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Xau/Usd (Gold)Hello traders! The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level 1992.0 without breaking the line to go to the level of 1941.00. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSD
by THP-Forex-Academy
2
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Another month has passed and a lot of things have happened. Time for another Crypto Fiesta! 🎉 Short-term view Bitcoin is still looking like it wants to go up, but we have to acknowledge the inability of BTC to break through the 38.000$ resistance area. Most likely is that the daily/weekly RSI wants to cool down a little bit before the next leg up. On the other hand, the bullish channel is still intact. As long as we're above the channel's support, no worries for the bulls. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
119
🔥 TRB First Oversold Bounce In 2 MonthsTRB has been one of the biggest winners of the last two months, doing a 14x whilst most other crypto's only did a 2x-3x. It was a matter of time before TRB corrected. Patient bulls like myself have been waiting for this opportunity. Since TRB hit oversold levels on the 4H chart for the first time since late September, this might be the perfect time for bulls to step in for a swing-trade position. Stop below the recent swing-low, target at 230$.
Long
by FieryTrading
12
🔥 Altcoin's Highest Value Since Summer 2022: Mini Altseason!The total marketcap of altcoins, TOTAL3, has reached the highest value since August of 2022. In my view, this clear breakout marks the end of the bear-market accumulation phase and is the start of the next bull-cycle. Like mentioned in my other analyses, the fact that the lows are in doesn't mean we will go up in a straight line. Most likely it's going to be a bumpy road towards the summer of next year, with the 'real' bull-market starting and the end of 2024 or start of 2025. For now, I think that alts will see more growth. The yellow resistance is the most logical area in the short-term. Over the next few months, the blue resistance should be possible. Keep in mind that BTC has to trade relatively stable during this time. With the Bitcoin dominance (above) in a clearly bullish trend, it's likely that alts will underperform BTC on average. Once BTC.D breaks down through the yellow line we can experience a 'mini altseason' where alts will outperform.
CRYPTOCAP:TOTAL3Long
by FieryTrading
9
🔥 Bitcoin: The Best Next Cycle's Top Forecast 🎯Foreword In this analysis I want to make an attempt at forecasting both the date and the price range at which Bitcoin will top at in the coming bull-cycle. The forecast is 100% based on historical data and is based on math and not on feelings, so be prepared to see some numbers and formulas. This analysis is speculative in nature because we're forecasting the price of an asset around 2 years into the future. So take it with a grain of salt. Halvings The yellow dotted lines are past and future halving dates. For the last two halvings, Bitcoin has topped (green) between 74 - 78 weeks after the halving. The next halving is scheduled around 22 April 2024. Bottoms The red dotted lines are past bear-market bottoms. For the last two cycles Bitcoin topped 151 and 152 weeks after the bear-market bottom. Monthly RSI Based on this analysis BTC will top between 47-49 months after the top. In short: between September and November 2025. Forecasting the DATE Applying the logic of the two historical analyses above, we can make the assumption that BTC will top around 152 weeks after the market bottom. Assuming that the bottom is in, this brings us to early November 2025. This would be 79 weeks after the 2024 halving. Looking at the time between the halving to the top, this ranges from 74-78 weeks. All of the above is in line with my Monthly RSI analysis. Combining everything above, we can forecast that Bitcoin will top between late September and early November 2025. Log Price Bands In order to calculate the price we make use of my Logarithmic Price Bands Indicator. I've removed the bottom two bands since we're only interested in the top band, which forecasts the top. The top band is based on a complicated exponential formula that gives a certain Price (Y) for a certain time (X). See this indicator for more info. Forecasting the PRICE By filling in the dates of late September 2025 and early November 2025 into the Log Bands formula, we get a lower and an upper band of the price. This price ranges from 171k - 250k. This is the best forecast that historical price action can give you, although we had to make the assumption that the coming cycle will follow a similar path as the previous two, which is not far-fetched since the asset has matured more. Conclusion Date: late September - early November 2025 Price: 170.000 - 251.000 The macro environment has changed a lot over the last two years, so I'd be happily surprised if this forecast turned out to be true. Personally I'm more conservative than this analysis suggests because of interest / inflation / recession. Still, this analysis is 100% based on historical facts and the best factually correct forecast I can give at a next cycle's top. Please share your thoughts on this analysis. Also interested to hear your predictions! 🙏
INDEX:BTCUSDLong
by FieryTrading
44
Eur/UsdHello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy
