Chart Patterns
Bitcoin following 2013-2017 ATH Fractal UPDATE
Welcome to the latest update
I have been posting this idea for a long time now and it is still playing out and I am so pleased to see some respected Crypto people now saying the same.
To recap
Bitcoin Fractal anchored at the 2021 Nov ATH - some people do not like to use that ATH as a real one as there are many reason why they consider it a False one...But I use it as most BTC ATH are in End of year months and it was very simply THE ATH of that cycle. It was the highest point.
And as you can see, Current PA has followed it (all be it with a certain tolerance of error)
The 2022 period was hard for BTC as we know and so the PA was driven lower but Still survived.
We can also see how it took some time for confidence to return fully but.. Here we are now, since Q3 2023, following it again Spot on.
And if we are going to continue to do this, we need that -30% Pull back as seen on the Fractel. And we do need it.
Weekly MACD is currently turning Bearish and if we want to get to a new ATH in 2025, that MACD needs to be coming off Neutral at best.
Should PA Avoid that pullback, and Range for 6 months again, it will begin to fall under the fractel. I am not sure if that is OK or not but given that we have been Above it since Jan 2023, It is not something that would give me confidence.
So, for me, I am cautious, waiting / hoping for a Drop that would be swiftly bought back up
BUY THE DIP
But then, there will come a day where we no longer follow that Fractel because, as Fantastic as it would be to follow to the top and Get a $1.3 Million BTC, I do not think it is something we should expect just yet
But then, This IS Bitcoin
Anything can happen
Be safe
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd.
📎Chart Pattern: Ascending channel with a recent pullback.
✅Key Levels:Entry: ₹380.35
✅Target (T1): ₹423.10
✅Stop Loss (SL - Closing Basis): ₹344.70
📎 Observations:
✅Stock is consolidating within a rising channel and has bounced from its lower trendline.
✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum.
✅RSI and volume remain aligned with the uptrend.
📎Risk-Reward:
It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity.
⚠️Overall Market sentiments are weak and we are trading against the trend.
Disclaimer: This analysis is for educational purposes only, not financial advice.
Bitcoin Bybit chart analysis january 13Hello
It's a Bitcoinguide.
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This is the Nasdaq 30-minute chart.
There is no separate indicator announcement today.
According to the daily support + weekly central line rising pattern,
I bet on entering or switching a long position at the bottom of 20.4K.
There is a possibility of extreme sideways movement without touching the entry point,
so you must check whether it touches the weekly chart central line near 20.4K.
I just applied it to Bitcoin.
This is the Bitcoin 30-minute chart.
After the 94.5K Gap reversal in the morning,
4+6 MACD dead cross is in progress,
unlike Nasdaq, it is in a strong vertical decline.
In the current situation,
except for the weekly chart MACD dead cross,
there are no special danger signals,
and
Bollinger Band 6-hour chart resistance line->6-hour chart support line is being touched.
*When the blue finger moves,
it is a two-way neutral
short->long switching strategy.
1. 92764.5 dollars short position entry point / cut-off price when orange resistance line is broken
2. 91217 dollars long position switching / cut-off price when purple support line is broken
3. 93.4K long position 1st target -> Top 2nd target and then target price in order
While writing the analysis, the long position switching point
91.2K was touched in real time, so please refer to it.
To explain briefly, depending on the movement of Nasdaq,
it will probably be either the sky blue finger 91.2K long or the bottom 1 89.K long.
Today, it is in a downward trend as it touches the final 6-hour chart support line.
The bottom 1 section is the 12-hour, daily chart support line touch point.
From this section touch, the downside is open,
and a strong downward trend can continue,
so you should be careful in the long position position.
A similar situation is unfolding to the analysis article I left last week on the 9th.
In the case of touching 91.2K first without touching the sky blue finger 92.7K short entry point at the top,
rather than entering a long position right away,
you should use whether you touch the short position entry point at the top or the 5-minute trend reversal.
Today, the purple support line is also the last mid-term uptrend line.
Since it is also in an upward trend in Tether Dominance,
it needs a justification to fall.
In the current trend situation, you need to see if it is swept right away.
(In the case of Bit, which moves in the opposite direction, it skyrockets without adjustment)
The point is that the 1st section at the bottom is
*If a rebound is successful in the daily support + weekly center line pattern position on Nasdaq today,
it is possible that a rebound will occur at the 1st section at the bottom.
