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2024

BTC - Christmas Theme Analysis 🎄Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. I hope you enjoy this Christmas Theme Idea. After acquiring the 🎁Gifts at 16,000 and breaking above the 🎄Christmas Tree neckline resistance at 30,000, 🎅Santa Claus has been heading North towards the previous all-time-high ⭐️Star. 📈 BTC is approaching the 48,000 - 50,000 resistance / supply zone. For the bulls to remain in control and push towards the all-time high, a break above the 50,000 level is required. 📉 Meanwhile, there is still a possibility that BTC may reject the 48,000 resistance and undergo one more bearish correction, reaching the 30,000 - 32,000 support before the next upward impulse begins. Which scenario do you think is more likely to happen first? Why and when? 📚 Always adhere to your trading plan, including entry points, risk management, and trade management. Good luck! Merry Christmas, Everyone! 🎄 ~Richard Nasr
by TheSignalyst
100
BTC - Stuck Inside A Range, Again ❗️Hello TradingView Family / Fellow Traders, BTC has been hovering within a range , taking the form of a symmetrical triangle. 📈 If the triangle breaks to the upside , confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000. 📉 Conversely , as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle. For now, we wait! ⏱ Which scenario do you think is more likely to happen, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
Bitcoin(BTC): $40K Psychological Resistance Is Like A MagnetBitcoin's monthly timeframe reveals cautious growth as we approach the psychological $40K resistance zone. We still wait and want to see that the pre-halving period will show us some downward movement (historically, last time we had a similar setup, prices dropped 60% of the market price). What we are going to do right now is monitor the price action near the $40K zone and see if we will secure it within the monthly timeframe or if we will see a nice rejection! But If $40K won't show any strong rejection but more of a small rejection, then the price might just as well pass this $40K zone and move to the upper zones. So as of now, we are still seeing and waning for some kind of weakness near the $40K zone and a first correction to happen towards the $32K zone. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
3
Bitcoin patterns and cyclesHere's a post not many people will like! But as a professional trader of over 23 years now, I can say, one does not stay in the game this long without learning a thing or two. This year I started my Christmas break a little early wound down and been enjoying some hobbies and movies. Last night I watched the film called Dumb money, it emphasised the retail mindset so much! That convinced me to write this little post. People confuse being bearish with being anti crypto, anti Bitcoin. This could not be further from the truth. I have been VERY fortunate in terms of Bitcoin and Crypto for that matter. First entering a punt position in 2011. Needless to say, I am still profitable ;-) So what does get to me, is the little knowledge retail posses. There was a scene in the movie that highlighted just how the big boys win, but it wasn't just this scene where the Fund Manager calls his buddie - the buddie says, "how much you need, never mind the number, I'll do it" Yet, it wasn't even this that got me to write this post. It was the sheer fact that all the way through - the "dumb money" was searching for a signal, using terms like diamond hands and so on. What clicked for me, was whilst of course - holding my Bitcoin I bought in 2011 would be immense when it tops $250,000 or even $1million. The real question should be - when is enough, enough? It's this that separates us pro's and the dumb money. Back in 2021 on the run up - I shared this post about the re-accumulation phase. It was here the first clues to institutional money became apparent. Then the move from the major high back to 28 was obvious. The move back to the current ATH also the same. The way back to the bottom - the same. The issue then was - Personally, I wanted this to be early accumulation. I was wrong! It was and still is much earlier than I anticipated! (maybe I would have liked) Why, well, I still hold Bitcoin and don't short it. I believe in the future and once it's fully regulated and controlled, there's no stopping it becoming the digital gold standard for sure! So, where I was wrong - I really wanted the move up to be 30-32k to give a textbook move up for an ST down, collect liquidity and go. We then proceeded to go up without grabbing that extra liquidity. The issue therefor, is a simple one. We need to secure that just like filling a car for a long road trip. I shared this as a concern in September last year. Whilst secretly praying it wouldn't play out like this. Unfortunately - it's exactly what we did ... Now I scrap the early stage accumulation in favour for still being negative sentiment. Yup, we are simply not ready for the power play up. Blackrock WILL NOT be bag carries for retail and that I am certain. Now, here is the logic. Summary view Step one: Take a look at the momentum and volume when moving impulsively. Then the nested 0-1 move inside the larger up move. Look at what happened when we really made some headway. Now, as the tides turned - what did we see? This was clear as day, we built momentum to the downside as we saw aggressive RED candles. This might make it easier to spot the difference? I've shared my concerns on the monthly stochastic. Which then brings me back to "What I didn't want to happen" After watching the movie last night, this thing is going to shake out the weak whilst the pro's enjoy the discounts again. Value areas have not changed much for me since the re-accumulation up first major ATH above 60k. Anyways - just wanted to share this. Stay safe, enjoy the Holidays! Wish you all a Happy New Year! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
21
BTC - For Now, We Wait ⏱Hello TradingView Family / Fellow Traders, Based on my recent BTC analysis (attached on the chart), we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the channel and the 40,000 round number. Now, what's next? 📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 43,550. In this case, a movement to the 48,000 resistance would be expected. 📉 Meanwhile , BTC would be stuck inside a range, but the bulls will remain in control as long as the 40,000 level holds. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
16
Analysis of CVS Stock Trends: A Parabolic Turn on the HorizonFashionable Analysis of CVS Stock Trends: A Parabolic Turn on the Horizon Introduction: In the realm of financial fashion, CVS stock is set to make a stylish entrance with a parabolic turn, showcasing a strong formation on the 4D timeframe. This trend is marked by the elegant falling wedge pattern and the chic double bottom overlapping patterns, following a dose of impactful news related to drug patents. Technical Analysis - CVS Stock: The 4D timeframe reveals the graceful formation of a falling wedge pattern, signifying a poised parabolic turn in CVS stock. This pattern, complemented by double bottom overlapping formations, is a testament to the stock's resilience, especially against the backdrop of recent drug patent news highlighted on CNBC ( www.cnbc.com ). Price Targets and Corrections: The first take profit target stands confidently at $76.78, offering investors a lucrative moment to capitalize on the impending parabolic turn. Following this peak, a correction to approximately $71.07 is expected, providing a brief pause for market adjustments. Strategic Entry and Second Take Profit Target: Wise investors can strategically enter the market around $71.07, anticipating a second take profit target at a stylish $82.44. This forecasted move aligns with the rhythm of the stock's recent patterns, emphasizing the importance of timing in the world of financial fashion. Historical Elegance: Tracing CVS stock's journey since April 2019, a period marking the middle of the pandemic, unveils a remarkable rally. The stock gracefully formed a strong falling wedge pattern on the 4Day timeframe, echoing a sense of resilience and adaptability. The rally continued, reaching its peak around February 01, 2022, before gracefully correcting until October 25, 2023. Future Projections: As the music of the market plays on, further continuation of this trend is expected. The forecasted trajectory anticipates a new level of elegance for CVS stock by the end of 2024, reaching a poised $106.97. This future projection exudes confidence and sets the stage for CVS to make a bold statement in the financial fashion world. In the intricate dance of stocks and patterns, CVS is poised to captivate investors with its upcoming parabolic turn and a tale of resilience, gracefully crafted on the canvas of market trends.
