BNB: Unstoppable BullsHello Traders!
Welcome back to another Post with analyst Aadil1000x.
This is another beautiful post and i loved the way patterns are forming in BNB not only are many steps predictable in BNB but we are not here to trade every step of BNB but i am here to advise you for some long-term holding.
In my post, many traders might not agree with the directions of the breakout of the patterns because I have broken many rules. It is surprising that the wrong way of pattern trading is the most liked post and people argue on the correct way of trading. Figuring out the perfect chart is tough so they chose the easy way to analyze and market makers take benefit of their capability. I crack a perfect chart after understanding the user manual of brokers/market makers.
Let's inspect the chart now. There is a bear flag pattern in the bigger picture and we can clearly see there is a reversal pattern after a breakout and market showed a nice bullish move and the last pattern is a rising wedge pattern. If we go blindly then selling a rising wedge will give you a 35% of time profit and buying will make a profit of 65% time. If we don't go blindly and do deep analysis then we can crack the next move with up to 95% accuracy.
This time this is a bullish formation and BNB will break through the roof and will not stop even after breaking the roof.
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TOP-6
BTCUSDT: Next Few stepsHello Traders!
Welcome back to another post with analyst Aadil1000x.
These are the next few steps that I am expecting from the market. These steps are not randomly selected but these patterns are the chains of reactions and each step is predictable with the help of multiple different strategies. Multiple moves are not predictable with some basic strategies.
On the first step, we have A1000x True reversal point at 22821 and I am expecting a rise from there. Next, I am expecting that the market will aim to break the resistance. After breaking the resistance there will be a reaction toward the downside but once a trendline is broken it will start to move up again and it will move towards its ultimate aim which is a flip zone.
At the flip zone, we will see a reversal pattern which will push the market toward the downside.
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Nearusdt: Big BullishHello Traders!
Welcome back to another trade with analyst Aadil1000x.
The last half of this week is bullish and we are ready to buy some pairs from the reversal point.
Near Buy Limit 2.208
Stoploss 2.161(-2.08%)
Target 1, 2.348(+6.3%)
Final Target 2.537(+14.9%)
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BTCUSDT is ready to RockHello Traders!
Welcome back to another post with analyst Aadil1000x.
This Analysis is about the next few steps of BTC in the bigger picture.
Since the start of the year 2023, BTC is strongly bullish and its aim is not been finished yet. Its aim is to break the resistive trendline of the previous channel. It will cross it when it reaches 27,000 and there will be a little more pump after that and this bullish move will end at 29327 True Crash Point. The crash will be 20-30% and after that, i am expecting more than 125% pump and it will end at 51344 A1000x True Crash Point.
We will trade each and every wave carefully.
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BIG TRADE ON FOREX! GBP/USD We have been hovering around 1.24 for some time now. We have formed a double top and bearish divergence on 4H and below. We are not overbought just yet, so this would be a factor to look out for I will pay attention to the price action at the nearest 1.24 retest (if so).
Entered 1.24000
Target 1 GZ = 1.20723 - 1.20529
Target 2 FR = 1.18410
SL = 1.25000
Goodluck all:)
AMD heading toward support areaFor those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain.
AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend line, so I'm expecting a few bounces to occur. My first short target is the middle of the support area at 59.80, but with hindsight, it should have been 63.62 which is the first support level below the 2-year line. The ultimate target is still 50. It's very possible AMD will make a double-bottom before it gets to 50 so I would look out for that. I'm still bearish at this point.
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.
📢 The Broadening FormationA technical chart pattern recognized by analysts, known as a broadening formation or Megaphone Pattern, is characterized by expanding price fluctuation. It is represented by two lines, one ascending and one descending, that diverge from each other. This pattern typically appears after a significant increase or decrease in security prices and is denoted by a sequence of higher and lower turning points. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work.
🔹How to identify
Generally, the Broadening Formation consists of 5 different swings. But the swing has to have a minimum of two higher highs and two lower lows. A trend line is drawn by connecting point 1 and point 3 while points 2 and 4 are also joined together to draw a line.
These two lines create a shape that looks like a megaphone or inverted symmetric triangle. These swings’ highs and lows have to close above or below its pivot line and therefore they will create swing high as pivot high (R1, R2, and R3) and swing lows as pivot lows (S1, S2, and S3).
A breakout occurs when the line does not respect its support or resistance line and closes outside the shape after making the 5th swing.
