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ETH - Wait For The Bears, then The Bulls📉📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been hovering with a range between $3000 and $3500. 📉 After breaking below the last major low at $3500, ETH has been bearish from a short-term perspective trading within the falling red channel. Moreover, the $3000 - $3100 is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. 📚 As per my trading style: As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
Bullish or Bearish...? Multi Time Frame Analysis Hey guys! Over the past 2 weeks, we have seen the EURUSD pair go deep down. The beautiful part is that it played out well according to our analysis and prediction. So let's try again. This time, we see this pair switch like a flipped coin from a long bearish to a steep bullish climb. Will this be the end of the bearishness, and are the Bulls to resume taking prices higher? Or is this just one of those usual bullish pullbacks within a larger timeframe Bearish swing? Watch this short Multi Time Frame Analysis to find out. Please share your thoughts on this pair's price movement. Dont forget to Boost and to share with other traders
Short
by PanzyPips
2
Nifty Short , Medium & Long Term View- 02-Apr-24 to 05-Apr-24Nifty Short, Medium & Long Term View- 02-Apr-24 to 05-Apr-24 Nifty closed at 22462 on 01-Apr-24 (22096 on 22-Mar-24) and touched low & high of 21893 & 22517 RSI and stochastics levels have improved last week (61% & 92% Respectively). Market was volatile in the month of March and in the end of the month started to increase. Market touched new high on 01-Apr-24 (22522). Refer to detailed comments in the bottom on market and election outcome. Nifty IT 35042 (35188) - Nifty IT marginally decreased. To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000. Nifty bank 47578 (46863) -To continue buy on dips. As expected Nifty Bank increased in the last 2 weeks. It is nearing the initial Target 48618 (All time high). support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Nifty 22462- Short & medium term (Neutral) Nifty moved up in the last week touched new high 22522. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 21900, 21721 (Mar Low) Medium term Support at 21554 (Fib Support),21300, 20877 Fib Support as shown in the chart.20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank in nearing the target provided (48600). Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
The USD/JPY pair rises to its highest levels since 1990The USD/JPY pair rises to its highest levels since 1990 The Japanese yen continued its losses during trading on Wednesday, with the USD/JPY pair falling to its lowest levels since July 1990, that is, in nearly 34 years, with the continued strong upward momentum of the American currency and the failure of the recent shifts in monetary policy at the Bank of Japan to give sufficient support to the yen. Japanese. The dollar/yen pair rose to the level of 151.975 yen during early trading in the session, which is the highest level recorded by the pair since the beginning of July 1990, after the Governor of the Bank of Japan, Kazuo Ueda, stated that the Bank of Japan will continue to maintain its current accommodative policy as long as necessary. To support economic growth. But the yen was then able to regain some ground and recovered a bit after Japan's Finance Minister, Shunichi Suzuki, came out with an immediate warning, calling for decisive action by the government, a phrase he last used in late 2022, before the Bank of Japan intervened in the forex market. To buy yen and sell dollars. Last week, the Bank of Japan raised interest rates for the first time in 17 years, but despite this, the Bank of Japan's tightening is expected to occur very gradually, which has reinforced the yen's losses, especially in light of growing expectations that the Federal Reserve may have to wait. longer before he could cut rates, which gave additional support to the dollar.
by Alexview009
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair. Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair. In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement. Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair. Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
by Alexview009
Nifty Short , Medium & Long Term View- 26-Mar-24 to 29-Mar-24Nifty Short , Medium & Long Term View- 26-Mar-24 to 29-Mar-24 Nifty closed at 22096 (22023) and touched low & high of 21710 & 22175 RSI and stochastics levels have improved last week (51% & 47% Respectively). Market closed almost flat last week Refer to detailed comments in the bottom on market and election outcome. Nifty IT 35188 (37517) -To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000. Nifty bank 46863 (46591) -To continue buy on dips. Nifty Bank last week dipped. initial Target 48618 ( all time high). if it cross this resistance decisively. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Nifty 22096- Short & medium term (Neutral) Nifty still in undecisive state at present and will be rangebound. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 21900, 21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Medium term Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Positive Lok Sabha Election result expectation, Global trend sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue post election without any additional support of other parties so that govt can be confident enough to take decisions. Election outcome analysis i have prepared is available in website in my profile and my X account karthik_ss Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
NASDAQ, expect a top to be built at 18kHello everyone, I've been watching NASDAQ closely as I expect to end an elliot wave count around the 18k area. If the level will be reached soon the chance for a correctional move is high, where we could anticipate in. To make it short, the psychological level of 18.000 will be very interesting, but there is also the channel trendline above, that should form strong resistance. I usually work with several positions, the cyan tringle area will be used for shorting. I will keep you updated about further actions.
