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TOTAL cryptocap chart about to complete the handle on its c&h We can see price action is breaking up fro a bullflag that has a target of 3.33 trillion. In doing so we should also validate the breakout of the cup and handle pattern which will give ita breakout target around 4.6 trillion or so. Price action is currently very close to retesting the green rimline of the cup and handle pattern and completing the handle. If we were to look at the daily, this pupcoincided precisely with the daily chart’s recent golden cross(not shown here) *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Is Ethereum Poised to Reach $3,200? Analyzing the Bullish Moment Ethereum, the second-largest cryptocurrency by market capitalization, is showing strong signs of bullish momentum, with analysts predicting a potential breakout to $3,200. This optimistic outlook is fueled by a combination of factors, including positive inflows into Ethereum ETFs and a broader bullish sentiment in the cryptocurrency market. The Impact of ETH ETF Inflows The recent influx of capital into Ethereum ETFs has significantly boosted the cryptocurrency's price. As institutional investors gain easier access to Ethereum through ETFs, demand for the underlying asset is likely to increase. This increased demand can drive the price of Ethereum higher, potentially pushing it towards the $3,200 level. Bitcoin's Influence on Ethereum Bitcoin's price performance often has a significant impact on the broader cryptocurrency market, including Ethereum. As Bitcoin continues to rally and approaches the $100,000 mark, it could create a positive sentiment that spills over to other cryptocurrencies, including Ethereum. Technical Analysis: A Bullish Outlook Technical analysis suggests that Ethereum is currently in a strong uptrend. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling bullish momentum. Additionally, the formation of bullish chart patterns, such as a rising wedge or a bullish flag, further supports the potential for a significant price increase. Challenges and Risks While the outlook for Ethereum appears bullish, it is essential to acknowledge the potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of Ethereum. • Network Congestion: As the number of users and transactions on the Ethereum network increases, network congestion and high transaction fees could become a concern. Conclusion Ethereum's strong fundamentals, coupled with positive market sentiment and technical indicators, point to a potential breakout towards the $3,200 level. However, investors should approach the cryptocurrency market with caution and be prepared for potential volatility. By staying informed and conducting thorough research, investors can make informed decisions and maximize their potential returns.
COINBASE:ETHUSDLong
by bryandowningqln
Is It Too Late to Invest in Bitcoin? A Comprehensive Analysis Bitcoin, the world's largest cryptocurrency, has once again defied expectations, reaching a new all-time high of nearly $77,000. This latest surge has ignited a wave of excitement and speculation within the crypto community. While some analysts warn of potential risks, others remain bullish on Bitcoin's long-term prospects. A Bullish Outlook It is believed that the recent price surge is driven by a combination of factors, including increasing institutional adoption, growing global interest, and the potential for further price appreciation. The Role of Institutional Investors One of the key drivers behind Bitcoin's bull run is the growing interest from institutional investors. Traditional financial institutions, such as hedge funds, pension funds, and corporations, are increasingly allocating a portion of their portfolios to cryptocurrencies. This institutional adoption has brought significant capital inflows to the crypto market, fueling price increases. Technical Analysis: A Bullish Perspective Technical analysts have identified several bullish indicators that suggest Bitcoin may continue its upward trajectory. The recent breakout above key resistance levels and the formation of a bullish flag pattern are positive signs for the cryptocurrency. However, it is important to note that technical analysis is not foolproof, and market conditions can change rapidly. Potential Risks and Challenges While the current market sentiment is overwhelmingly bullish, it is essential to acknowledge the potential risks and challenges facing Bitcoin. One of the primary concerns is the potential for a market correction, which could lead to significant price declines. Additionally, increased regulatory scrutiny and geopolitical tensions could also impact the cryptocurrency market. The Future of Bitcoin As Bitcoin continues to break new records, the future of the cryptocurrency remains uncertain. However, the long-term potential of Bitcoin as a store of value and a medium of exchange is undeniable. As the global financial landscape evolves, Bitcoin's role as a digital asset could become increasingly significant. Conclusion Bitcoin's recent price surge has captured the attention of investors and traders worldwide. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As institutional adoption continues to grow and technological advancements drive innovation, Bitcoin's potential for further appreciation is significant. However, investors should approach the market with caution and be prepared for potential volatility. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets. 1) The inverse head & shoulders to end the bear market 2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart. 3) A small sideways flag 4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves. As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart. Another tool in your toolbox.
