Get started

Rally

Bitcoin longterm chartI thought it was time to make a longterm chart, with all these wrong charts going around, hehe. They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart. I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025. I am a bitcoin longterm bull, but one has to remain realistic. The cause of these growth cycles are the halvings, which lead to a supply shock with a subsequent rally. Every time. These are all guesstimates of course, but I think this chart is realistic. The very longterm goal of BTC, in 2030+, is at around 1 million USD imho. It won't go much higher afterwards, it can be seen as the final asymptotic price. The next peaks should be at around 100k in 2022, and around 300k in 2026. I hope this chart helps people understand the longterm growth dynamics of BTC :)
BNC:BLX
by SebastianofMoon
92
SPY - can this rally extend to the upside? As always, everything is possible. Just some important levels on chart for you to have in mind. Short term and medium term uptrend, long term downtrend. If we break the trendline I believe this rally could catch some further steam. Risk here comes from trendline and 200 MA resistance. If we secure price above VCOP, this could be low risk trade to the upside with PT at - 410, 413, 430+, 437. We also have price and MACD divergence. Grey line is AVWAP from ATH and October low. Volume profile is also drawn on this chart.
AMEX:SPYLong
by Robert077
If the SPY breaks above $411.50 tomorrow - the RACE HIGHER is ONHave you been following my research? Maybe you should stop to consider what is possible with advanced predictive modeling solutions. For example, here are my SPY Cycle Patterns for the past 20+ days - and 20+ days into the future.... 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 Inside-Breakaway 1/25/2023 Harami-Inside 1/26/2023 CRUSH 1/27/2023 Rev-Rally 1/28/2023 1/29/2023 1/30/2023 Inside-Breakaway 1/31/2023 Break-Away 2/1/2023 Rally-111 2/2/2023 Rally-111 2/3/2023 Carryover 2/4/2023 CRUSH 2/5/2023 Rev-Rally 2/6/2023 2/7/2023 2/8/2023 Inside-Breakaway 2/9/2023 Harami-Inside 2/10/2023 CRUSH 2/11/2023 GAP Potential 2/12/2023 GAP-Reversal 2/13/2023 Rotation 2/14/2023 Top/Resistance21 2/15/2023 Consol-210 The high (so far) on the SPY reached the $411.46 level (a clear DOUBLE-TOP). Above that level, we'll see $418~421 fairly quickly. Please pay attention. Ask yourself one question: who else do you know that can predict price movement 120+ days into the future? Here we go.
AMEX:SPYLong
by BradMatheny
AMD: Key Reversals, and Short-Covering RalliesAMD has been in a bear market since December 1st, 2022. For those of you who took a short position, you have had to endure three major short-covering rallies. The first short-covering rally which began on December 12th may have made you reconsider your decision to short in the first place, and you probably got out at some point. But when is the best time to get out and possibly go long? Identifying key reversals can be helpful in these situations. In a bear market, a key reversal is when the price makes a new low but closes on or near the high (the opposite is the case in a bull market). A bar chart can help you see this better. I've placed black arrows under the obvious key reversals on the daily chart. The orange arrow shows a key reversal that may not fit the definition exactly since the price closed just above the middle and not very close to the high. These rallies only lasted a couple of days each, and since the key reversal can't be identified until the end of the first day, the opportunity to make gains with a long position only lasted one day. An opportunity to go long has just presented itself on January 6th with a key reversal. I'm expecting a rally on January 9th. The question is, will this rally continue to the upper resistance line, or fizzle out in a day or two and retest the support it bounced off? I'll be watching. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDLong
by cdnbuzzard
BITCOIN Will Have a Correction Before Going Back BullishHello Bitcoin traders, Bitcoin has been very bullish for the past two days, but always be ready for a correction because many signals show that it is still overbought (see my previous post for 4 signals). With the Fibonacci Retracement, we see many moments where the principal lines served as support or resistance for the price. The price has now reached the "Golden Pocket" where reversals often happen. We can expect the price to have a slight to medium correction before continuing its bullish rally.