CAPITALCOM:US100Short
by Kyrean
35
Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24 Nifty closed at 22023(22493) and touched low & high of 21905 & 22524 RSI and stochastics levels are same in this week (47% & 21% Respectively). Stochastics is in oversold zone. Market touched a new high last week Monday 22524. RBI issued warning on excessive rally on Mid & Small Cap to control liquidity. Hence Mid & Small Cap corrected last week. Market waiting for to take clear position (to go up or down). Market closed almost flat on first day of this week i.e 18-Mar-24. Nifty IT 37517 (37099) -To continue hold. Nifty IT touched new high of 38550 20 days before. Major support at 34918 /34000. Target can be 40000. Nifty bank 46591 (47853) -To continue buy on dips. Nifty Bank last week dipped. initial Target 48618 ( all time high). if it cross this resistance decisively. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Nifty Bank last week high was 47864 and dipped to low to 46316. Refer to detailed comments in the bottom. Nifty 22023- Short & medium term (Neutral) Nifty is undecisive state at present and will be rangebound. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 21900, 21554 (Fib Support),20877 Fib Support as shown in the chart. Medium term Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Positive Lok Sabha Election result expectation, Global trend sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View- 11-Mar-24 to 15-Mar-24Nifty Short , Medium & Long Term View- 11-Mar-24 to 15-Mar-24 Nifty closed at 22493(22378) and touched low & high of 22224 & 22522 RSI and stochastics levels are same in this week (65% & 96% Respectively). Stochastics is in overbought zone. Market touched a new high on last short trading session on Saturday to 22522, which crossed the Fib resistance and trend line resistance near to 22350. RBI issued warning on excessive rally on Mid & Small Cap to control liquidity. Hence extreme caution need to be applied. Nifty IT 37099 (37593 ) -To continue hold. Nifty IT touched new high of 38550 15 days before. Major support at 34918 /34000. Target can be 40000. Nifty bank 47853 (47297) -To continue buy on dips. Nifty Bank touched 48160 high last week and dipped. initial Target 48618 ( all time high). if it cross this resistance decisively. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22493- Short Term (Up) & medium term (Neutral) As mentioned in for the past two week, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 22116 (MA 21), 21554 (Fib Support ),20877 Fib Support as shown in the chart. Medium term Support at 20225 (prev high), 20000 ( Fib Resistance) Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip Target Fibonacci extended resistance is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty will move to next target 22819 (Fib Resistance)/22500. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Positive Lok Sabha Election result expectation, Global trend sustaining the market above 22000. Only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
👀 WATCHLIST: MONDAY 04MAR24WATCHLIST Here is my watchlist from yesterday: NYSE:ALLY NASDAQ:CGEM NASDAQ:KURA NASDAQ:LRMR NASDAQ:MGX NYSE:ML NASDAQ:TPG NASDAQ:WDFC MARKET GAUGE : 🔴RISK HIGH I am noticing a deterioration in the quality and the spread of the breakouts. I would conclude that the environmnet has actively changed to more difficult. In such environment, I trade less, often pick only top quality setups and tighten stops. I have already a good exposure to the market and I would look to have tight management of these stocks. This weeks announcement will be important on the short term sentiment of the market.
NASDAQ:WDFCLong
by TintinTrading
Bitcoin Anticipated Slight Dip To Follow, Eyes on Next SupportToday's Bitcoin market exhibits a minor decline, closely aligning with Gann's principle of market cyclicality and the MTOPS trading strategy's anticipation of fluctuating support levels. As the price edges down, investors and traders are advised to closely monitor the next critical support zone for potential rebounds or further dips. This movement provides a nuanced opportunity to strategize entries and exits, reinforcing the importance of adaptable trading strategies in volatile markets. Join the waiting list for the MTOPS AI, leveraging the MTOPS Strategy to navigate these shifts with precision.
