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Litecoin (LTC), imminent collapse to $30?And possibly below $10 after that? Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time: 1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more value. 2) XLM -90% 3) HBAR -95% 4) ADA -95% 5) NEO -95% 6) ETH -75% (massively bearish still!) 7) SOL -96% It is everywhere you look, 95% corrections are all over. Currently Litecoin is at an 85% correction. 95% takes price action to $15. Inflation adjusted, less than $10. The technical analysis also supports the outlook. On the above 10 day chart: a) A significant trend-line support has broken (orange line). Over the last 10 years Litecoin has enjoyed a continuous uptrend. The support has now failed AND confirmed. Yes price action could rally to $130-140, the bulls would get excited. Regardless, breaking this confirmed resistance will not be easy. b) The 2nd bear flag breakout. It has confirmed. A 70% correction from the exit point measures to $28. c) If support at $28 does not confirm, the next support is just under $10, the full 95% correction like everything else. Is it possible price action continues sideways? Sure. Is it probable? No. Ww
BINANCE:LTCUSD
by without_worries
503
Bitcoin Potential Bull Flag w/ $35K (91%) Gain on Valid Break!Here I have BITSTAMP:BTCUSD on the Daily Chart! 2024 has been an Exceptional Year for Bitcoin after its nearly 2 Year Monumental Recovery from the Nov. 2022 Low @ $15,512 to pushing price up past the 3 Year High of $69,000 on Nov. 10th 2021 to the now New 8 Month High @ $73,835 on Mar. 14th 2024! Fall '21/Summer '22 - Bitcoin is in a Declining Stage Fall '22/Summer '23 - Bitcoin is in an Accumulation Stage Fall '23/Spring '24 - Bitcoin is in a Advancing Stage Spring '24/Fall '24 - ( Distribution or Accumulation) ??? Fall '24/Summer '25 - ??? Currently, Bitcoin is exhibiting signs of a Potential Bull Flag with a Flagpole suggesting a potential 91.78% or $35,334.57 Gain with a Valid Bullish Break!! We can see Bitcoin has been in a Descending Channel since the Spring of 2024 came but Price Action has made a few key movements that I'd like to point out: - After traveling the Descending Channel from the Higher High @ $73,835.57, Price makes a False Break of the Channel that touches the Previous Level of Structures Higher High and makes a 38.2% Retracement of the Current Higher High and is immediately brought back up into the Channel. - Price continues to stay magnetized to the 200 EMA since its entered the Channel but Price seems to be trading Above it with ease in this Consolidation Zone. Now this current Channel or Consolidation Price has been in from this Summer '24 going into this Fall '24 can either be an Accumulation OR Distribution Stage, all based on if we get a Bullish or Bearish Break to this Channel and something tells me we are looking at a Potential Bull Flag in the Making with the potential to reach -Bullish Bias on BITSTAMP:BTCUSD Fundamentals: - BITSTAMP:BTCUSD has been gaining not only Domestic but Global traction with stories like El Salvador this year making Bitcoin its Official Currency! -Economics now accepting more transactions Crypto-wise showing honest Expansion and Integration into society -A lot of statistics show that people believe the USD may be looking at a downfall in the coming years and Crypto, specially BITSTAMP:BTCUSD potentially being a savior! People are not only fleeing to Commodities and Bonds when devaluation peers its head, but Crypto seems to start being another sector to look towards!
