bitdoctor

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In this article, I will discuss the head and shoulders reversal pattern observed in NVIDIA stock. Recently, the stock has experienced a significant uptrend, rising approximately 48% after the completion of a larger inverted head and shoulders pattern. However, recent price action on lower timeframes suggests a smaller head and shoulders pattern is forming,...

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The inverted head and shoulders pattern is a popular and reliable technical chart pattern used by intermediate and advanced traders to identify potential reversals in market trends. This guide will provide a step-by-step approach to trading this pattern, covering key concepts and actionable strategies. Understanding the Inverted Head and Shoulders Pattern The...

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In this article, I'll explore the recent decline in the Nasdaq 100 (NQ) index from the 13,200 level, focusing on its corrective nature and potential implications for short-term price action. By examining the 15-minute timeframe chart and considering the impact of tomorrow's scheduled economic release , we can gain insights into possible market moves and make more...

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As an enthusiast in the financial markets, I recently had an idea about the trajectory of the S&P 500 Index (SPX). I wanted to share this with those who might be new to investing and could use some guidance. This explanation is tailored for beginners, so don't worry if you're not well-versed in market jargon. In early March, I observed that the SPX was hovering...

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In this idea, I will dive into the fascinating world of Fibonacci time cycles and how they relate to price action as the cycles reduce to zero. We will examine the current correction in the S&P 500 (SPX) index from the perspective of the 2008 lows and discuss the potential impact of interest rates and inflation on the market. By analyzing Fibonacci retracements...

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As a follow-up to my previous update on the rising wedge situation with Bitcoin, I'd like to share some new developments and provide some educational insights on trading within this pattern. BTC has now reached the top trendline for the third time, and if we're going to see a downward movement, it's likely to occur from this point. A rising wedge is a bearish...

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NOTE: Traders get trends and pivots wrong all the time. It's more important to know when you're wrong than it is to focus on being right all the time. Nobody is right all the time. It's about how you manage the trade when you're wrong. As a trader with an eye for market movements, I have been monitoring the NASDAQ, particularly the QQQ ETF, to better understand...

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I've had the opportunity to closely observe the crude oil market's impressive run after its historic dip into negative territory in 2020. To better understand the market's behavior, I've outlined a Fibonacci pull from the low in November 2020 to the high in March 2022. In this idea, I'll discuss the importance of support and resistance levels, as well as Fibonacci...

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The inverted head and shoulders (IH&S) pattern is a widely recognized technical chart formation that signals a potential reversal of a downtrend. This idea will analyze the recent price action of NVIDIA Corporation (NASDAQ: NVDA) stock and discuss the importance of risk management when price action reaches resistance after a substantial rise. Analyzing the IH&S...

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S&P 500 futures are currently experiencing a pause due to Fibonacci extension targets, with a possible further upside move towards the 4100 level. A short-term cool down period and pullback is expected before potentially heading higher into mid-week next week. Keep an eye on the VIX for potential moves. I noticed an interesting battle around Fibonacci levels at...

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As a cryptocurrency enthusiast and trader, I'm excited to share my technical analysis on Bitcoin and its potential movements this week. With the full moon approaching on Wednesday night, we may witness some increased volatility in the market. Although it may not necessarily set a new trend, I am confident that we will see some action in the days surrounding this...

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In my previous analysis of INJUSDT, I expressed my bullish outlook on the altcoin, anticipating a consolidation period followed by a push towards the 5.35 zone and eventually reaching 7.50. As we approach another area of resistance, I'd like to provide an update on the current situation, explore the importance of consolidation and breakout patterns in technical...

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Reflecting on the history of Bitcoin, I've observed that there have only been a few instances when the price dipped below the 55 exponential moving average (EMA) on the monthly timeframe. I remember back in January 2015, there was a tiny wick below the 55 EMA. Then, in January 2019, we experienced our first candle close below it. Fast forward to July 2022, and we...

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The S&P 500 Index (SPX) futures have recently deviated from prior expectations, exhibiting a lot of overlapping and corrective price action. This irregularity has led to uncertainty about the market's near-term direction. As we approach the end of the week, let's take a closer look at the anticipated trends and key levels to watch. Today's upward movement may...

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Ripple (XRP) has acquired significant attention from traders and investors recently, and it currently sits at a crucial point in its price action. I will analyze Ripple's recent performance and potential future scenarios from an Elliott Wave perspective. Additionally, I will discuss some of the factors that may influence Ripple's price, as well as its relationship...

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In the world of technical analysis, patterns play a crucial role in forecasting the future movements of a financial instrument. One such pattern is the leading diagonal, which can signify the start of a more extensive zig zag formation. In this article, I will delve into the recent price movements of the S&P 500 Index (SPX) and how a leading diagonal pattern has...

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This technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions. Inverted Head and Shoulders Pattern The inverted head and...

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I'd like to examine the recent performance of the S&P 500 Index (SPX) futures and provide a simplified analysis. I initially targeted the 3990 level for SPX futures, but the market fell slightly short of this target. It's still possible (and likely) that we could see a move down to this level (or 3970-3980) in the near future. The current market movement appears...