BINANCE:BTCUSD.P
by Blayno_MTOPS
This Is The Crucial Formation Which Will Determine XRPs Outcome!Hello, Traders Investors And Community, welcome to this analysis about recent events, the current price-action and the huge massive formation ripple is developing which will show the outcome within a highly possible likelihood as a volatile market-move because this is the property that formation inheriting. As already mentioned in past analysis the cryptocurrency-space is sending a lot of differential signals in the individual currencies, while some look more bullish like ethereum there are some which looking more bearish than bullish like ethereum or bitcoin cash. This not only the factor of the sorting out in the inflationary market with over 1000 currencies similar to those mechanisms seen in the millennial stock-market crash in 2000 but also has technical issues, therefore we are looking at the daily perspective. As you can examine in my chart ripple is moving above an important support zone which is the level between 0.174 and 0.177 where it is consolidating now since more than 80 days which is unnatural in the cryptocurrency-space and such a long consolidation period will show a volatile breakout with increase pace the longer it is staying in such a period. What I also contemplated is the huge head and shoulder formation ripple is trading in and that will show the outcome with the activated target after it has confirmed. Right now this formation is still unconfirmed but it will happen when we either confirm the support and move higher above the 0.2 level or fall below the neckline which will cause bearish pressure to the downside. For now, this is a long-lasting consolidation and the volume was also the whole time at the same value, in this case, both scenarios are possible and can happen right now because of this the wisest thing in such an environment is to wait until the proper scenario has confirmed and placed the trade in the right direction otherwise it can lead to a bad trade in ripple and this should not happen for traders who want to make consistent profit in the market. Therefore ripple is definitely a coin to wait on the sideline for confirmation to enter, there are however other coins like ethereum which providing more clearer signals at the moment, these currencies should traders focus the attention on, it is similar to the stock-market which I already mentioned where stocks profiting out of the crisis and others showing bearish signs, we see such mechanisms showing up also more in crypto now with an expanding tempo. In this manner, thank you for watching support for more market insight and all the best! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
2
Ethereum, Clearer Outlook In The Market, Opportunities Arising!Hello, Traders Investors And Community, welcome to this update-analysis about recent events, the current price-formation, what we can expect further from ethereum and opportunities arising out of this environment. The cryptocurrency-space is sending many contrary signs at the moment where a lot of currencies looking rather weak and bearish than tradable on the long-side as bitcoin is still under solid resistance levels and in overbought conditions, the destiny of the cryptocurrency-markets is standing in the stars with a vast amount, therefore, we have to get a clearer picture and what are the possible opportunities at the moment. But there is one cryptocurrency which is showing some interesting signals at the moment which I detected that can lead to some good volatility sooner or later which is showing up in my chart and ethereums daily timeframe. Initial Analysis According Ethereums Market-Environment (Daily Timeframe): As we can examine now clearly is that ethereum confirmed above its support/resistance line which I pointed out in the past analysis this was an initial important step to become more bullish in the short-term which can indicate further bullishness on the middle term. As ethereum consolidates above the support-line this can lie the ground for a bullish breakout to the upside which will be confirmed when the pair crosses above the falling blue resistance line you can see in my chart. When this happens we can expect a higher high to form with a 75 % probability which will establish when the boundary crosses with good volatility to the upside, remember that this has to fulfill otherwise we can still confirm this boundary as resistance and either consolidate more in this range or fall back to bearish regions. Furthermore, ethereum trades above the 400- and 200-EMA which are marked in orange and blue in my chart which is a more bullish sign at the moment because it is trading above them, a more bearish signal would be when ethereum trades below them similar to the situation we have seen by march this year where the worldwide global economy corona-breakowns established and caused a high volatile bearish move to the downside. Alright, this setup can be traded in the smartest way with the confirmation above the lower boundary or with confirmation of, remember that before that does not happen there is still a possibility given that ethereum weakens and turns bearish therefore we need to keep patient and wait for the market to respond in the proper way that we can take advantage of the possible opportunities arising. In this manner, thank you for watching support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
8
