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BANDUSDT Falling Wedge: Is a Bullish Breakout Imminent?Yello, Paradisers! Have you been tracking BANDUSDT? The market is presenting a prime opportunity that you can't afford to ignore. Let's break it down! 💎BANDUSDT has formed a falling wedge pattern, and the price is currently sitting in the support zone, increasing the probability of a bullish move. 💎If the price shows an I-CHoCH (Internal Change of Character) in the lower timeframes, indicating a shift towards a bullish market structure, the probability of a bullish move will increase. 💎The probability of a bullish move will be even higher if the price breaks out of the falling wedge and the resistance zone together. In this scenario, we can expect a move towards the next swing highs. 💎If there is a breakdown of the support zone and the price closes below it, our bullish scenario will be invalidated. In that case, it is better to wait for a more favorable price action to form. Stay sharp and strategic, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BITCOIN on Last Lower-Low DipAs per 1-day chart analysis, CRYPTOCAP:BTC performing well as per my previous perditions, already posted and mentioned below with its last Lower-Low soon around GETTEX:52K - GETTEX:48K , while it is already completed its second-final mark of $53.5k that lies between $55k- GETTEX:52K as per given charts. so, need to take a little while more patience upto july month end, to completing its last Lower-Low mark and then from august onwards, #Bitcoin will starts moving slowly sideways with #Altcoins rally starts and slowly from sept. onwards fully mode of #BullRun 2024-25 cycle will be starts into their #Elliot #ImpilsiveWave upto next 7-8 months... anyways, always #DYOR before investing in #Crypto and Trade by using #StopLoss at this situations. and, always follow share & comment on my every post to get more updates...
Short
by AskToRahulSirohi
TIA/USDT 80% down from My Analysis#Celestia (TIA/USDT) Profit Update: I alerted you when LSE:TIA was trading at its peak/ATH and advised selling at $16.50+. It went up to $20 for a bearish retest and then experienced a hard dump, now down 80% from my levels. Hope you earned or saved money! Profit Targets: TP1: $13.86 ✅ TP2: $9.82 ✅ TP3: $7.10 ✅ Currently, LSE:TIA is trading around $6.4 and has dumped to $4.8. Analysis: Now trading at a strong support zone, I expect this area to be a good accumulation and reversal zone towards a new all-time high. Stay tuned for more updates and happy trading!
Short
by CryptoPatel
Test-Money!Not much trouble or discomfort in terms of daily change, save those who watch intra-day moves. The PIP graph is much higher time frame and hence much calmer, large Maribouzu, series of hanging man (wrong to term them with that name as it is not toppish yet). Yesterday move looks some profit taking at higher area than anything else. What is more important there are spaces where market will respond to divergence and then there are spaces without any warning market would move. Powell "Testimony" later in the day, CPI from Mexico, US China to watch tomorrow. Results season is the only one in addition to the Budget expectations. Sans there no local triggers. Lots of euphoria getting lower in the decibel, it is turning to the actual earnings in the end. No real triggers as of now, some sector rotation in the play, for a change there can be down side rotation than upside. Auto appears to be on the soft pedal. Support 24250-24180-24130 Supply 24380-24430-24500
NSE:NIFTY
by sreebhashyam
The Wait or the Weight!It the long wait on the heavy weight HDFC Bank. There are many souls and brave hearts looking for this one to join the race. It rose many times, fell many times, the hope remains, however the last three days action, was a quick burner for the late entrants. The PIP graph with back-drop black it the HDFC Bank, three black gapping black crows, for sure will be looking to exit the longs around the 1700-1730. In between, the support which was supply zone will act for a corrective rise, three days of large candle usually ends in a contra move. The NIFTY Bank PIP is the bi-weekly showing bearish engulfing, as is the case, just the appearance of the pattern is not sufficient, one has to tick the 9 conditions box and see how relevant they are. On the usual graph is the intra-day holding on the trendline and hence today action is vital. Tad in favour of rise than fall. Support 52450-52250-52100 Supply 52800-53015-53150
NSE:BANKNIFTY
by sreebhashyam
NIFTY: Results and Rains! It is half time. It is not half full or half empty time. It is about what will spill after it is full or empty. It is rainy time as well as results time. Tech Sector starts with results, unlike the previous cycles this time, that looks on stronger footing. Are we to witness rise first and fall later or rise and rise. Many stories are rinse repeat and hence, carrying an umbrella is advisable, but when it is downpouring, it's use is very limited. Lots of economic data ahead in addition to results, Inflation data from China and US to start with. Political din reduces in UK after clear victory, while it remains on the watch in France, US all eyes on the democrat presidency. From the attached Graph which is bi-weekly, and the PIP is the intra-day. The current disposition is hanging man, again just appearance of the pattern is not sufficient, it has to tick as many boxes as possible, look the 9 conditions of the Candle Sticks. The PIP is intraday, lots of stars and pattern, just a gap filling exercise. There is no negative divergence, but candle stick pattern can reverse sometimes without that requirement. Thus watch Candle closing Wednesday. By that time the inflation data is reasonably out. The large Maribouzu Candle half way back point is around 24128 that is the trigger for more losses. From Many angles move past 23800 is an excess, market always surprise you on either side with rotation. Support 24280-24230-24180 supply 24360-24395-24430
NSE:NIFTY
by sreebhashyam