COINBASE:BTCUSDLong
by Novi_Fibonacci
China A50 Surges on Stimulus, Bull Flag Breakout PossibleThe China A50 index has surged following significant stimulus measures by the Chinese government and central bank. The price is currently consolidating in a bull flag pattern, with a potential breakout above 15,156 possibly driving the price as high as 15,540. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:CHINA50Long
by ThinkMarkets
Bitcoin_idea.exeBitcoin's price action continues to show a strong bullish trend. 4f 6e 20 46 72 69 64 61 79 2c 20 66 6f 6c 6c 6f 77 69 6e 67 20 74 68 65 20 72 65 6c 65 61 73 65 20 6f 66 20 74 68 65 20 4e 46 50 20 64 61 74 61 2c 20 42 69 74 63 6f 69 6e 20 65 78 70 65 72 69 65 6e 63 65 64 20 61 20 73 68 61 72 70 20 64 72 6f 70 2e 20 48 6f 77 65 76 65 72 2c 20 62 79 20 74 68 65 20 65 6e 64 20 6f 66 20 74 68 65 20 64 61 79 2c 20 74 68 65 20 70 72 69 63 65 20 66 61 69 6c 65 64 20 74 6f 20 67 61 69 6e 20 66 75 72 74 68 65 72 20 64 6f 77 6e 73 69 64 65 20 6d 6f 6d 65 6e 74 75 6d 2c 20 61 6e 64 20 69 6e 73 74 65 61 64 20 6f 66 20 63 6f 6e 74 69 6e 75 69 6e 67 20 6c 6f 77 65 72 20 74 6f 20 74 65 73 74 20 74 68 65 20 73 75 70 70 6f 72 74 20 6f 66 20 74 68 65 20 66 6c 61 67 20 66 6f 72 6d 61 74 69 6f 6e 20 28 77 68 65 72 65 20 42 69 74 63 6f 69 6e 20 68 61 73 20 62 65 65 6e 20 74 72 61 64 69 6e 67 20 66 6f 72 20 74 68 65 20 70 61 73 74 20 73 69 78 20 6d 6f 6e 74 68 73 29 2c 20 69 74 20 72 65 76 65 72 73 65 64 20 74 6f 20 74 68 65 20 75 70 73 69 64 65 2e
Long
by RetiredNovice
2
REEF/USDT: LONG SCALP SETUP!!Hey everyone! If you're enjoying this analysis, a thumbs up and a follow would be greatly appreciated! REEF looks good here. Breaks out from the bull flag like structure and currently, retesting the flag. Long some here and add more in the dip. Entry range:- $0.0051-$0.0053 Targets:- $0.0058/$0.0064/$0.0069/$0.0073 SL:- $0.00482 Lev:- 5x What are your thoughts on REEF's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Long
by CoreCrypto1
2
BAC Major Trend Break + Bear FlagBAC recently broke below its major uptrend from the 2023 low. It's been consolidating below and forming a a bear flag. On top of bad technicals, Buffet is unloading his stake like there is no tomorrow. The balance sheet looks horrible as well. These are not reasons to buy short dated puts. This is one you'll want to let play out over time. Either way, if it does break below this bear flag we should see continuation down to the prior swing low around 35. Next target after that would be the flag pole target and 2021 lows which is also a psychological number around 30. That would be a huge drop if it gets there, it would take some time most likely. If it can't hold there, final long term target is going to be the 2023 low around 25 for me. My targets turned out to be about every 5 dollars down, interesting and that makes it it pretty easy to follow as well.
NYSE:BACShort
by AdvancedPlays
6
MSFT, GS: Bull Flags in Blue Chips?Some major stocks have done little as the broader market hits new highs. Today’s idea considers two members of the Dow Jones Industrial Average where some traders may see potential upside signals: Microsoft NASDAQ:MSFT and Goldman Sachs NYSE:GS . The first pattern on both is the tight pullbacks after rallies. Those may be viewed as bull-flag continuation patterns. Next, both are trying to hold above recent weekly highs. Is old resistance becoming new support? Third, rising MACD on each chart could indicate bullishness in the short term. They’re also above their rising 21-day exponential moving averages. Finally, inside days this week may suggest that near-term weakness is fading as a new month and quarter approach. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MSFT
by TradeStation
Bitcoin — Be Bullish But PatientBitcoin is starting to look quite bullish. On lower time frames we have an uptrend. Higher highs and higher lows: Also inverse head and shoulders. For my brain it's easier to see it on an upside-down chart: On the higher time frame we're still in a consolidation though. It is important to be ready for more sideways movement and short-term swings. Or we can get a breakout in just a few days. Who knows? 69K is currently the most important resistance and, once broken, is likely to become a point of no return.
INDEX:BTCUSDLong
by function_mechanic