BITSTAMP:BTCUSD
by YanakTrading
2
Just .. a bear market rally... Weird i have heard that before ;)It seems to me that the overall sentiment of the market environment is currently that you should not buy into this pump as it is just a "bear market rally", the entire year of 2022 I have not heard that term thrown around at all, only now to resurface in this rally. I think the market has experienced a lot of pain and is now trying to justify that we are still in this aggressive bearish downtrend. To ME this is the DIisbelief stage of the bear market. Let me know your thoughts
BINANCE:ETHUSDLong
by V3rdictz
3
4 signals shows that BITCOIN is overbought.In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down. - A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought. - Candlesticks broke above the Bollinger Bands (BB), meaning there is an upcoming reversal. - RSI is above 70 (=overbought) - Bollinger Bands %B is above 1 (=overbought) Using the TBS Strategy, consider selling when the BB %B crosses down.
BITSTAMP:BTCUSD
by YanakTrading
1
Rally into 2023? Likely rally into 2023, spurred by downward trend in inflation. Likely 25bp hike at next meeting, then full stop to evaluate the damage (and give time for lagging economic data to catch up to policy changes). Unemployment will rise, possibly some deflation, and fed will cut rates towards the end of 2023 in response to negative economic data. This will cause a second drawdown. Well, the rates will be correlated with a second drawdown, but the real correlation will be between the negative data and equities. My initial thoughts as we move into a new year. Should be an interesting one. Love, InTheMoney
NASDAQ:QQQLong
by InTheMoneyAdam
8
ETHUSDT: Support at $1.3k according to the Fibonacci RetracementIn this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in Ethereum's case, we see that the price dropped all the way from 1.7k to 1.1k in only four days after reversing in the Golden Pocket. The price also received support at 0.5 (price at 1.5k), 0.382 (price at 1.4k), and especially at 0.236 (price at 1.3k). Following these observations, we can expect the current price to use 0.236 again as support before rallying at least to the nearest resistance 0.382. Also, pay attention to the Relative Strength Index (RSI) to see any overbought signals (ETH is overbought if the RSI goes above 70. The market will then correct the price shortly by bringing it down. However, if the RSI oscillates between 50 and 70, it is a sign of a healthy bullish trend). Yanak
by YanakTrading
4
BTC will rally to $56K in the coming 4 monthsI know this is a bold statement to make, but the bottom for BTC is in (beautiful double bottom) and a rally to $56K is imminent, bears are about to get rekt as BTC is going to rally to near its all time high price in the coming months, but it won't make a new all time high just yet, as we are in the four year cycle, this is just a retracement. The bottom for BTC was in Nov 2022, while the bottom of the last cycle was in Dec 2018, thus this time we are one month ahead, the top of the current four month rally will be in May 2023 instead of June like the last cycle (2019). We will break out of the bullish falling wedge to the upside very soon in the next 10 days, and we won't stop going up until the end of May, so if you are a bear and you don't want to FOMO, you will have to have patience for a very long time before the prices come down again to the current levels, in the coming months, every time you think the prices are coming down, it will go up instead and test your patience severely. Buckle up boys and gals, we are going to the moon, soon. Inshallah.
Long
by abrahamadam2017
3
Is the Bottom in Bitcoin In?Interesting chart showing potential new up-trending channel for Bitcoin. To me, it looks and 'feels' like the bottom is in, coupled with an Alt-coin rally, as the AltPerp Index is showing clear signs up trending up. Also ETH.D is holding the line in it's uptrend that started back in Nov of 2019, and USDT.D which is inversely correlated to crypto prices, is breaking down below a key trendline support. At the very least, we have a tradeable bottom forming and looking very good to me here. On the other hand... A Gemini collapse, or sudden dumping of BTC by Greyscale to bail out bankrupt parent company Digital Currency Group and Barry Silbert, could still send us lower like FTX part II. New information = new decision. But as I always say 'Show me the chart, I'll tell you the news" And the charts are telling me that all the contagion has been priced in, and money is starting to flow back in here.
COINBASE:BTCUSDLong
by BrettFogle