IDEAFORGE - Long SetupNSE:IDEAFORGE Falling Wedge Pattern: A falling wedge pattern is characterized by two converging trend lines that slope downwards, with the price moving between these lines. Features: Shape: The pattern is formed by two downward-sloping trend lines. The upper trend line connects the highs, and the lower trend line connects the lows of the price action. These lines converge, forming a wedge. Volume: During the formation of the falling wedge, trading volume typically decreases. This indicates a consolidation phase. Duration: The falling wedge can develop over various time frames, from a few weeks to several months. Longer patterns are generally considered more significant. Trend Context: Continuation Pattern: In an uptrend, a falling wedge can act as a continuation pattern, indicating a temporary pullback before the uptrend resumes. Reversal Pattern: In a downtrend, a falling wedge can signal a potential reversal, suggesting that the downtrend may be coming to an end and a bullish trend might follow. Key Points to Remember 1. The falling wedge is considered a bullish pattern, whether it appears as a continuation in an uptrend or as a reversal in a downtrend. 2. The breakout should be confirmed with increased volume and other technical indicators. 3. The pattern's reliability increases with the duration and the number of touches on the trend lines. ------------------------------------------------------------------------------------------------ Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IDEAFORGELong
by Sandeep_Aggarwal
Bollinger Bands: What Do They Tell You?Bollinger Bands to measure the volatility of stock prices relative to their historical behavior. Traders can identify market trends by observing how stock prices interact with these bands, and potentially anticipate a trend reversal. In this article, we will explore how Bollinger Bands work and what they can tell you about market trends and opportunities. What are Bollinger Bands? Bollinger Bands were developed by John Bollinger. It's a type of price envelope that defines upper and lower price range levels. These bands are positioned at a specified standard deviation above and below a simple moving average of the price. By adjusting to fluctuations in price volatility, Bollinger Bands reflect market dynamics. The parameters for Bollinger Bands include Period and Standard Deviations (StdDev). This is typically set at 20 and 2 respectively by default, but can be customized to suit different trading strategies. These bands are instrumental in assessing whether prices are relatively high or low. They work in tandem—both upper and lower bands—with a moving average, offering insights into market trends. However, they are most effective when used alongside other indicators to validate trading signals Calculation of Bollinger Band To create Bollinger Bands, start by calculating a simple moving average (SMA). Then, compute the standard deviation for the same number of periods as the SMA. For the upper band, add the standard deviation to the SMA. For the lower band, minus the standard deviation from the SMA. Here are typical setups: Short term: 10-day SMA with bands at 1.5 standard deviations. Medium term: 20-day SMA with bands at 2 standard deviations. Long term: 50-day SMA with bands at 2.5 standard deviations. How do Bollinger Bands Work? When Bollinger Bands constrict during low volatility, it suggests an increased potential for a significant price swing in either direction, often signaling the start of a new trend. Be cautious of false breakouts in the opposite direction before the actual trend begins. When the bands widen significantly, it indicates rising volatility and a possible end to the current trend. Prices typically bounce within the bands, moving from one band to the other. These swings can help identify potential profit targets. Suppose, if a price rebounds from the lower band and crosses above the moving average, the upper band becomes a viable profit target. During strong trends, prices can persistently exceed or hug the band boundaries. When combined with divergence in a momentum oscillator, consider further analysis to determine suitable profit-taking opportunities. A solid trend continuation is anticipated when prices move outside the bands. However, if prices swiftly retreat back inside the bands, it suggests the strength of the move may be weakening. What Do Bollinger Bands Tell You? As we know, Bollinger Bands are a popular tool among investors and traders, developed by financial analyst John Bollinger. They help gauge the volatility of stocks and other securities to determine if they are over- or undervalued. These bands manifest on stock charts as three lines that fluctuate alongside the price. The center line is the stock price’s 20-day simple moving average (SMA), while the upper and lower bands are set at a certain number of standard deviations, usually 2, above and below the middle line. The bands broaden when a stock’s price becomes more volatile and contract when it is more stable. Many traders see stocks as overbought as their price nears the upper band and oversold as they approach the lower band, signaling an opportune time to trade1. However, while valuable, Bollinger Bands are a secondary indicator that is best used to confirm other analysis methods. The bands widen and narrow in response to the volatility of a stock's price movements—widening during periods of increased volatility (expansion) and narrowing during stable trading patterns (contraction). Persistent touches of the upper Bollinger Band suggest the stock is potentially overbought. Conversely, frequent touches of the lower band indicate the stock may be oversold, signaling a potential buying opportunity. How Accurate Are Bollinger Bands? It's crucial to understand that while Bollinger Bands provide valuable insights, they shouldn't be the sole basis for trading decisions. Market conditions are dynamic, and these bands may not always accurately gauge current volatility levels. Moreover, they can occasionally generate false signals, potentially leading to losses if relied upon too heavily. To effectively utilize Bollinger Bands, traders should complement them with other technical indicators and fundamental analysis. It's equally important to factor in personal risk tolerance and trading preferences. By integrating multiple perspectives, traders can better identify signals and make well-informed decisions. Conclusion Bollinger Bands are great for seeing how prices move in markets. They help you find trends and when prices might change direction. It's important to use them with other indicators and know how markets work. With practice, Bollinger Bands can guide you in making better decisions and understanding market movements.
