BITCOIN Comprehensive Technical AnalysisHello everyone.
First of all I should say happy new year (Nowrooz) to all iranian people around
the world specially iranian traders community.
Im going to explain how will BTC behave in coming months according to
Elliot wave principles.
As you know wave analysis act better in higher timeframes like Weekly.
So I want to take a look at BTC price action from Nov 2022 that new Elliot Motive wave starts.
You can see the end of wave 3 of a 5 wave move in picture below:
so we are now in the end of a wave 3 in 161.8% fibonacci projection level from the end of wave 2.
furthermore we will have price correction as wave 4.
this wave 4 can be end in 57000 level that is a strong support level and most Fibo retracement levels compress here.
there are a lot of reasons that we will have a bullrun in coming months :
The most important one is Bitcoin Halving and the second one is inflows from approved ETFs
and last one is expected Federal rate cuts.
In chart below you see the overlay levels of Fibo that price will target soon.
Overall in my opinion after a correction to 57000 level as wave 4 , price will go forward to 3 targets ahead as wave 5 (100% level of wave 1) : 85000 , 100000 and 115000.
the most probable target level is 115000 (100% Fibo projection of wave 1)
after that price will correct till the range of wave 4 means 57000 again.
this level (I mean 57000 to 60000) will convert to a strong support level after the price correction.
Hope you like this opinion.
you should make decision on your own opinion but I will be happy if you share your views in comments with me.
Thank you for reading this analysis.
Have good trades
Longtermanalysis
#KIRLPNU just Broken All Time High With Good Fundamentals
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 20.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 31.6%
Business Highlights
Order Board as on 1st April 2024 of Rs. 1,475 Cr., 28% more than last year.
FY 24 Operating Revenue @ Rs. 1,323 Cr.
24% Y-O-Y growth in PBT
Setting up of forging facility at Nashik as a part of vertical integration.
Launched new products —
Tezcatlipoca - a Centrifugal compressor
Atmos Aria - a off shelf screw compressor
Jarilo-A Bio - gas Compressor
BTC 2024 BULL RUN SPECULATIONI am expecting something like this to play out (ceteris paribus). Pure speculation however the data is based on previous cycles. Expected blow off top between $140 - $160k with a potential bear market bottom in late 2025 at between approx. $30 - $40k. Further accumulated between the range then ready for a next cycle in 2027-28
Long term *reliable* Fibonacci levels - lose or rally up? The Fibonacci levels are projected based on weekly price move of BYBIT:BTCUSDC.P from August 2020 till January 2021 .
For reliance discovery please follow yellow arrows. These significant price reaction are happened after revealing the levels. This shows these Fibo levels are highly reliable and has proved it can project the resistance and support levels with higher trust and accuracy. But still it is projection and anytime can be expired.
We are now over an important level of ~48900, obviously we have 2 scenarios for next ~2 weeks;
1) remain
2) lose
Right now there are still 6 days until weekly close, I would expect it closes under this level in upcoming 2 weeks. Unless, we will ride up till ~55500 level. Based on market behaviors it would be logical and stronger to range between 38221 and 48900 for sometime and then rally up.
What is your opinion?
OKTA: Confident Growth Amid Decreasing Short InterestOkta, Inc. (NASDAQ:OKTA) , a leading provider of cloud identity and access management services, attracts investors' attention with its potential for sustainable growth and a noticeable decrease in short interest volume. The reduction in short interest is a positive signal, indicating a decrease in pessimism among investors regarding the company's future prospects, which could be a harbinger of an increase in stock value.
Okta continues to demonstrate strong results, thanks to its innovative platform that provides secure and convenient access to applications and services for organizations of various sizes. In a context of growing demand for cybersecurity and identity management solutions, Okta strengthens its market position by expanding its product portfolio and entering new segments.
The decrease in short interest volume may indicate that investors are becoming more confident in the company's ability to overcome current challenges and realize its growth potential. It may also suggest anticipation of positive news or improvement in financial results, which could push the stock price up.
Additionally, Okta invests in expanding its global infrastructure and developing technological innovations, allowing the company to maintain a high level of competitiveness and meet changing market demands. These strategic initiatives, combined with improved market perception as reflected in the decrease in short interest, create a solid foundation for long-term growth in stock value.
For investors looking for opportunities in the technology sector with sustainable growth potential, OKTA shares represent an attractive option. The decrease in short interest, coupled with strong operational indicators and a strategic focus on innovations and expansion, offers positive prospects for long-term investors.
Risk for Correction as Earnings Season EndsChecking the Monthly DPO chart of NASDAQ:NDX , it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these.
Corrections are necessary for a long-term uptrend to sustain.
Notice that there is more room to move up to the previous cycle peak of 2021. This new cycle peak can go higher as corporations continue to increase their revenues and earnings this year.
Also note that the extreme angle of ascent of the trend in 1998-2000 is far more severe than what has formed so far in this new bull market.
