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Lowerhigh

#BTC: IS THE DOWNTREND ENDS HERE??Hey everyone! Appreciate a like and follow if this analysis helps! Welcome to this BTC update. BTC is trading inside a broadening wedge pattern in the daily time frame and currently hovering near the lower trendline of the wedge. Every time the price tested the lower trendline, it formed a new lower low but, the first time, it made a Lower high, hinting at a possible shift in momentum. This could signal the end of the downtrend and the beginning of a new uptrend. A potential bullish outcome includes a new all-time high by the end of the year. Invalidation: Daily close below the previous lower low. What are your thoughts on BTC's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
Is APPL priced to perfection? NASDAQ:AAPL It's really starting to feel like AAPL is getting ahead of itself here. Sure, their recent earnings report looked decent, but I think some big takeaways are the decrease in China sales and decrease in iPhone sales. Sure, their services revenue will continue to increase and their buyback props up the stock, but there has been no true innovation in this company. False hopes of an Apple car, now an overpriced VR headset, and iOS that will incorporate other companies' LLMs? Everyone is talking about the next upgrade cycle like it's going to change the outlook of the company. Yeah, Siri might improve, but there won't be any drastic impact on productivity with this first iteration. With all that said, it looks as though the stock is starting to settle down. Recent reports of Warren Buffett halving his stake in AAPL will likely translate to further downward pressure on this stock. AAPL has recently broken below the 20-day MA, retested, but failed to break back above. Now it is sitting between the 20 and 50-day MA. If it breaks below its 50-day MA, it will likely retest previous ATH support. My plan is to buy puts in the short term and hope for a pulldown towards $198.
NASDAQ:AAPLShort
by Average_Joe_Options
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. **Rationale:** ~ Breakout of channel ~ Retest of resistance level ~ Resistance and 38.2% Fib retracement convergence ~ Rejection candlestick patterns forming ~ Possible lower high forming **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview: CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal. 📊 Technical Analysis: Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish. 📈 Market Sentiment: At 90% short sentiment, substantial support for the expected bearish reversal is evident. 📉 Trade Strategy: Consider short positions, aligning with the bearish signals, and anticipate further downward movement. 🛑 Risk Management: Mitigate risks with effective stop-loss orders to safeguard capital. 📈 Conclusion: CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
Short
by miansarimhameed
AUDUSD: Bullish Divergence Signals Long Opportunity📉 Overview: AUDUSD, post-downtrend, exhibits a bullish divergence, hinting at a potential reversal. With a strong 90% long market sentiment, the analysis suggests a long trade upon the break of the last lower high (LH). 📈 Technical Analysis: Bullish divergence after the downtrend provides a promising signal for a potential upward move. 📊 Market Sentiment: With 90% long sentiment, there is substantial support for the expected bullish reversal. 📉 Trade Strategy: Consider entering after the break of the last LH, aligning with the bullish divergence and overall market sentiment. 🛑 Risk Management: Implement risk management measures, including setting stop-loss orders, to mitigate potential losses. 📈 Conclusion: AUDUSD offers a favorable long trade opportunity, supported by a bullish divergence and strong market sentiment. Monitor for the break of the last LH and adapt positions accordingly.
Long
by miansarimhameed
bearish retest of top rangeThings are moving fast. Too fast. The last time things moved this fast was before a big blowout. Looking to get in to a 1x short over the next weeks depending on how chart looks. Maybe we see a wick up on the next monthly candle and then retrace? Good luck everyone, good luck to the people who are buying this to hold for longer. It's not back sorry this is not how bull markets start or are being made, .. this is the first lower high and everyone who is still holding this ponzi or still desperate enough to trade this day by day and follow altponzis gets exited. If youre in a rush to make money youre in a rush to lose money. patient.
BITSTAMP:BTCUSDShort
by ellyn2121
Lower High, and probably a Lower Low.The market is showing signs of weakening. After the previous high didn't take out the highest high it made on January 22, the momentum started to weaken. The volume is going through a bearish cycle and the VIX is starting to show signs of waking up. The interest rates haven't receded and there are signs of an economy slowdown with upticks in the unemployment and the reduction of the inflation. The oil market went high, but along with oil production cuts, which means the oil cartels are trying to keep the prices high not by increasing demand, but by reducing supply. This means the economy is reaching the point where more oil is not needed, it's peaking its recovery cycle. All these ingredients signal we're reaching a level where the overall economy has peaked. It must slow down to allow the inflation to go down, and the so called soft landing would mean the unemployment would not be harsh while the Fed reaches its economic goals. However that is not a guarantee, let's remember we went through a flood of cash after the pandemic, which was what triggered the worst inflation in decades. Previous bubbles have been because of different reasons, too much debt to enter the raising market, too much interest in tulips, too much promissory e-commerce, the real estate bubble, ... and the story repeats itself, just with different actors. I would call this one the cash bubble, and it is far from over. Let's remember the printed bills are endorsed by faith, by the believe that they are worth something and the fact that the only one who can legally print them is the government. But they're worthless by themselves. They are not Money, they are tokens that represent money, the money is produced after the productivity of the economy, how many people are in the workforce, how productive the companies are, how efficient the distribution networks are, and the fact that there are transactions going on in the economy, but if there are more tokens (printed bills) than economic activity their value is reduced, and prices are higher (inflation), until the economy catches up with the amount of currency in the market. My forecast here is that if the Federal Reserve senses a slowdown in inflation, then they will start pivoting the interest rates, at which point they will keep them like that for a while to see how the overall economy reacts, trying to curve the inflation, while keeping the economy moving, until it reaches levels that show signs of stalling, like higher unemployment and reduction of GDP. A reduction of interest rates will start to make the institutional capitals to exit the market to bet on a big bearish market, and while the media will be ignoring these signs, the institutions will be dumping assets until it's so evident that the market panics. Once the market has been slaughtered, while a lot of chickens run headless on the street, and there are signs of capitulation, it'll be when the big institution will start accumulating assets at a discount and with a lower interest rate, just like it has always happened before, and the cycle will repeat. This time, pretty much like the way it happened on 2009 and 2020, with a large amount of cash to be allocated in financial assets. "Patterns repeat because human nature hasn't changed for thousands of years." ~ Jesse Livermore. “The investor who says, 'This time is different,' when in fact it's virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.” ~ John Templeton. "Buy when there's blood in the streets, even if the blood is your own." ~Baron Rothschild.
AMEX:SPYShort
by Madrid