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Trendanalyisis

Bitcoin outlook: BullishUpon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an anchoring point that draws attention to a desired cyclic range spanning from 29507.2 to 42680.8. It's important to note that the attainment of this extensive range remains speculative, given the multifaceted uncertainties prevailing within the western markets, with a focal point on the United States where legal ambiguities cast their shadow. The unique strength that propels Bitcoin forward is inherently rooted in the foundational tenets of the proof-of-work principle, which serves as the bedrock of its decentralized structure. This decentralization stands as a critical linchpin for Bitcoin's sustenance and endurance amidst an ever-evolving landscape. Operating on a proof-of-work consensus mechanism, Bitcoin orchestrates a global network of miners whose collective endeavor validates transactions and reinforces the network's integrity. Through an intricate dance of computational prowess, these miners solve intricate mathematical enigmas, fortifying the very foundations upon which the blockchain rests. This intricate tapestry of decentralized participants meticulously thwarts any attempts at monopolization, shielding the system against undue manipulation, censorship, and the peril of consolidated authority. In stark contrast, a transition of Bitcoin to the proof-of-stake paradigm would inevitably usher in a shift toward centralization, undermining the robust decentralization that stands as its hallmark. Such a transition would confer decision-making power to those holding the largest coin stakes, thereby disturbing the democratic equilibrium that defines the present landscape. This transition threatens to erode the resolute strength of the proof-of-work mechanism and elevates the susceptibility to centralized control, presenting a potential vulnerability to the very ethos that has propelled Bitcoin to the forefront of digital currency innovation. Inextricably linked to this discourse is the onset of a bear market, which emerged on November 14th, 2021, an event that can be construed as a requisite course correction following a period characterized by an unhealthy and excessively bullish market upswing. My conviction is rooted in the belief that for Bitcoin to chart a sustainable growth trajectory, it must adopt a cyclically balanced approach, steering clear of the tendencies that lead to over-reliance and unchecked growth. Notably, the ongoing reliance on Bitcoin as a reference currency paradoxically impedes its untapped growth potential, raising pertinent questions about the need for diversification in its utilization.
Long
by RobertD7723
JUBLIANT PHARMA Levels, swing posed for an upmove of 20% 1) Monthly - Reversing from Previous low after a proper Double bottom Reversal Pattern. RSI perfectly moving from oversold to strength of 60+. Mid term investors may look to accumulate at the demand zones with Previous low 270 region as SL for a target of 625+. 2) Weekly shows a good breakout breaking out of an 8 months old stiff resistance, after having consolidated for solid 7 weeks. 3) As the daily RSI is in overbought zone, one may consider buying at the retest of the trendline breakout at 420 zone or the demand areas marked in green. Demand zones - Green zone. Supply zones - Black zone.
NSE:JUBLPHARMALong
by Rugminik
Nifty50 Analysis and Trade Plan for August 09Supply and demand zones marked on yesterday's chart hold good for tomorrow as well. Black Line zones - Resistances R1 - 19617-19639 R2 - 19723-19795 R3 - 19805-19822 R4 - 19842-19876 Green line zones - Demand S1 - 19593-19574 S2 - 19555-19510 S3 - 19595-19462 S4 - 19350-19295 Analysis:- Same as yesterday, Nifty has not moved majorly from yesterday’s OHLC. Hence Requoting “Nifty is in the process of forming a retracement, Lower High for the Downtrend formed. But if it moves strongly above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to an uptrend.” 19530 will act as an important support level, for 2 days, the market has been taking support at 19530. Trade Plan:- If the Market opens a gap up – 1) Will look to short the market based on setup confirmation till the Gap filling / Trendline support/R1 or till 19530 based on price action and run further as needed. 2) Can go long only after consolidation breakout , but too many sell zones above, so may not be keen on this trade unless Nifty crosses and sustains above 19876 zone. Will watch for major resistance zones marked above – R2,R3,R4. If the Market opens flat - Will wait for Price action, may be a rejection at R1/TL Resistance again till 19530 or below or could be a consolidation again till 19530 and then move up. 1) Possible short scalp from TL rejection till 19530 based on setup confirmation or could wait till 19530 breaks and then ride till next support level of 19460. 2) Will go long only post consolidation breakout of the smaller TL that has formed today but would be cautious at the major Trendline above and also the gap supply above it, will be keen on price sustainability above the major Trendline till the gap zone of 19738. If the Market opens a gap down - 1) Will look to short the market if any setup confirmation signal is obtained till the demand levels as marked based on where it opens either at S2/S3/S4 levels. Will be keen to short if there is a huge gap down at 19400 based on setup confirmation. If the price takes support, one may wait for consolidation up moves. 2) Will look to go long only if any setup exists post 75 minutes of consolidation/price sustainability at the higher levels from the Possible demand levels. Please check for Demand zones below 19200
NSE:NIFTY
by Rugminik
1
BTC 1H ReviewHello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price moved dynamically above the local downtrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29623, then the second at $29423, the third at $29263, and then we have a strong zone from $29098 to $28867. Looking the other way, we see that the price has recovered quickly and is holding just below the resistance at $29,819, then we have strong resistance at $30,136 and then very strong resistance at $31,049. The RSI indicator indicates that the energy is used, while the STOCH indicator also shows the energy used in this movement, which may result in a price correction.
B
by cryptodailyuk
1
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area. 75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible. Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
NSE:BAJFINANCELong
by Rugminik
3
TeconLab_S1 XAUUSD BullishDear Traders, The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs. Our latest analysis of XAUUSD (Gold) indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly. If the trendline breaks to the upside, after it retest the trendline we get the second long position and hold it for the second take profit. Then we wait for the drop near wave 4 and take the third position and wait for the third take profit. We are optimistic this innovative approach can deliver strong profits with high accuracy. Your likes and feedback provide valuable motivation as we continue improving our models. Current pairs under research include: AUDUSD EURUSD GBPUSD NZDUSD USDCAD USDJPY USDCHF EURGBP GBPJPY XAUUSD (Gold) Please let me know if you have any other suggested pairs for analysis. We aim to provide actionable insights that can drive improved trading performance. Thank you for your interest and support. Regards, The TeconLab Team
OANDA:XAUUSDLong
by teconlab