INDEX:BTCUSDLong
by BallaJi
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Cup & handle and Bullflag have much higher target on logchartHere on the monthly logarithmic chart we can see both the cup and handle and the bull flag that Bitcoin is starting to break upwards from. Both of these patterns are also very much so valid on the linear chart as well, but as usual, the logarithmic version of these patterns has a much higher ensured move target for their breakouts. While there’s a probability we could hit these higher logarithmic targets during this bull ru, often times the logchart patterns take considerably longer to hit their full targets than the linear charts patterns, so there’s also a chance these targets especially the higher cup and handle target could not get hit until next bull run as well. I will go ahead and follow this chart up with the linear version so people can see the contrast between the breakout targets on both styles of chart. Much higher probability we can hit both of these patterns linear chart targets this bull run. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
LINK | The flag to end all flags. 100% GAINThis idea is straightforward and builds on previous analyses. Chainlink (LINK) has been consolidating within a bull flag pattern for nearly nine months, recently confirming major support levels established during the bear market. As observed with several other altcoins, LINK is retesting the upper range of its bear market accumulation levels while maintaining a robust market structure. It's been several weeks since LINK last touched the $8.15 mark, further demonstrating its resilience within the flag. Provided LINK holds its trendline support within this formation, I believe it presents a strong opportunity for portfolio inclusion at this time.
Long
by MilkLover69
MOSCHIP:BSE Bullish FLAG & POLE BO WTF POSITIONALMOSCHIP:BSE Stock Analysis Trade Plan: Entry: 50% of the total quantity 254 DTF Close, with an additional 50% added at 279 DTF Close Price. Stop Loss: 215 Target 1: 451 Target 2: 519 Hold for a period of 6 months to One year or until the target 2 is reached. Chart Pattern: The stock experienced a 3-month streak to touch an all-time high (ATH) of 326 Subsequently, it retraced in 5M time to a 50% Fibonacci retracement level, forming a bullish flag pattern. Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA below the 50D EMA. This indicates a transitional phase of alignment in the stock’s EMA indicators. A potential bullish trend in formation on the DTF/WTF timeframe. The Trend Based FIBO Extension shows a Bounce from the 50% Level, The Sock will shortly breakout of the Bullish Flag Pattern. Additionally, the current price is below the 38.2% Fibonacci retracement leve l. This level could serve as a potential entry point for investors, depending on their risk tolerance. More cautious investors might consider entering above the retracement level. Volume Analysis: There has been an Drying up of Volumes on the Sell side for a Quarter now. There is Buying in the past 4Weeks but below the 20VMA.. Wait for Breakout and Retest to take Entry Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Exit positions when the price drops 7-8% below your entry point. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: - Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. - Chart Patterns: All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout Close (BO): A price move above or below a resistance or support level. - Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. - Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during retracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions. - Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Additional Concepts: - Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. - Swing Trade: A trading strategy that involves holding positions for a significant period, typically several weeks to months. - Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
BSE:MOSCHIPLong
by billpramod
BTC, everybody knows about the bullflagHello everyone, today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation. I added some support levels (orange) and a trend line (green) to the chart. If you like to follow my thoughts I will talk about the development of the price action within that bull flag in the upcoming weeks.
COINBASE:BTCUSDLong
by Kyrean
3
Is the Finnish Bank OmaSp about to collapse?The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were: 1) Strong bond market exposure. AND 2) Same TA as above. “OmaSp has been active in the bond market since 2013” says their website. Very true.. Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get: www.omasp.fi “Unfortunately the webpage you were looking for can not be found” Oh dear… Ww Type: Trade, short Risk: <=3% Timeframe: Candles closing at 19 and under. 10-day Silicon Valley Bank before after 10-day Signature Bank before after
OMXHEX:OMASP
by without_worries
48
Bitcoin will trap everyone! 78k then 20% crash! (must see)Bitcoin is currently very bullish; that's clearly visible and soon will hit a new all time high. That's exactly the point where a lot of people will start buying with the belief of going to 100k - 130k. But you may know that Bitcoin is under extreme manipulation by BlackRock and other institutions. This is not a stock market, so they will not let Bitcoin go up, and instead they will trigger a massive crash back to 63k. Nobody likes Blackrock, but it's how it is. So what is the plan? First, I expect Bitcoin to go up and reach 78k. Then, when everyone buys, the price will crash to 63k. Do not forget that we also need to see a successful retest of the bullish flag. There is no retest yet. Bitcoin needs to confirm this uptrend, so do not FOMO in. I have been bullish since 60k or so, and I predicted the majority of Bitcoin movements in past months. Why is 63k important? We have a 200 daily moving average and FVG (Fair Value GAP) around this level. Also, the RSI indicator is starting to be overbought; you want to buy low when everyone is bearish. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
162