Xau/UsdHello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1975.00). If the price manages to break the level (1975.00), then we will have a buy movement at the levels (1988.00); (1995.00) ; (2002.00). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSDLong
by THP-Forex-Academy
🔥 Bitcoin's Secret Pattern: Guess What Will Happen! Bitcoin's long-term price action is following many patterns, one of them is seen on the Monthly RSI. As seen on the chart, the monthly RSI is following a very clear channel in which is oscillates. Bitcoin tops at the top of the channel and Bitcoin bottoms at the bottom of the channel. Trading this pattern has resulted in traders buying the general bottom and the general top. Since the monthly RSI bottomed in December 2021, it has been steadily moving up. What will happen next you might think? I think that the RSI will likely continue to move up. This doesn't mean that BTC will rise in a straight line like the 2015-2017 bull-market, but the long-term trend has been established. When solely looking at this chart, we can also make a speculation on the time where BTC will top. Seeing that the previous bull-market top to bull-market top took 49 and 47 months, we can speculate (based on this analysis alone) that Bitcoin will see a market top somewhere between October 1st and December 31st 2025. Agree with this analysis? Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
39
Pennant - GJHere I have GBP/JPY on the 1Hr Chart in what looks to be a Pennant Pattern!! We've had 2 tests of the Falling Resistance and 2 tests of the Rising Support! There is still room for price to play in the "Pinch Point". As of now I have a Bullish Bias on this idea because price was in a Uptrend prior to entering this pattern! Along with GBP showing strength across the board! -BUT- GBP is heavy with news this week so if news is bad, there is potential for a Bearish Break! Fundamentally: GBP -> Claimant Count Chance (Tue), CPI (Wed) and Retail Sales (Fri) JPY -> "Clear News Week" **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Long
by Novi_Fibonacci
Head & Shoulders - BinanceHere I have BNBUSD on the 1hr Chart showing what looks to be a completed Head and Shoulders pattern!! With price having tested the "Neckline" three times after completion of both Shoulders and the Head! I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!! **Chart Patterns are known to fail 1/3 of the times so BEWARE OF FALSE BREAKS!! -Pattern Prediction- *If price Breaks and Closes above 255.1, pattern INVALIDATED! *If price Breaks and Closes below 244.7, price action will initiate my Trade Action Plan!
BINANCE:BNBUSDShort
by Novi_Fibonacci
🔥 Bitcoin Break Out: Second Try!In my most recent BTC analysis I wrote about the pending break out of this bullish channel. Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction. Most alts corrected around 20% at the lows, which is healthy correction after this kind of run-up. My short-term view is still bullish. Bitcoin is likely to break out through this channel in the near future. This time, on lower leverage with a more "natural" move instead of a big spike. Exciting times for crypto.
Long
by FieryTrading
8
🔥 The Last Hurdle Before The Bull-Market: EthereumLike most alts, ETH has been seeing very decent gains over the last few weeks. However, ETH has not yet broken out of the bear market range, which is well defined below the purple resistance area. This resistance area ranges from $2000-$2150. If ETH does not manage to break through this resistance, we can't call the bear market over. On the contrary, if this resistance manages to hold there's a potential for the entire crypto market to fall. Since the market has shown exceptional strength lately, there's a potential that ETH will break through this resistance. If it does, there's little holding back crypto from starting a new long-term bullish trend. Keep your eyes focused on this range, since it might prove to be an important one in the near future.
Long
by FieryTrading
3
History Rhymes 📖🎶Today, I want to share an interesting pattern that BTC has been respecting lately. 1️⃣ First, in June, after a bearish trend, BTC formed a falling correction /pause, and then we experienced a shift in momentum from bearish to bullish. 2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed. 3️⃣ In September, once again, BTC formed a falling correction and then traded higher. 🖊 We can clearly see that this pattern is playing out nicely on the BTC Daily chart. 4️⃣ If we apply the same logic to the current price action, BTC should be in a rising correction phase. For it to be confirmed, we need BTC to reject the upper green trendline again and then break below the last low in green at 33,000. In this case, we will be expecting a bearish trend to start, reaching around the lower orange trendline at 29,000. 🗒 What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
98
MAZDOCK Breakout ReadyMazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth & revenue to its shareholders. The company has a strong order book which gives it a fundamental boost to be a good pick for the long term. Coming to the charts, the stock has formed a triangle pattern that can give an aggressive breakout in the days to come. The daily RSI is trending around 50 which can give it a boost as its a sign that the momentum of the stock has not yet exhausted. The stock is also outperforming NIFTY which makes it a favorable pick.
NSE:MAZDOCKLong
by nikhilchhabra