Ethereum, Moving In Triangular-Shape, Confirming Until Breakout!Hello Traders Investors And Community, welcome to this analysis where we look at the recent events, the current price-structure, and what we can expect the next weeks and days on the weekly timeframe-basis within ethereum. Currently, the cryptocurrency market is sending a bunch of contradictory signals, as there are some which look rather bearish like litecoin or bitcoin cash there are some others like ethereum which have some good underlying support-structures in the base, this situation is playing into the theory that the cryptocurrency market is changing in a more fluid and unequal in amplitude market, it is not like the bull-market seen in 2017 where there was just everything going to ensure a stable trend with high volatility, therefore, it is important to estimate the different coins rightfully in order to profit from peculiar changes, therefore, we are looking at the weekly timeframe in ethereum. As you can examinate when looking at my chart is that ethereum currently trades in an overall consolidation which is formed below the upper boundary restriction formed by the highs of 2019 and 2020 you can watch marked in my chart with the blue line. Furthermore, we have the 100-EMA which is holding the consolidation currently to the upside, this EMA and the falling upper boundary are forming a coherent triangular-shape together which you see marked in my chart. Such a formation as I mentioned already in previous analysis can either break to the up or downside with a higher volatility the longer the trend stays in this triangular shape, at the moment we are still in the beginning within this shape in ethereum that means the consolidation here can go on some time before making a point and finally showing the proper breakout-direction. Bullish Confirmational Scenario (4-Day Timeframe): Bearish Confirmational Scenario (4-Day Timeframe): It is important to evaluate in this structure that we can trade the right breakout when the triangle already confirmed, this will either confirm in one of the two directions I show in my chart. Considering the bullish scenario a clear break with high volatility of the upper falling boundary will signal the confirmation of the bullish scenario and trade on the long-side can be entered after conservative after the upper boundary has confirmed be a touch of it or aggressive immediately after the breakout. Considering the bearish scenario a break of the 100-EMA to the downside with the right volatility can be traded on the short-side by an aggressive entry after this breakout has occurred or by a conservative entry, after ethereum provided a consolidation below that level and sets up to continue to the downside, traders should decide according to individual risk-preference and informational input. For now, it is important to keep patient and wait for what the market provides us, to have a clear picture we need to confirm our given scenario accordingly in order to profit from the opportunity arising, this is what traders should prefer in such an environment as the stock-market is sending bearish signals due to upcoming corona-fears similar to those seen in march this can also affect the cryptocurrency-space as we had a similarity in amplitude within the phase-in March to April. At the moment it is not confirmed that the bull-market is completely over but it is definitely within the possible spectrum that there comes a smaller or bigger correction before moving upward when looking at the overall cryptocurrency-space environment, in order to not get surprised by such a movement we should be arranged rightfully to wage the possibilities arising in a genuine manner. In this manner, thank you for watching, support for more market insight, and all the best! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets.
POLONIEX:ETHUSD
by VincePrince
32
XRP, Possible Wedge Detected, Continuation After Confirmation!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation and what we can expect from ripple the next hours and days. As already mentioned in past analysis ripple was on the verge to a bullish breakout where it confirmed above the major falling support-line which coordinated the downtrend and is now consolidating within its channel on the local timeframes. Recently I detected some more interesting and important signs which making the bullish breakout and continuation scenario besides the head and shoulder scenario which I already mentioned more possible therefore we are looking at the locally 4-hour timeframe. As you can examine in my chart now ripple bounced at the important support we have between 0.171 and 0.179 a third time in a row with a long and big wick in its candle, that is normally a bullish sign when it bounces from a certain level like we have seen it in these cases. The lows in that level also build the lower boundary that you see marked in blue of the overall big broadening wedge we are currently forming. As the price has bounced a third time at the major support line we can expect it to move some higher similar like we have done it already in the past bounces. When this happens we can target the upper boundary of the broadening wedge at 0.221 where the price already bounced two times and one time remaining. After we got the remaining uptrend to the upper boundary comes the critical part in which the broadening wedge formation has to be confirmed properly to have it fully validated, this scenario happens when we bounce at the support we have in the range between 0.2 and 0.21 which you can see marked in blue at the level, a fall below this price-level and even lower can validate the broadening wedge so the level between 0.2 and 0.21 is important to hold. When the bounce happens we can expect ripple to test the upper boundary of the wedge a fourth time therefore when we test it successfully and ripple manages to climb above this can confirm the wedge, remember that this has to play out with good volatility otherwise we can still fall back into the range. When the scenario plays out like expected and it should be technical there are two main resistance levels which need to be taken out to sustain further bullish with ripple in this scenario, firstly it is the 0.222 level and secondly, the 0.235 level after these have been taken out it is within the high likelihood spectrum that ripple provides a new higher high to us as you can see marked in my chart. At the moment the whole cryptocurrency market is in a lowe volatility range and is sending mixed signals, in some coins we can possibly still break down or to the upside, in such situations we need to keep patient and don't fall for the illogical speculative trap we see to often these times this means to be prepared for possible trend changes when they happen. In this manner, thank you for watching, support for more market insight have a good day, and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
