Waiting for INJ to give long entry.These are the scenarios for INJ to playout.
●I will be looking for long Setup once INJ took 24.508$ and 23.711 SSL.
●Or reclaim (23 May daily FVG) so I can look for long Setup.
These are the 2 scenarios I'm waiting for.
In either scenario I will long INJ.
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Seasonality
S&P500 - Clues to BUYThe S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market.
My intuition says S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge.
As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea.
Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciated
STRK getting ready for $10STRK is looking to fly towards $10.
●Took previous Monthly Low.
●Created Bullish divergence on HTF with RSI.
●Now trading above the Daily FVG and below the Daily fvg we have Daily +OB(Candle which took PML).
●Buy heavy on spot in CMP and we can long it too from the CMP and SL should be below low $1.020.
●Beautiful setup if played out.
●We use SL to avoid more losses so SL is very vital in trading.
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Cadjpy sellAccording to me the quarterly Theory has Four Quarters per month as you can see from the above every month has 4 weeks we are now on week number three and that means that we are expecting the market to start distributing on week number four so for me for the remaining of the month you were expecting to be bearish on this pair
Bullish outlook on S&P 500, ESM2024, first intraday target 5375We expect further bullish prices in the S&P 500, ESM 2024. After the FOMC Meeting Minutes, yesterday, the daily candle closed bearish, but above 5315, which indicates further bullish prices on the daily. We will be therefore looking for bullish tradesetups today and further until proven otherwise.
However, we will have to see if good setups form, since price gaped at todays opening and has already moved a lot overnight, before market opening at 9:30 new york time.
We will therfore see if we get some discount to enter first. We are not trying to chase price intraday, entering in a premium.
For a first intraday target we are looking for 5375 and potentially higher.
This is no financial advice, do not risk real money on the analysis shared by us!
BTC Getting ready for 100k!BTC was trading at 63k when I share the analysis about btc will be going for 59k, 56k and 52k.
●And told you to buy altcoins when you see btc trading at these levels but I think most of you ignored it.
●Btc took 59k SSL and was nearly touching 56k but bounced before touching 56k.
●Being bearish here is never a good idea.
●BTC is set to create new ATH and 100k is on the way.
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MYRIA AI+gaming crypto big summerMyria is at a absurd 1:19 risk to reward at the price it is sitting in. A juicy +20% move only today, but it has a lot more in the tank as my targets show. As long as Bitcoin keeps running, as long as the macro stays stable, we are going to have a huge gaming run this summer IMO.
Let's see what this beautiful trade brings us, folks.
GL.
MTL PSX KSE100Price is in Up-Trend marking HH, and HL respectively through the parallel channel.
No Divergence was seen on (RSI).
Price is Near the support line, previously multiple times the price honor channel's bottom line.
Bears lose control over Volumes and bulls take the charge.
Price anticipating to form AB=CD harmonic pattern.
CHZ/USD Main trend. Pivot Zones.Logarithm. Time frame 1 week The main (long-term) trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.
This is what it looks like on a line chart.
Secondary trend. Time frame 3 days.
CHZ/USDT Secondary trend
Local trend. Time frame 1 day.
CHZ/USD Local trend. Pivot area.
KWEB: Exposure to Chinese tech marketBased on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay.
We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution.
The Chinese markets are bottoming out, and it's a good time to get exposure to the Chinese markets.
I will be buying in around the buy zone ($45 - $41).
#China #MCHI #KWEB
My target's on Solana's next ATH in the 2024 - 2025 cycleThese are just price and mcap projections and not to be taken as financial advice.
Imho there are basically 3 cryptocurrencies that matter in terms of organic user and developer adoption. That's Bitcoin, Ethereum and Solana, other chains don't come close.
Currently Solana is the fastest blockchain, and processing more transactions than Ethereum and it's L2s combined.
Ethereum:
Top to top, 2018 - 2021 ETH made a 244% gain, from around $1400 - $4800
Solana:
In my model, my conservative target is $500 in the upcoming bull cycle, which is only a 94% gain top to top. "2021 - 2024/2025"
In my aggressive target, it's a 284% gain top to top, ie: from roughly $260 to $1000. Which is just slightly more than ETH's 244% performance, but we're talking about a chain with atm a much smaller marketcap, but much more potential of mass adoption.
The $1000 liberal target which give SOL at current supply a $420 billion mcap, which is still under ETH's 2021 top mcap size of $578 billion.
There is no turn backThis analysis might look pretty crowded but actually there is simple logic behind this. After each bearish season place "Fib speed fan resistance" from top to bottom. We can observe there is no bearish scenario after we break 0.75 blue fan line. There might be red weeks but after all its end with bullish scenario. End of bullish scenario can be found from Pi Cycle Bitcoin High/Low indicator. Whenever it's "High Short MA" and "High Long MA" crosses it is very close to top. This indicator is repainting so it means we can estimate end of bull season by "Pi Cycle Bitcoin High/Low" indicator.
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅
Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D
Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning.
Let's break it down with visuals:
Chart 1: The Bitcoin Rollercoaster
This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE:
Chart 2: Bitcoin & Bitcoin Dominance Dance
This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear:
Chart 3: BTC.D vs TOTAL3
In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH.
The Bitcoin Rollercoaster and the S&P 500:
Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500.
So, is there a guaranteed correlation?
Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed.
Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations!
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🔥WHAT EXPECT FROM BITCOIN IN SUMMER 2024❓99% ACCURACY❗️🔥 Bitcoin reaches the most boring period on any market. It's a vocation period for US stock market and for crypto market as well (JUNE-AUGUST).
But will the market be as calm as many expect? A Bitcoin rally to new all-time highs (ATH) near 150,000 or a -50% dump? What will be with altcoins price and which one have best growth potential? Discover in this video!
🎁 Check my trading ideas for the altcoins that are still at the bottom!
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