In the case of Bit, since it continues to fall vertically without touching the resistance line,
the 4-hour and 6-hour chart MACD dead cross is perfectly imprinted,
and the movement after 9 o'clock when additional candles are created is important.
Please refer to it in real time and operate well.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
XAUUSD SELL SIDE 🚨 Updated XAU/USD Trade Signal (Gold Spot) 🚨
📉 SELL Setup
💰 Entry: 2668.8
📊 Take-Profit Levels:
TP1: 2656
TP2: 2633
🔴 Stop Loss (SL): 2677
📌 Reasoning:
Bearish trend continuation anticipated, with targets at key support levels.
⚠️ Risk Management: Stick to your plan and trade wisely! 💪
BAJFINANCE "📈 BAJFINANCE Breaks the Triangle! 🚀 A bullish triangle breakout paired with unmatched fundamentals. With strong asset quality, innovative offerings, and consistent growth, this NBFC leader is set to outperform! 💼✨ #BAJFINANCE #TriangleBreakout #FundamentalsStrong #StockMarket" LONG TERM TGT 11500
Pre Market analysis for 14/01/2025
Pre Market analysis for 14/01/2025
#NIFTY50
If market opens flat and breaks 23050 will plan for selling for targets 22900 level.
If market opens gap down, and sustains below 23000, then plan for selling for target 22900. level.
If market opens gap up, and breaks 23200 level, then plan for buying for target 23350 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 14/01/2025
Pre Market analysis for 14/01/2025
#NIFTYBANK
If market opens flat and breaks 48200 level, will plan for buying for target 48500 level.
If market opens gap down, and sustains below 47900 will plan for selling for target 47500.
If market opens gap up, and sustains above 48200 level, then plan for buying for target 48500.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Technical trading part 2Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Gold retreats from $2698. Will drop to $2640?Gold is seen facing resistance and selling pressure after witnessing retail traders preferred to book profits as price action lacked strength to surpass $2700
As long as the metal trades below immediate resistance zone $2670-$2675, downward shift in momentum is likely to extend towards $2660-$2650-$2640
On the flip side, strong break above $2675 will push the metal further upside towards $2690-$2700
GOLD STORY #2: Things to watch out for when Gold corrects In the past 24 hours, the price of gold (XAU/USD) has dropped to $2,657/ounce, let's review the trading plan
🔎 1/ Fundamental Analysis
🔴 Global economy and market sentiment:
• Rising DXY Index: The DXY Index, which measures the strength of the USD against a basket of major currencies, crossed the 110.00 mark for the first time since November 2023. A rising USD usually puts downward pressure on gold prices, as USD-denominated gold becomes more expensive for investors holding other currencies.
• Positive US economic data: The latest jobs report showed positive Non-Farm Payrolls figures, reducing expectations that the US Federal Reserve (Fed) will cut interest rates, thereby supporting the USD and putting pressure on gold prices.
📊 2/ Technical Analysis
🔵 Looking at the H4 chart, you can see that the price is at the important support zone of 266x
🔵 The price structure of H4 and H1 has changed when Keylever 2664 has been broken
🔵 Looking at the H1 price channel, you can see that the price line shows that the sellers are still strong, the price trend is likely to find the support zone below at 265x
📈 3/ Trading Plan
🟢 BUY: We have to wait for a clearer price structure at the current support zone. Do not rush to place orders when yesterday's selling momentum has not been fully absorbed. Our buy plan will be based on the price structure I drew on the chart plan.
🔴 SELL
• If you currently have a good position at the resistance zone above, we can consider taking some profits and waiting for a better profit at the next support zone 261x~263x. Or:
wait for price reaction at the current support zone to establish a position
🐂 Which side are you on – BULL or BEAR? 🐻
💬 Leave a comment and discuss with the community!
Go Bullish on BANKNIFTY above 48,600 onlyMany will try to take a reversal trade in BANKNIFTY given that:
1. It has fallen so much
2. The inflation data has come out mildly positive for the market.
Please remember that it might be a temporary bounce. We will go bullish only above 48,600.
Till then, it is a 'sell on rise' market.
DCW Ltd 74 % upmove possible on monthly chartHello Traders! 👋
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Happy Trading and Stay Green! 💰
Bitcoin : H n S Pattern $75000/- (Bearish)Sell Bitcoin below 91350 stoploss 98950 tgt 88615, 84750, 80500, 73600
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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