12
Bitcoin, More Likely To Confirm To The Upside On The Short-Term!Hello Traders Investors And Community And welcome to this update-analysis where we are looking on recent events, the current price-structure and what we can examine in bitcoin the next days and hours. As I mentioned in past analysis bitcoin was expected to provide a sideways movement and after that confirm the further motion according to the situation, this sideway price-action confirmed now and as bitcoin was on the verge to confirm either bearish or bullish as it was in a range in which both breakouts where possible which is still the case but bitcoin added some factors and signals which making the bullish breakout scenario more likely therefore we are looking at the 4-hour local timeframe. Initial Analysis According The Subject (4-Hour Timeframe): As you can see in my chart bitcoin consolidated and confirmed the important POINT OF CONTROL level we have in this structure at the 9500 USD level decently to the upside after touching it and piercing the local resistance we had below it to bounce back with a volatile move to the upside. This move was actually a good sign which increased the bullish scenario because to confirm bearishly we had to trade sustainable below the POINT OF CONTROL level as already mentioned. This case was not given therefore although bitcoin is still in a consolidation range this move increased the bullish scenario which will be fulfilled when we cross the huge resistance we have at 9890 to the upside. Now when we confirm the at the moment more likely bullish scenario and cross above the still remaining locals-resistance to the upside this will cause a bullish move within a high likelihood spectrum but it is important to remember that we have strong resistance levels there from 10.000 to 10.600 as I already pointed out in analysis about the higher timeframes. Therefore the big question will be if the channel in which we are trading is an uptrend channel or actually a bear-flag which can happen when we confirm the range between 10.000 and 10.600 bearish similarly as we have seen it with bitcoin in the past reaching that level. This bearish scenario can confirm when we cross the lower boundary of the channel to the downside and it will actually match with the rising wedge formation I mentioned we have on the higher timeframes. Although bitcoin is stabilizing and trading above the POINT OF CONTROL this will be a huge test and will show how bitcoins reacts in this range there is a high possibility given that the huge resistance confirms bearish and moves on to develop the rising wedge scenario bitcoin is showing on the daily timeframe, in this case we should be prepared on possible bearishness entering the market. The incoming breakout can be traded aggressively with an immediate entry or conservative after bitcoin takes out the important locals-resistance to aim the upside targets at 10.200 to 10.300 although the conservative approach is better here traders should decide on individual risk and profit-preferences. After the more likely bullish short-term scenario has played out we need to elevate and consider the changing circumstances again. In this manner thank you everybody for watching, support for more market insight, have a great day and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
22
Bitcoin-Post-Halving-Cycle-Price-AnalysisHello, Traders Investors And Community, welcome to this update-analysis about the post-halving situation facing bitcoin in the short-to-middle-term at the moment and what we can expect the next hours and days. The third bitcoin halving has now contributed successfully and how I pointed out in past analysis every time after the halving emerged we saw a smaller to bigger dip within bitcoins price-action, this dip hasn't come so far now after the third halving, this can indicate a possible dip scenario which is playing together with the rising wedge that I detected within the price-action. These two factors together with the strong resistance playing an important role and can affect bitcoins price-action substantially therefore we are looking at the daily timeframe. Rising-Wedge-Formation: The rising wedge you can see in my chart marked with the light-blue lines shouldn't be kept by side because it is a huge formation which in the most occasion confirms bearish to the downside, there are only a few cases where this bearish confirmation does not play out and the formation confirms bullish to the upside. Technically we will see a confirmation of this rising wedge when bitcoin confirms bearish at the strong resistance/support level you can see in my chart marked in blue between the 10230 and 10600 level, after a break of the lower boundary the formation is confirmed and possible to enter a trade on the short-side to aim for the target zone you can see marked in the chart. Strong Resistance/Support: The psychological resistance we have here at the 10.000 to 10.600 USD is such a significant resistance at the moment where bitcoin confirmed several times to the downside that it is really not a minor level and should be kept in mind as a leading origin of bearish pressure to the downside. As you can see we bounced at this range already several times to the downside now in the third attempt to break over this string resistance, what will change this dynamic is a clear close above the 10.600 USD level with good volatility, this will invalidate the resistance and confirm it as support but as for now it must be contemplated as resistance and currently playing coherently together with the rising-wedge-formation. Post Halving: As I mentioned in past analysis about the halving-cycles which can be the starting point of the third halving cycle now is that we had an initial dip within the first times of the post halving due to supply entering the market, therefore we have this current post-halving situation which is playing logically to the rising-wedge-formation and the strong resistance/support we have in this structure. In this case, we have a high probability to see an price-dip before contemplating a possible bullish confirmation in the long-run and longer timeframes, I already mentioned other parts of the mechanism in a past analysis which I recommend you to see when going on my account and look at the analysis. Taking all these three important leading technical factors into consideration we can assume that bitcoin has a potential dip insight when the rising wedge we have in the structure confirms properly and as it is a high possibility at the moment this scenario should definitely be kept in mind to be prepared when it happens. This breakout to the downside can be traded very well conservatively on the short-side after price has confirmed the lower boundary of the wedge. Remember that the breakout needs to fulfill with the right volatility to the downside and not mere low-volatility piercing the line. After this possible scenario has played out we need to elevate how bitcoin develops and if we get a reversal and continuation to the upside in the structure. In this manner, thank you everybody for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
24
Bitcoin, Here Is Why The Bear-Market Could Be Over Already!Hello, Traders Investors And Community and welcome to this analysis about bitcoins current price-formation and what we can expect the next time. It is true that bitcoin is still struggling at a historical level which is the 10.000 USD psychological mark which was already the origin of high volatility within the past, in this case, it needs to be remembered and kept in mind if this actual resistance mark confirms as resistance as it has done in the recent year or if bitcoin manages to provide a paradigm shift which turns out bullish, in the price-chart I found some fundamental significant signs which are important to look at in the current market environment, I already done a more short-time approach which I recommend you to watch when going at my account, as for now to have a full-multi-overview we are also looking at the weekly timeframe. When looking at the current situation facing bitcoin we can notice that bitcoin is still trading within this huge and massive triangle which had its origins in the 2017 all-time-high, you can see the upper and lower boundary of this important triangle marked in my chart with the blue trend-lines. It is an underlying fact that these triangles the longer they are established showing a heavy and volatile breakout either to the up or downside. These breakouts can happen within smaller timeframes or also higher timeframes and it is within the high possible spectrum that we see such a breakout in this case also because the bitcoin price is consolidating in a wide range till months and years, the question now is either it confirms bullish or bearish and in this conclusion, it needs to be marked that there are some important signs which playing within the bullish scenario. As you notice when looking at my chart, before the bull-market in 2018 started bitcoin formed a bottom below the 200-EMA which turned out to be the actual accumulation before the bull market started, you can see this accumulation-phase and coherent bottom marked with the orange triangle in my chart, ater this we had a bull-bear transition phase which first tested the 100-EMA with high volatility and after that fully confirmed the bull market which had its top at the middle line of the huge uprising channel you can see marked in my chart. Actually we had the exact same fractal developed after the corona-breakdown with its low in March, as you can see in my chart bitcoin provided the similar accumulation triangle below the 200-EMA and after that the bull-bear transition and finally its confirmation above the 100-EMA. Now as this signal was so strong and provided the high which tested the middle line of the huge channel we can expect bitcoin to test the high established in the bull-market before a second time now this, however, needs to confirm with a clear close above the 10.000 USD level before that does not happen technically speaking the 10.000 USD level is still a massive resistance which can drag the price to the downside. Taking all these considerations together we can come to the conclusion that the bullish scenario is more possible at the moment than the bearish as I already mentioned in past analysis although there are still many bearish factors there is a higher probability for the bullish breakout which will increase when we move some higher in the current local resistance. In either case, it will be interesting how bitcoin turns out to go ahead further, many people these days calling for the complete bottom or moon, but this, however, is at the moment a mere speculative approach and we first have to wait for the proper confirmation before making this conclusion as it is highly important in these volatile market-environments we are facing today not only in the stock-market but also in the cryptocurrency-space to keep patient and wait on the right confirmational-scenarios before placing the trade as to rush in the markets as there is no tomorrow. It will be highly interesting to see how bitcoin develops the next time and if the bear-market is already over as mentioned and seen in 2018 with a similar fractal confirming now. In this manner, thank you for watching the analysis, support for more market insight, you can also subscribe to social media, all the best, and have a good week! The ambition to transform opportunity into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
54