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Silver to $50On the above monthly chart Silver has corrected over 35% since the year began. A number of reasons now exist to begin accumulation. Why? 1) A ‘incredible buy’ signal prints. See weekly chart below. Not since September 2018 has such a strong signal like this printed. 2) A strong Dragonfly DOJI candle printed with the close of July. This told us $18 was very strong support. 3) Price action is printing within a bull flag. It could be another year before a breakout is seen, however, long positions opened between $18 and $20 should see great returns with the Bull flag Flagpole measuring out at $50. 4) Lastly the monthly Gaussian Channel (below), which has recently changed to green. Prior to publishing this idea confirmation of support on the medium line as in 2009 was required. Is it possible price action falls further? For sure. Is it probable? No. Ww Type: trade, <$20 is fantastic Risk: <=6% of portfolio Timeframe: 1 - 2 years Return: $50 then $150 if $50 becomes support Weekly chart Monthly Gaussian channel
TVC:SILVERLong
by without_worries
42
Bitcoin - Ultimate bottom will be here, but now 13% crash!The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market.  What can we expect from Bitcoin in the following weeks? I am expecting a 13% crash because we need to hit the major red trendline on the daily chart. This trendline should hold the price of Bitcoin to the end of the bull market, so you want to buy every touch of it! We also have a 200-daily moving average that is currently pretty much at the same price as the mentioned trendline. The 200-MA is considered a strong dynamic support or resistance from huge institutions and hedge funds, so you definitely want to keep an eye on it.  The price of Bitcoin is inside the bullish flag pattern, as you can see on the chart. This is a pretty strong confluence with the trendline to buy cheaper Bitcoin. Right now, I am bearish and expecting lower prices in the next few days and weeks. The bulls still need to show more strength before I can turn bullish. The best option seems to be to be patient and buy at the touch of the major red trendline! You can also place a high-leverage trade here if you trade futures. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
29
PEPE/USDT: Bull Flag Breakout and Retest, Market Entry NowPEPE/USDT has completed a bullish flag pattern with a breakout and successful retest. The setup suggests strong upward potential, and we're entering the market immediately to capitalize on this momentum. Aiming for a test of the recent high with a risk/reward ratio of 1:2, this trade leverages the current bullish sentiment. With the breakout and retest affirming buyer strength, now is an ideal time to engage for potential gains. Act swiftly to harness the unfolding uptrend.
Long
by IamForexTrader_com
Cautiously Long on BitcoinWe have been following the dotted line downward for 34 days and although in the last few it seemed like it was going to break it and go test the upper part of the larger triangle formation, it did not and instead we have just gone back under the dotted line in an even slower pace. If we take a look at the BTCUSDT liquidation heatmap from Coinglass with the lowest available frequency of 12 hours, there is a cluster of roughly FWB:30M + between the prices of $60.2-60.45K and I definitely would not be surprised for a swipe under that into the region of $58-59K (where the smiley faces are). However, if we zoom out the heatmap frequency, we'll see that there is much more liquidation leverage above the current price than below, so there may not enough retail players going long for the whales to flush at the moment. After a swipe down, I don't see a reason why we don't go up to test the upper range of that triangle formation. Also, The top three stablecoin dominance combined chart is still following a nearly intact downtrend since September of 2023. In my opinion, this LONG position would be invalidated if we break under the bull market support bands (blue and dark blue lines) onto a new low in the $55K range. At that point I would look to buy a little cheaper in the low $52-53K range. Although macro sentiment going into the summer doesn't seem very good, I don't think it'll be as bad as some are saying any time soon.
INDEX:BTCUSDLong
by houseofcarle
WFC 5/13/2023WFC WFC looking more like KFC to the bears. If you look at many of our banks and their stock charts, they have doe nothing but move sideways since the crash of ‘07-’09. Now about 15 years later, it looks like its time for the bears to finish off most of these banks and what we’ve known as our banking system. Was it a coincidence that Bitcoin was created 2008 mid-way thru the last collapse? Time to start putting one and two together. Daily chart analysis WTC was comfortably moving sideways between 44.50 - 58.60 between 2015-2020. Covid happened and price was shot all the way down to major support level at 23.70. A ton of fake money was printed during Covid and that helped price shoot back up and back into the previous range. After price reached the highs of 58.60, it was shot down and was unable to hold support level of 44.50. As price fell below support, it pulled back inform of a bear flag. Price has since broken down from bear flag resistance level. The bear flag was confirmed, and price is looks to enter downtrend. Price also pulled back to turn previous support into resistance. This is my cue to enter trade short. Entering trade short. Entry: 37.49 Stoploss: 43.40 (-15.76%) Target: 23.70 (+36.78%), 2.33 RR Ratio
NYSE:WFCShort
by rudcharts
2