 134,005
The price would be between 134,005 and 136,049 we have to be careful, the downtrend has been shown us up itself any seconds.
This chart prepared for the whole year that's why you should be careful to make any decision. I just want to make an investment for a year.
** It is not Financial Advise.
BTC Correction Isn't Finished YetI reviewed bigger time frame on BTCUSD and it kinda looks to me that this is one of possible scenarios. I tried to count carefully all the waves and their respective subwaves on small time frames and this Elliot Waves count should be valid according to EW rules. On this picture I've drawn only major waves so it is no so chaotic. The Idea is that BTC finished Wave 3 in 2017 (~20k) and now still needs to complete Wave 4 which could be this big Flat - completion would mean drop to area around 4k. This is not a trade setup it is more of an idea for thought. I would love to hear some opinions from Elliot Waves experts.
Bitcoin Plays Like a Beautiful MelodyErr herrm.
I hate to boast, but you would too if you were this good. I hate to say it but Bitcoin is somewhat predictable.
How I wish I wasn't in slumberland while it played out its beautiful melody. I would have loved to savour every moment of its graceful descent.
If you are not already following me, then you would have missed out on my on-point analysis of its descending triangle trajectory. Well done if you are and if you took the time to read my ideas thoroughly and managed to find the link to that idea. Kudos to you if you took my advice.
Bitcoin played right into the devil's lair and hit the mark spot on as predicted on the private chart I published for Purple Crypto Premium (above).
It broke easily through the base of the triangle, shot right down into the price range surrounding the end of sub wave 4 of this super cycle and is now hanging around the 0.5 fibb (8500 for BTC/USD and 8578 for BTC/USDT), exactly as predicted.
Papa Bear lets out a big growl. "Enough already", he says, crashing while testing the 1/2 trajectory on the Gann fan, then retreating back to safe haven. The ease with which it broke the triangle through to a previous fair value should open eyes, if it hasn't already.
But is it over? I don't believe it is just yet.
Where to from here? My analysis on Papa Bear Heading Down is still in play. For it to be able to start sub wave 4 of this super cycle, it needs to head back down to said levels in that analysis. It will (should) return to 7800 (USDT) at the least. Whether that happens gradually or not, only Big Brother knows. If I am to guess his desire to maintain a 1/1 Gann trajectory, it would be the former.
The most positive thing you can take out of this is to learn who not to follow. That's right...all the amateurs who said the triangle would break up.
Stay tuned...
(PAPA BEAR'S FUTURE PROJECTION applies in its ensuing A-B-C corrective wave)