🔹Volume
Volume plays an important role when it comes to the recognition of this pattern.
In the Broadening Top, volume usually peaks along with prices.
An increase in the volume, on the day of the pattern confirmation, is a strong indicator.
🔹Failures
This pattern also can be traded when it fails but is necessary to identify the failure perfectly.
A failure can be spotted when it fails to break the trend line (upper or lower as the case may be) after completing the 5th swing.
Suppose in a bull market condition, this pattern is formed and if it fails to break the upper trend line, traders go short when the price goes below 3rd swing high (R2).
Similar is the scenario, when the market is in a bear phase and it fails to break the lower trend line (S2), traders take a long position when the price closes above the 3rd swing high.
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$360K BTC in 2023 if we are in a similar type of rally like 2017The title says enough. We might be in a similar type of rally like we had in 2017, which means that you won't be getting any chances to buy lower after corrections. 12 Jan 2023 is when BTC began pumping, just like in 2017, I have used the bars pattern from that period, that pump lasted until a blow off top in Dec.
Bitcoin Shorts With Targets based on riskThis is the case for shorters. Targets based on actual risk at the time.
Bitcoin has gone up to almost liquidate 3x positions that have sold the current bottom. There was not been a 5% drop until price has topped out. Shorters are in panic and praying for price to reach 17.5k to 18k again so they can exit their short.
10 Potential Trends 2023 by EXCAVOPotential trends and my thoughts on the future
- 1. Increased Crypto Regulation
2. I'll start by explaining what L0, L1, L2, and L3 are:
L1 - Transactions
L2 - Closing problems of L1
L3 - Applications/Infrastructure for Applications
L0 - Cross-chain infrastructure
*L1 solution cannot be fast, scalable, and decentralized at the same time.
Protocols L1:
Ethereum (ETH)
Toncoin (TON)
Solana (SOL)
Near (NEAR)
New L1 Solutions :
Aptos
Sui
Canto
Fuel
Shardeum
Quai
Linera
Sei
Disadvantages of the New L1
ETH dominance
Past failures of "new" L1
Interest in LAYER L2 solutions
LAYER 2 - a protocol deployed on top of the main blockchain (Layer 1) is needed to increase the scalability of L2 - solutions are used for popular blockchain platforms with low bandwidth, such as Ethereum and Bitcoin
Pay attention to:
Arbitrum
Optimism
Polygon
zkSync
Fuel Labs
Advantages:
Ethereum is the most popular ecosystem
Developed infrastructure
Request for scaling
Disadvantages:
Risk of vulnerabilities
The problem of mass adoption
Key challenges:
Attraction of liquidity
Competition
Layer 0
Cosmos, Polkadot, Avalanche, Cardano
3 . Exchange tokens also remain interesting for market participants; some exchanges leave while others remain and they see opportunities for customer growth and platform development. I would like to highlight several exchanges that are now actively working to become top exchanges:
Okex
Bitget
Wootrade
If I missed any exchange, please write in the comments
4. For potential trends, pay attention to the simplification of financial interactions, new types of fundraising, DeFi of the second and third generations, WEB3 is not yet used in a large part of the cryptocurrency market. Remember something that was very hyped in the past but has not yet been transferred to a decentralized plane, such as with ICO/IDO like IPO, as as well as NFTs like Bearbrick and KAWS. Look for a super idea or potential fierce hype.
5. DeFi will continue to develop, and from the future leaders, I think there will be projects such as:
dYDX
Lido
Uniswap
Maker
Curve
Advantages:
Request for decentralization
Ecosystem support
High profitability in terms of business
Disadvantages:
Regulatory risks from the US
Higher entry threshold than CEX
Hacking attacks
Key challenges:
Stimulation systems
Competition
6. At the end of last year, I began to look very closely at the Chat GPT platform, of course, it made me look at what is happening and the future of the world in a different way. And a few days ago, a list of crypto projects related to AI (AI) was published:
coinmarketcap.com
dropstab.com
Many began to write about the potential trend in this direction at the next Bull Run. And this is certainly the case. Any trend starts like this. But I want to note that there are already plenty of projects working with Big Data - DYOR
7. Proof of Physical Work consensus
I wrote in a previous post
8. Wallets
Due to the mass distrust of centralized exchanges, wallets will gain popularity in this cycle, this hype will be facilitated by the release of the metamask token.
As for me, I use several cold wallets and I really like mobile phone wallets such as C98, Safepal, and Trustwallet.