SPELS Semiconductor about to "Spell-Out" MagicSPELS Semiconductor is one of the first stock in India venturing into the Semi-Conductor space and with the recent push for Make-in-India scheme and the Growing demand of Semi-Conductor worldwide + the Anti-China policy (China+1) adopted by many countries, India has become a Favourite Hotspot for Semi-conductor manufacturing
Let's look at the Technicals of SPELS:
Getting ready to Blast. 3 Amazing Bullish Structures
1. Monthly - Large C&H - BO above 105 WCB for target of 200++ (2x opportunity)
2. Weekly - Inv H&S - BO already done target 99
3. Daily - Flag Pole BO - Happening - buy above 80 WCB for Target of 102
Each lower timeframe BO will take to the next Higher Timeframe BO zone. Multibagger pick. already 40% up from our Recommended Levels
Disclaimer:
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Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
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USDJPY Close To Breaking Below Yearly TrendlineHi Traders!
2023 was a bullish year overall for the USDJPY, though it has just fallen short in the end as the market attempted but failed to break through the record high apex level at 151.946. The market is now on the verge of breaking below the yearly trendline.
Here are the details:
After failing to break through the record high of 151.946 last month, the market has rapidly declined to break below the 20 EMA and is now trading near the 140 handle. The bears are now looking to push the market to break below the trendline, and if we get this, there is a big target level at 137.915.
Preferred Direction: Sell
Entry Level: 142.550
Stop Level: 145.020
Target Level: 137.915
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
DOGE ANALYSIS🔮 #DOGE Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Descending Triangle Pattern in #DOGE and #DOGE sustains the bullish momentum after the breakout. It's a weekly breakout and we can see more higher price in long-term. 📈📈
💸Current Price -- $0.07839
📈Target Price -- $0.14730
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#DOGE #Cryptocurrency #Breakout #DYOR
What IBKR has in common with SPX? NOTHINGThis is abstract delusional thinking so don't pay attention i have made it just for fun purposes:
1)Burn all the shorts till EoY no pullback
2)Get longs in the first 2 weeks of the New Year
3)Burn all the longs till March Opex
4)Attract more shorts + create room for markets to run till Elections (societal euphoria adding fuel to the current party to win, historical behavior in an election year is in favor of longs)
5)No crazy ATH some prophets are claiming like 5700 or 6000! just enough to create momentum and then zombie mode up and down for the rest of the decade burning longs and shorts index remains at the same levels and passive investing is destroyed (take into account inflation more than +50% at the end of the Decade)
6)My range for 2023-203sh.. 5200-3200
7)2024 winners : small caps and China
8)constant rotation no new money to participate in the markets yet... we have printed too much!!! markets IMHO need to correct mostly in terms of time
9)active management will be the big winner of the decade and brokers' commissions %
10)have fun nobody knows what the market will do but you can control your money and risk management
The last oneFirst, this stock is a total disaster for every retail holder, including myself. Secondly, this stock is unpredictable since as it seems to my eyes VCs control the game and can do whatever they want... burn it to 0, sell it for $5,$10,$20 etc... or raise capital and dilute. Here are some points to consider though:
1. Descending Broadening Wedge Pattern target $59 +-$1 more on the pattern here ()
2. Inverse Head and Shoulder Pattern target $59 +-$1 more on the pattern here (www.tradingview.com)
3. 0.236% Fib Retracement since gap down after wsb pump 2021 at $58.55
4. Russel Rebalancing prior to ex-CEO + founder removal at $58.50
5. Citron last tweet mentioning wish worth $50? (do not take into account this one but just for the sake of the conversation)
Some things in favor of an upward move:
1)FED pause = peak rates = expecting cuts heading into 2024 and beyond
2)Inflation for now is behind us and might be heading to deflation
3)Small caps momentum (wish will get inflows from funds following Russell3000)
4)10y% down = risk on
5)Oil down = more disposable income = increase discretionary spending
6)Heading into US elections, historically a positive year for markets
7)What about China's comeback into the 2024 year of the Dragon?
8)DXY down positively correlated to US stocks going up
Wish turnaround checklist
1)Bad Merchants cleared and quality improved ✓
2)NPS improved (flat rate shipping, faster shipping, lower refund rates, better quality products,more pick up points,better customer support)✓
3)Operational Excellence (fired 2/3, hiring lower cost employees in China) ✓
4)App improved ✓
5)New Website (pending...)