NYSE:CVSLong
by wikitrades
EU 30Y Bond Yield to extend further into 2008 high in 2024Economic Policy needs to remain restrictive or should tighten further, until clear signs of easing inflationary conditions are available. Technicals Favor: Strong yearly candle Favor: Strong M BiMS Favor: M BiMS after ATL Favor: Multiple BSL Levels higher Currently at 10Y High Expectation Downside Retracement Targets (careful Short Term) 1 - 2.057% (Y SIBI Inverted) - 95% Certainty 2 - 1.625% (Target (already traded to)) - 75% Certainty 3 - 1.330% (MT Recent Upswing based on Y H to L) - 65% Certainty 4 - 1.149% (MT Recent Upswing based on Y Bodies) - 55% Certainty 5 - 1% (Beginning of Grind upwards) - 25% Certainty Upside Targets (After Downside) 1 - 3.160% - Y 2023 High - 95% Certainty 2 - 4.915% - 85% Certainty 3 - 5.738% ( Fib 1.618 Extension) - 65% Certainty 4 - 6.258% (23Y High) - 35% Certainty
TVC:EU30YLong
by FXCytech
BTC - Good Signs for 2024 already 🏆Hello TradingView Family / Fellow Traders, 🏹 Based on my earlier BTC analysis (as shown in the attached chart), we have been anticipating a breakout from the triangle pattern, which is crucial in determining the market sentiment for the rest of the year. Last week, BTC successfully breached the triangle pattern to the upside, signaling a shift in momentum as the bulls gained control and pushed the price beyond 40,000. 📈 Currently, the next significant resistance level is expected around 43,350. If this level is surpassed to the upside, we can anticipate further bullish movement with a potential target near the 48,000 mark. The bullish trend will likely persist as long as the last H4 low remains unbroken to the downside. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
Bitcoin (BTC) - About 150 Days Before HALVING (Update)Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers. History's got a way of repeating itself, and if we're reading the patterns right, we could be in for a pre-Halving shakeout. We've seen the FUD and the euphoric pushes, but remember, it's the calm traders who survive the storm. So, we're watching that $40K psychological resistance for any potential touches there, but overall, our aim is still the lower zones (more near $26-32K, if not the lover) before the halving. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
16
Gone are the days of passive investing, but...Gone are the days of passive investing, but mid-term trading could be the solution. The term passive investing was first made famous by Warren Buffet, who once said, 'If I like a stock, I will hold it forever.' However, in recent years, he has been seen cutting losses on his wrong decisions and taking profits when he finds the time is right. The dynamic of the markets have changed, and he has adapted to them. Technical Reasons - From the chart, it's clear that the days of passive investing are behind us. We can refer to the Dow Jones or S&P Index; they provide similar readings as Nasdaq, although Nasdaq has a shorter history. Since the beginning of 2022, the great volatility started with a year of bearishness. In my opinion, this could be a start of a long-term bear. What we are seeing in 2023 rally, possibly a bear retracement. Let’s support my analysis with the fundamental factors. 3 Fundamental Reasons – • Why did the decades of long-term growth, forming a linear bull market, come to an end at the beginning of 2022? This is because it marks the beginning of long-term inflationary pressure that we all have to contend with. To counter inflation, one of the most effective measures is to raise interest rates. As we all know, higher interest rates bring challenges to businesses and stock markets. Please take note of the timing. Inflation first exceeded 2% in April 2021, and since then, it has been on an upward trend, something unprecedented in the last 40 years. However, the Federal Reserve only began raising interest rates in March 2022, while the markets peaked at the beginning of 2022. Consumer Price Index Feb 21 1.68% Mar 21 2.66% Apr 21 4.15% May 21 4.94% Jun 21 5.34% Jul 21 5.27% Aug 21 5.21% Sep 21 5.39% Oct 21 6.24% Nov 21 6.83% Dec 21 7.10% Jan 22 7.53% Feb 22 7.91% Mar 22 8.56% Apr 22 8.22% May 22 8.52% Jun 22 9.00% • Why did the market turn bullish in 2023. Many attribute the rally to AI, but it goes beyond that. By the end of 2022, the market was still hovering around its lowest point. However, as seen in the inflation numbers below, there was a gradual decline from 9% in June 2022 to 6.5% in December 2022, creating a divergence between this positive news and the market's performance. At that point, I was preparing for a bear rebound or retracement. Of course, the inflation number continued its decline to 3.2% in October 2023, and the rally has continued