Seasonality
Bch MACRO VIEWBecause price finally managed to close above 200$, BCH can no easily retest 230$. Only after price manages to liquidate that intermediary high and then mitigate the remaining orders above it, we will get the confirmation needed for price to continue to go towards 33$ and then 450-500$. Make sure to watch the video in depth, as I explain important cyclical movements that are already occurring on BCH's chart.
BTC LONG TERM VIEWBTC can still drop from here, especially if price continues to trade below 29k by the end of this month. As long as price trades above 26.5k, BTC can continue to go up and fill the current imbalance left on the 3 day and weekly chart towards 28.5k. Bearish chances are small from here, but if price breaks below 25.5k, then we could see a potential liquidation of those current lows from 25k. Overall BTC will become very bullish once the orders from 29k are exhausted and price breaks and closes above that level. 38k is the main target after that, but until then, we need more data from the higher timeframe charts.
Let's go to the Moon!As the halving for Bitcoin approches in April 2024, I am expecting a fast approach to all time highs around end of Nov-Dec of 2024. Bitcoin remains the #1 Cryptocurrency and will be here for time to come. Using the 2020 Bull and Bust Trend, the Ghost Candles mark the path. I do not believe there will be a 2024 Bitcoin Crash as it is getting harder and harder to get more Bitcoin for your moneys worth as price increases on a rapid pace if people feel FOMO. There is a forbes article "Here’s What Caused Bitcoin’s ‘Extreme’ Price Plunge" and from what I read it was due to a Bitmex outage based on being knocked offline. I believe that Futures price shouldnt matter because if you actually hold your Bitcoin in your wallet, price on for Futures shouldnt matter and when you get liquadated on Bitmex, your Bitcoin only goes from your hand to another persons hand. One persons Loss is anothers Gain. I am also 10,000 Matic Tokens to see if I get lucky on the next bullrun, just as a side bet on the altcoin. Bitcoin should be your number one Cryptocurrency holding. Let's go to the Moon!
UK100 Bullish SeptemberDaily chart of UK100 is expected to Break up weekly resistance and trendline to follow a Bullish September Seasonal behaviour. Take Long positions after retest and new orderblock formation
Dow theory HHs HLs: Bullish
Candlestick Pattern : Bullish forming three soldiers
Support &Resistance: Orange line formed on Weekly chark
Trendline: Resistance approaching expected to breakup
Fibonacci: Bullish Touched 50% on daily
Seasonals: Bullish
Divergence: Bullish on 4hr
Pattern: Bullish Penant on Daily
New Egg Hatching?We have identified a zone of support and resistance on New Egg (NEGG), an e-commerce platform we visit when building computers. According to Nick Shawn, a popular trader on YouTube, support and resistance zones are merely a location that is convenient for setting up a risk vs reward structure. Since there is no guarantee. Price could go either way. Zones help him decide if, when, or where to place a trade. It is only a strategic place to make decisions about how to manage a trade in advance. How you attend to the trade is up to you, whether it's buy & hold, day trading, or swing. Nobody knows the future. He is not a financial advisor. We are not financial advisors. You will probably lose money. Managing risk is how traders make profit targets and avoid losing too much.
We are not recommending anything! The risk/reward structure is determined in advance, before placing a trade, using the long or short position tool. You decide how much, if anything, to risk. And apply your own back-tested strategy for managing outcomes.
That said, we have identified this zone, also called an order block zone. And we will be using an order block management strategy for this. Or possibly look for a double bottom. We have a long bias on New Egg from using the website to price components. The price closed 5% above the all-time low of $1. Which we think is a key value for penny stocks. And there has been some positive volume in the past few months. So maybe more of that will arrive. But e-commerce is a tough business. We could all just suddenly stop shopping online and take up local manufacturing and goat herding instead, because of the high demand for local, off-grid products. And the universe could start collapsing tomorrow into a giant egg because of a new and undiscovered property of physics.
BLUESTARCO is ready to breakout. 1. Blue star formed the flag pattern and ready to breakout.
2. In this sector Voltas, HAVELLS, POLYCAB, WHIRLPOOLS started performing Good.
3. Festive season may capture some revenues addition along with its peers.
4. reality sector boom also may capture some revenue.
BCH CONTINUATIONIf price closes above 200$ on the current 3 day candle, we can see a continuation towards 22$, but I tend to see only a small bullish continuation to 220 and then a strong bearish push towards 150. Only if price breaks above 230$ on the weekly timeframe, we can see strong bullish continuations towards 320 and 450$. A break below 190 from here already could make price drop towards 150$, but it would be pretty dangerous to trade from that level, as BCH could easily reverse and trade back inside 200-220 area.
BTC parallel channels and BTC Next HalvingWe added 4 ascending colored parallel channels in this chart for BTC, with the current BTC price near the middle of its lower channel, ATH and curent Bear Market Low lines and intersections of Low and High channels lines at the moment of the Next Halving at April 26, 2024 at 04:35:51 AM UTC.