6)New merchant commission structure coming into 2024 ✓
$59 = $1357m valuation
Expected Sales 2024 = 200m... I think the bar here is very low but since they control Ad spending which is highly correlated with revenue the sales number is not that predictable ( i can't be in their head on what they are planning to do)
Cash on hand 445m as of Q3 and going to burn another 50-60m on Q4 so cash at the end of the year should be standing at 385m
2024 cash burn should be 40m less than the previous year due to layoffs so 10m/Q less. If sales number is 200 as projected meaning -30% than 2023 then i would expect total cash burn to be -30% as well = 25-35m / Q leaving wish with approximately 250m +-20 at the end of 2024. But those are all assumption in my head but the big picture says wish 2024 EoY cash to be standing above 200m! which means they will have to take a decision on what they are gonna do in 2025
1)sell it
2)raise money dilution
And something to consider about the Forest not the Tree! Temu success is a proof that wish got the idea right from the beginning but bad management execution failed this company! For me that means that wish business model = mobile low cost e-commerce targeting West shifting downward middle class + Rest of the world shifting upward class(formation of new middle class) is right BUT what can happen to this stock i do not know anymore. All i can do is wait...
Gold achieved impressive gains, the market was hotDear friends, the market seems to be showing an impressive price increase, as it continues to rise relentlessly for the past three months, mostly due to escalating tensions in the Middle East. The toned-down rhetoric from officials at the Federal Reserve has limited global USD supply, making gold hotter than ever.
At the time of writing, the gold market has temporarily halted trading, facing a close on Friday while still testing crucial resistance levels at its highest point since July 1987. Breaking decisively above would confirm that the weeks-long downward pressure has been slowly diminishing. Such a breakthrough would ensure a reevaluation of bearish prospects. Furthermore, surpassing the May 2072 peak is shifting midterm prospects towards an upward trend. My current target is to aim for the two highest resistance levels at $2071. With another test looming as the 1M timeframe trend remains stable.
What about you? Do you agree with my viewpoint?
ADAUSDT looking bullish long-termADAUSDT is looking oversold on the weekly chart, with the FSVZO indicator signaling a bullish divergence, Trend Intensity Exhaustion signaling a long entry, Amazing Oscillator on the verge of turning bullish, and the crypto seasonality being Uptober, it is safe to say that the probabilities of ADAUSDT rising over the next few weeks is highly likely
GBP/USD Long Term (HTF) Setup and Trade Plan + short term playsTime Frame:
- Weekly & Daily for analysis
- 4 Hour for execution
Trend: Currently in a LTF uptrend (pullback) within a HTF downtrend
- Weekly = Down
- Daily = Up
My hypothesis for this pair (orange price prediction) is for this daily pullback to continue in order to sweep further liquidity from the larger (green) trend that had been in control since mid-2021 with 4 strong resistance touches. This more recent blue trend line that defended price and brought us out of the green trend is still in control with it’s third support touch.
I expect price to mitigate former supply zones in the range of 1.35 to 1.375 and using that liquidity to make a large move downward toward a strong unmitigated demand zone at 1.14 and ultimately to a prior large liquidity grab at 1.03.
This is a longer term trade however there will be shorter term opportunities within that I plan to take such as:
Short term downside: I will highlight this trade opportunity in a different post – there is a strong head and shoulders pattern forming on the daily chart and this could give us the necessary liquidity to break out of this blue trend line – at least toward the most recent unmitigated demand zone at 1.244. (Red price prediction)
Short term upside: If the H&S does not follow through and is invalidated by a sharp move upward, I will take a long position toward the most recent Higher High expecting either a bounce off strong resistance or bullish momentum toward our ultimate HTF supply zone
Thank everyone who views this and takes any benefit from it. I am on a journey to becoming the best 4Xtrader I can become and love to bring my fellow traders along for the ride.
As always, feel free to like, comment, and message with any questions, comments, feedback, concerns, or GOOD VIBES!
Happy Trading!
FourXTrader
$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix.
DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern.
Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years.
NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.
Simson Cartoon Prediction About BitcoinBINANCE:BTCUSDT
Hi , Trader's .. Most you Aware about simson's Cartoon Prediction About Cryptocoin's
Simson series already predicted About world War's , Pandemic like Covid , World economy
USA presidential election and much more , most of prediction's came true
simson also predict about future of cryptocurrency many year's back
in there prediction they told world about digital currency , blockchain system and much more
they predicted that in 2025 bitcoin will reach 100k$
if we study the bitcoin Trading cycle , bitcoin is on major resistance line of monthly resistance
After breakout from this level bitcoin can again become bullish and it will have big area to play with
After every two year's of downfall bitcoin price surge minimum 4x
So according to this theory Price of btc now at 27000$ , so 4x would be approx 100k$
Conclusion : Prediction's are based on speculation's , nothing is 100% true , For better understandng alway's do technical and fundamental analysis both , Do trade with proper risk management
❤️ Please, support my work with follow ,share and like, thank you! ❤️
EURAUD Investment Plan - 4/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go Down.
I am still looking for additional confirmation to be sure about this down move, however, one can obviously take the trade if their strategy allows.
The objective of this idea is to share that the Long term SELL is probably gonna be coming next for this pair.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
DXY Investment Plan - 1/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AUDCAD Investment Plan - 30/Dec/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Silver Investment Plan - 20/Dec/2022Hello Traders,
Hope you all are doing good!!
I expect SILVER to go Down after finishing the current wave.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea