Dogwifhat Coin (WIF): Possible Double Top Pattern / FallingDogwifhat coin seems desperate, where price is looking like it is about to fall hard.
We noticed on bigger timeframes the formation of a "double top" pattern, which upon breaking the neckline zone would result in a possible 60% downfall so keep attention at that neckline zone for now!
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Gold price analysis. Top could be very close.
Examining the chart above, it's evident that gold has experienced several prolonged periods of consolidation, often lasting decades after reaching all-time highs, with a typical decline of over 45% in value before eventually returning to those previous highs. I'm addressing this today to provide insights into investing in gold. Although many assert that gold serves as a store of value, the 45%-65% drops it frequently undergoes challenge that notion, making it difficult for me to embrace that perspective.
I believe gold can still be a worthwhile investment; however, I contend that the most effective strategy for investing in gold is through long-term dollar-cost averaging (DCA). For instance, if I aimed to invest $100,000 in gold, I would prefer to purchase $10,000 annually over a decade rather than investing the entire amount at once, which could lead to a potential 60% loss and result in long-term illiquidity.
With the emergence of the digital gold revolution, there's a significant risk that Bitcoin (BTC) may finally supplant gold as the primary store of value. When comparing the ROI of BTC to nearly any other asset over time, it becomes clear that nothing compares. While BTC has experienced extreme volatility, similar to gold's 65% declines, the key difference lies in BTC's ability to reach new all-time highs within a maximum of five years, whereas gold often takes decades to recover. As BTC's market capitalization grows, its price fluctuations should become less severe, and with banks now permitted to hold cryptocurrency, the landscape could become quite intriguing.
Historically, gold appears to breakout from cup and handle patterns, potentially leading to 65-70% rallies, as indicated in my 3 charts above, suggesting a peak price of around $2800 per ounce. I advise caution, as I believe the digital revolution (Crypto, AI, Quantum Computing) may dampen this surge, and we could be nearing if not already the peak, possibly signalling the end of gold cycles. In my experience with gold cycles, I've observed that when non-investors urge me to buy gold, proclaiming unrealistic future values and a return to the gold standard, it often precedes a downturn. Notably, many people I know currently view gold as the best investment and store of value, likely due to the prevailing narrative and the recent inversion of the yield curve, prompting a rush toward gold in anticipation of a market correction. If gold is to breach $2,800-3000 area, I believe significant corrections in major indexes and crypto markets are necessary. Given that Donald Trump frequently boasted about the financial markets during his last presidency, even amidst unprecedented trade wars, I find it unlikely that conditions will worsen significantly. Furthermore, the recent removal of SAB122 allows banks to hold crypto, potentially serving as a substantial catalyst for upward price movement and draining liquidity from other financial markets.
Also worth mentioning is that in the main chart you can see that if you draw fib retracement from the bottom of last run to the top you'll see that our 1.618 sits around 3k. if you draw from the bottom of the last handle you'll notice the 1.618 sits around 2700 which we've now slightly over extended. i would say there is plenty of upward resistance with nothing on the downside until around 2k.
Nonetheless, I view gold as a highly risky investment; once it declines, it takes an exceptionally long time to recover. I would prefer to invest in the S&P 500, especially if employing a DCA strategy, as it serves as a far superior store of value. Even after a major correction, the S&P typically regains its all-time highs within just a few years. For the average investor who isn't actively trading, I don't believe gold is a sound investment for this reason. I encourage you to compare the charts of gold and the S&P over the past 50 years and calculate your ROI if you had invested $10,000 annually in each; you'd likely find yourself significantly wealthier with the S&P 500. I have heard many rumours of countries such as USA and china going back to a gold standard but IMO the world always tends to move forward and i think gold is going to be left behind the the wake of crypto. GLTA
VINE Looks Bullish (45M)Attention: Entering this asset at this point carries its own specific risks. Manage your capital and position size carefully, and set a stop-loss for yourself. Otherwise, you may incur losses.
We usually do not work with classic patterns, but since many traders with different strategies are trading this asset and there is bullish sentiment around it, the bullish flag we’ve identified on the chart typically performs well in such scenarios.
It appears that this coin is preparing for another move. The green zones represent the origins of previous moves, all of which have been consumed in order, leaving no unfilled orders below.
If this asset is to move upward, it must initiate its move from the last green box.
The targets are marked on the chart.
Closing a 4-hour candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Litecoin-LTCUSD Periodic Analysis (Issue 62)The analyst believes that the price of Litecoin will increase in the next 24 Days. This prediction is based on quantitative analysis of the price trend..
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
XAUUSD is still on Correction
Through my weeklyEpisode and multi time frame analysis , you will get deep insights . Xauusd rejected from ATH 2788 (2790) ,however its weekly closing at 2770 without retesting its previous low which should be the 2750-55 support. market in on rising channel since last month,
What possible scenario do we have?
What im seeing that Market closes on mini support of 2770 ,it has to restest the previous support 2660,although its actually previous low should be 2750 to complete the Price-action.
if 2760-63 support area sustained ,our eyeswill be again at 2790.on the otherhand ,2750 where all the hurdles will starts .
On the other hand, if 2750 breaks will do completely on bearish sides.
$SOLUSD Now at moon, mars nextSolana ( CRYPTOCAP:SOL ) is a standout in the crypto space, and I’m going long on its potential. With its lightning-fast transaction speeds, low fees, and robust scalability, Solana is a top contender for mass adoption. Its thriving ecosystem, from DeFi to NFTs, continues to attract developers and users alike. Despite market volatility, Solana’s innovative technology and strong community support position it for long-term growth. As blockchain adoption expands, Solana’s efficiency and versatility make it a prime candidate to lead the next wave of crypto innovation. Now’s the time to stack CRYPTOCAP:SOL and ride the wave to the future! 🚀 #Solana #Crypto
InverseTomPip
UK100The UK100, also known as the FTSE 100, is a stock market index that represents the 100 largest and most liquid companies listed on the London Stock Exchange. These companies are the crème de la crème of the UK's corporate world, spanning various sectors such as energy, finance, healthcare, and consumer goods.
Here are some of the top companies that make up the FTSE 100 index:
Top 5 Companies by Market Capitalization:
AstraZeneca plc (AZN): A pharmaceutical giant with a market cap of $236.45 billion ¹
Shell plc (SHEL): An energy behemoth with a market cap of $230.97 billion ¹
HSBC Holdings plc (HSBA): A banking giant with a market cap of $162.67 billion ¹
Unilever plc (ULVR): A consumer goods company with a market cap of $136.77 billion ¹
Rio Tinto Group (RIO): A mining company with a market cap of $110.09 billion ¹
Other Notable Companies:
BP plc (BP.): An energy company
GlaxoSmithKline plc (GSK): A pharmaceutical company
British American Tobacco plc (BATS): A tobacco company
Tesco plc (TSCO): A retail company
Vodafone Group plc (VOD): A telecommunications company
These companies are the backbone of the UK's economy, and their performance has a significant impact on the overall market. The FTSE 100 index is widely followed by investors, analysts, and financial media, and is considered a benchmark for the UK's stock market performance.
GBPNZD - Bullish Triangle Break + SetupHello traders
GBPNZD has been forming a triangle pattern since 13 January and has now broke bullishly out of it. While it was a descending triangle, the rsi had been forming a bullish divergence showing a sign of strength.
Add to this the fact that this setup is forming on a daily trendline making this a high probability setup to me.
This is the link to the daily chart
For me the entry would be to place a limit order slightly above the 0.5 fib level and a target of the largest range inside the triangle as marked on the chart.
BTC is in a decision-making phase
Bitcoin is trending upward, with prices rising from about 90,000 USDT all the way to nearly 105,000 USDT. Since late January, Bitcoin prices are entering a converging triangle area. The area is limited by a descending trend line above and a support line below. The current performance of the market shows that price fluctuations are getting smaller and smaller, indicating that market participants are waiting for a clear breakout signal.
Support level: 91,361.70 USDT below, representing the recent low, this price has become a key support area. If Bitcoin prices fall below this support level, they may face greater downward pressure and even test lower support areas.
Resistance level: 107,813.12 USDT above the price is the main resistance level, forming the upper boundary of the current triangle consolidation. If Bitcoin prices break through this resistance level, it will be possible to launch a new upward wave again.
Currently, the price fluctuates above and below a gradually rising trend line, which is a typical triangle consolidation. In this form, the price usually enters a contraction range, and the fluctuation range gradually becomes smaller. At this point, we will closely watch whether the price breaks through the upper resistance line or falls below the lower support line. A breakout in either direction could bring a strong market reaction.
If Bitcoin breaks through the upper triangle resistance line of 107,813USDT, it may retest and break through the upper high, pushing the price to a higher area, with the target possibly close to 112,000 USDT or even higher.
If Bitcoin falls below the lower support line of 91,361.70 USDT, a strong downward trend may form, and the price may pull back to 90,000 USDT or even lower.
Overall, the current market pattern shows a typical triangle consolidation pattern, which means that Bitcoin may continue to consolidate in the short term until it breaks through the key price above or below.
CADJPY next move (expecting bearish move)(22-01-2025)(mid term)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (22-01-2025) (mid term)
Current price- 109.000
"if Price stays below 111.000, then next target is 105.000 and 103.000 and above that 115.000 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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BEARISH BIAS ON SILVERFrom the 4 hourly time frame a Bearish Flag has formed and a Rectangle Top has equally formed As such with a reversal candle formation at the Resistance line of the Rectangle, one can Initiate a short limit order at 30.810 and also add to the short position at 30.930 should price pull back with a Stop loss at 31.135.The first profit Target should be at 30.255 the Rectangle support line,one should then wait to see what price action does at the support line of the Rectangle,should price break and close below it Decisively on a 4 hourly closing basis a short limit order can be initiated at the base of the of the Rectangle support now turned Resistance and then add to the short position at the support base of the Bear flag now turned Resistance should price action pull back to it.A stop loss should be set at 30.5(the short position should be closed if price closes back into the Bear flag formation) Profit Target should be the measured rule of Rectangle formation at 29.520
Gold Breaks Uptrend Line! Is a Reversal or New ATH Coming?The mixed PMI data(Flash Manufacturing and Flash Services) from the U.S. reflects contradictory signals, likely leading to short-term Gold price volatility without significantly affecting its main trend . What is your idea!?