until now. Continue Price Index Jun 22 9.00% Jul 22 8.50% Aug 22 8.30% Sep 22 8.20% Oct 22 7.70% Nov 22 7.10% Dec 22 6.50% • Why have the days of passive investing come to an end? Unless inflation can back down to 2% in a sustained manner, we should expect to see much more volatile markets in many years to come. Traders welcome volatility but not investors. There are reasons why back down to 2% in a sustained manner is unlikely to happen. Please leave me a comment, I hope to exchanges ideas with you. E-mini Nasdaq Futures and Options: Minimum fluctuation 0.25 index points = $5.00 Code: NQ Micro E-mini Nasdaq and Options: Minimum fluctuation 0.25 index points = $0.50 Code: MNQ Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Short
by konhow
Bitcoin - Back Inside The Range? 📦Hello TradingView Family / Fellow Traders, 📌 on Weekly: Left Chart As per my last analysis, BTC is still hovering around the 38,000 - 40,000 resistance zone. 🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level. 📌 on H4: Left Chart Meanwhile, considering BTC's proximity to a resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 30,000 to 32,000 range. 📉 To trigger the bearish scenario, a break below the last significant low in red at 35,670 is required. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURUSD Outlook 2023/2024 The FOREXCOM:EURUSD has been mitigating the price zone of 1.12147 and 1.17122 since 2015, and had a rejection move from the zone on July. On the 1W Time Frame: 1. Price did a change of character 2. Price tapped the 0.618 premium zone There are 3 things that can happen 1. Price rejects the premium zone and pushes down 2. Price enters a more premium zone, then pushes down 3. Price breaks the structure high and pushes up This is the overall outlook for FOREXCOM:EURUSD , check out some trading ideas that I have on my profile.
by FX_Apprenticeship
When to sell MRF (Madras Rubber Factory)Namaste! MRF is the biggest valued stock (INR) in India. It's price is around half the nominal GDP per capita (2022) of India. It seems overvalued to me. You see, retail individuals cause the volatility (rapidly falling prices). Retail individuals react overwhelmingly and quickly to emotions and they cause the volatility (rapidly falling prices). But due to insanely INR price of MRF, it surely has kept away retail people. This costly stock would have been mostly attracted sensible big pocket individuals and financial institutions. But now I think it is a good time to book profits in MRF Ltd (at Rs 1,10,000). Following are the reasons: 1. Most of the worlds' central banks increased interest rates at very fast pace. RBI didn't increase as rapidly because they wanted growth. Many companies reported record profits due to cheap credit in India. 2. RBI increasing rates in the year 2024: You see, GDP growth was an important factor to the current ruling party because history has taught that the government which didn't increased GDP growth figures during their ruling tenure, has lost the following elections in India. So, it has been greatly paid attention to increase GDP growth percentage, of course at the cost of inflation . 3. Coming recession in the year 2024 (personal assumption) . 4. Slight uncertainty in the economy due to 2024 election. 5. India got a good hype due to moving production from China to India. It caused the Indian stock market (Nifty50) to not fall as much as their global peers . I wouldn't say it isn't possible, but it would take longer time period than the market is pricing in. 6. My bearish instinct . I do not own and/or planning to own any shares or position in the stock. Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.
NSE:MRFShort
by UnknownUnicorn7637383
1
S&P closes low, but is this the end to it?Stock Market Update: S&P Shows Low Movement, But Advancements Expected The $S&P500 index exhibited low movement today, initially dipping -0.20% but quickly regaining ground to close with a slight negative of -0.1%. The market's resilience in maintaining and even advancing current price levels is surprising. In the short term (1-2 months), there's a higher probability of further advancement towards the 4553-4570 range, provided support is held above the daily resistance level of 4523. NASDAQ:NVDA Nvidia's strong earnings report, released after market close, reinforces the likelihood of an upward move. Nvidia, along with Tesla, collectively accounts for nearly 70% of the S&P's daily trading volume. The recent slump in the Wholesale industry may discourage investors with a 3+ month investment horizon. However, for shorter-term investors (1-2 months), the upcoming Black Friday and Holiday season could lead to unexpectedly strong performance from other retail companies.
BLACKBULL:SPX500
by Kim_CLSPX