9. Social media
Decentralized social networks are a potential new boom:
DeSo, Nation, Farcaster, Lens Protocol, Braintrust , and so on are some examples to look out for.
Centralized social networks
Potentially, each social network (Twitter, Facebook, Instagram, Telegram) will have a direct sending of cryptocurrencies. It looks like this, stablecoin issuers are already working on implementation. This will be the next trigger and stage of adoption, which will mark the new BullRun of the cryptocurrency market, after which we will see a global restructuring of the TOP 50
The main IT giants are Apple and Google - they have been preparing to enter the cryptocurrency market for 2 years. They will be able to take the cryptocurrency industry to the next level, but I think it will not be in this cycle
10. AAA Blockchain Games
....will continue to be developed
I communicate very well with the project team, see for yourself how cool it is
www.youtube.com
I will say more, I have already played the beta version
It is also important to note that all investments come with some level of risk and even the most promising projects and trends can have unforeseeable challenges and obstacles. It is always important to conduct a thorough analysis of any investment opportunity and understand the level of risk involved before making a decision. Never invest more than you can afford to lose and always be mindful of the long-term potential of any investment.
As a final note, it is also important to keep in mind the importance of regulations and compliance in the financial markets. The crypto and blockchain space is still largely unregulated and many projects and trends may fall foul of legal and regulatory requirements. It is important to stay up-to-date with any changes in laws and regulations in the countries you are operating or investing in.
I hope this information has been helpful in providing some context and guidance when it comes to trends and developments in the financial markets, and a deeper understanding of the crypto and blockchain space. Remember, it is essential to conduct your own research and make your own decisions based on your financial goals and risk tolerance.
If I missed any trend write it in the comments
Best regards EXCAVO
SPX : Diamond top widening out ready to crack? Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% .
This would translate into a dump right on or about the 50% fib retracement level at 3200 and change.
Also noteworthy is the confluence with previous gap support resistance just below the pre-pandemic high.
Stay short my friends. Journeyman
I am still Googling A Trend Following Setup!💻Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOOGL has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower blue trendline acting as a non-horizontal support.
Moreover, the zone 70.0 - 77.0 is a strong support and demand zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone , lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As GOOGL approaches the lower purple 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
Head & Shoulders Top Completed, USO/SPXAccording to TA rules, the ratio has completed the pattern with a Complex Right Shoulder (two peaks).
Those these means that the SP:SPX should breakout from that downward trendline? I don't know, but probably.
Or those it means that energy stocks should finally follow oil prices? Maybe, it is what normally had happend.
What I'm seeing is more stocks going up, even though some breakouts aren't working as smooth as it should.
Nontheless, I just follow price.
This ratio is just another indicator, let's wait and see what happens.
BTC Wall Street Cheat Sheet - Completely for funI'm a Bitcoin bull but I decided to take a look at the bear side and see if I could apply the Wall Street Cheat sheet to Bitcoin.
It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular.
Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.
Wheat Has Topped, But Corrective Recovery Can Be NearWheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs.
Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections.
Wheat has five waves down from the highs into first leg A, now unfolding and finishing wave "5" of A that can stop around 700 - 600 area. So, top is in place temporarily, but corrective pullback in wave B may occur at the beginning of 2023, which can retest the 950 – 1000 resistance area before we will later see more weakness within wave C.
All the best!
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EXACTLY ON BTC !!!!! Hello, everybody! If you like the concept, don't forget to like and follow it.
It's exactly what I thought would happen to BTC, but I think the DXY Index could make BTC fall again.On the DXY index, I will attempt to publish a brief chat soon.
Please show your support for me by liking and following my ideas.
Also, let us know what you think in the comment section.
Bitcoin Top sell strategy BTC price chart analysis on the Daily time frame (Heikin-Ashi candles, wicks removed, log setting).
My sell strategy using the PI cycle indicator (first developed by Philip Swift - credit: LookintoBitcoin.com).
-I would buy and hold earlier, watching the price rise throughout BTC bull market using my trend analysis strategy
-I would observe the PI indicator in concert with the price rise
-Once PI indictor MAs cross I would observe the SAR dot colors
-I would sell after the first red SAR dot shows on my chart, after the PI MAs cross
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , to assist my decision.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual);
• Now SOFI is correcting along with the indices, therefore, this is a systemic correction;
• We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not;
• Either way, if it loses today’s low, I see SOFI correcting more, probably below $5;
• It all depends on how it’ll react today. I'll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!