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Gold ( OANDA:XAUUSD ) is moving in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ ) and managed to break the Uptrend line .
According to the theory of Elliott waves , it seems that 5 impulsive waves have ended, and we have to wait for corrective waves .
Another sign of Gold correction can be the formation of a Shooting Star Candlestick Pattern ( with high volume ) and, next to it, a confirmation candle in the 1-hour time frame .
Educational Tip: The larger the volume of the candle, the more valid the candle and the pattern it forms.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
In terms of Classical Technical Analysis , we can expect the formation of a Head and Shoulders Pattern . ( It is better to wait for the formation of the right shoulder ).
I expect Gold to attack the Support zone($2,764-$2,757) and Uptrend lines soon , and if they break, we can expect Gold to fall to the Support lines .
Can Gold make a new All-Time High(ATH)!? Please share your ideas in the comments.
Note: We can expect more pumps if Gold goes over $2,794.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USOIL: Bull Run Continue Next Target: 77:00Disclaimer: This particular analysis is not a trading advice but a personal analysis for study purpose only.
Greetings! What are your thoughts on USOIL let me know in the comment section.
Current USOIL price: 74.50
After breaking the trendline of 71.50 market has been bullish. Currently market is working under the range of 78.00 and 73.50 market is trying to test the lower areas but it would jump up from 73.50 to 77.00 because of the devaluation of USD, Middle East Crisis and US shale production plateau which can disrupt the supply and drive the prices up. I think after hitting higher area of 80.00 market went in the phase of correction and now again its ready to join the bulls again.
Supporting Areas: 73.50, 72.00
Resistance: 75.50, 77.00
Demand Zone: 77.00
Like, comment and support for latest updates on USOIL.
Thanks for your support
Good prices to buy Solanahello friends
This currency experienced a strange pump and then the price stayed in the channel for about 230 days.
Then, with the strength of your channel, you were able to show yourself
Now it is pulling back to the top of the channel and the price is right to enter.
There are three purchase steps that seem attractive and we have specified them for you.
Don't forget capital management, friends.
Be successful and profitable.
GBPUSD LIVE CHARTFor this week trading, i would prefer looking for buying opportunities on all foreign currencies reason for this is simply. DXY Dollar index has shown significant signs of weakness from last week trading very bearish. if the dollar index is trading lower, its reasonably to expect GBPUSD to trade bullish since they are corelated.
Although am bullish but its preferable for price to trade lower and attack the sellside liquidity before we expect any form of a sustain price run higher to reach for the buyside lquidity.
This is just a trading idea. stay safe
Prepare to BUY Spot ZRXUSDT (M & 3M Cycle Combination)[/b]🚀 Prepare to BUY Spot ZRXUSDT (M & 3M Cycle Combination)
🌟 The combined M & 3M cycles for ZRXUSDT signal a strong accumulation phase – A promising setup for mid-term growth! 🌟
🌍 Market Overview:
ZRXUSDT is currently accumulating for its M cycle within the broader bullish structure of the 3M cycle. The current price level offers an excellent opportunity to start building positions for the next significant uptrend.
📊 Trade Plan:
📌 Entry Point:
$0.45 or lower – An ideal accumulation zone for this cycle setup.
🎯 Target:
1$ - $1.5 – Expected price range as the cycles unfold.
⏳ Hold Time:
6 months – Aligned with the mid-term bullish cycle outlook.
💡 Note:
Focus on accumulating at or below the suggested entry price for maximum returns.
Keep an eye on breakout signals and overall market trends to adjust strategy as needed.
Patience and discipline are key to capturing the full potential of this opportunity.
🔥 ZRXUSDT is poised for mid-term growth – Don’t miss this prime accumulation opportunity! 🔥
TRUMP Breakout Alert: 100%+ Pump Potential from Falling Wedge!🚀 Hey Traders! 👋
If this setup gets you excited, smash that 👍 and hit Follow for trade ideas that actually deliver! 💹🔥
TRUMP is flashing bullish signals, breaking out of a falling wedge on the 1-hour chart. This setup screams potential for a 100%+ pump! 📈🔥
💡 Trade Setup:
📌 Entry Range: Current Market Price (CMP); add more on dips.
🎯 Targets:
Target 1: $31
Target 2: $42
Target 3: $51
Target 4: $60
🛡️ Stop Loss (SL): $24.80
⚙️ Leverage: Use low leverage (Max 5x) for safety.
💬 What’s Your Take?
Are you bullish on TRUMP’s breakout potential? Drop your analysis, predictions, or strategies in the comments below! Let’s crush this trade and lock in those gains! 💰🔥