NSE:BANKNIFTY
by Dhan
2
Bitcoin (BTC) technical and fundamental analysisBitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our previous overview - the 1H Imbalance zone. Currently, it is retesting the ascending trendline, which will determine the future direction of the price movement. If sellers push through and the price consolidates below the support level, we expect it to drop to the next targets - the 4H and 1D Imbalance zones. There are significant gaps in horizontal trading volume levels that need to be filled with trading activity. In the same range, the 0.61 - 0.78 Fibonacci retracement levels are located, where we anticipate the correction to end if it becomes deeper. For the resumption of growth, the price needs to consolidate above the EMA 50 4H dynamic resistance line and return above the Point of Control (POC) level. In this case, we expect a retest of the descending trendline resistance. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price continues to move within the Expanding Wedge pattern and has also formed a Double Top pattern. If BTC's price breaks below the lower boundary of the Expanding Wedge during the retest, we expect the Double Top pattern to be confirmed with a movement corresponding to its height. The targets of this movement could be the 1D and 1W Imbalance zones, where we will anticipate a trend reversal and the resumption of growth. What could the next growth phase look like? Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and the analysis of large order block clusters in order books. We have a local ascending trendline that has been relevant since November 2023. Its test could occur at the 75,000 - 76,000 level, which is confirmed by a large block of pending orders. Higher, in the 80,000 - 90,000 range, lies the global trendline built on the peaks of the previous two Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located in that area. The highest trendline is in the 1.61 - 1.78 Fibonacci extension range, and its test could start at the 100,000 level. 💠 Analysis of liquidity zones and levels The index of fear and greed is in the fear zone - 44. The total capitalization of the cryptocurrency market fell to $2089 billion, and the Bitcoin dominance index increased to 54.8. According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 56,000 🔴 Supply zone: 70,000 - 80,000 Levels for long positions: 55,000 - 57,000 - retest of the trend line and large support block 52,000 - 53,000 - large support block 50,000 - psychological level of support Levels for short positions: 70,000 - psychological resistance level 72,000 - large resistance block 75,000 - large resistance block 90,000 - global trend line 📊 Fundamental analysis Bitcoin's price started to decline in late June on news that the collapsed cryptocurrency exchange Mt. Gox, which failed in 2014, is ready to repay its creditors. If the creditors decide to sell the received bitcoins, their activity could put significant pressure on the cryptocurrency's price. Therefore, many market participants have decided to reduce the share of BTC in their portfolios in anticipation of the upcoming payouts. Outflows from bitcoin funds, which account for over 5% of the cryptocurrency's issuance, are putting pressure on Bitcoin. After the halving, the reward for mining each BTC was halved from 6.25 to 3.125 BTC. With declining income and depreciating savings, many miners are forced to sell accumulated coins, further creating pressure on Bitcoin's price. However, there are also positive expectations: In the next two weeks, a spot ETF on Ethereum may appear. Industry experts are confident that the launch of an Ethereum ETF will have a significant impact on the cryptocurrency market. SEC Chairman Gary Gensler recently stated that Ethereum ETFs are likely to emerge this summer. Due to the growth of the crypto industry in the US, candidates in the 2024 US presidential election are being forced to vie for the votes of the crypto community. Additionally, market participants are anticipating the Federal Reserve's long-awaited move to lower the key interest rate. According to Fed Chairman Jerome Powell, inflation in the US is slowing down. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 09.07, 15:30 - Speech by Jerome Powell on the economic situation in the USA. ➤ 11.07, 15:30 - Consumer Inflation Index (CPI) in the USA for June. ➤ July 25, 21:00 - US GDP for the 2nd quarter. ➤ 31.07, 21:00 - New decision on the Fed interest rate. 📈 Statistics of signals from our AI trading indicator: In June 2024, a correction began in the cryptocurrency market after prolonged growth. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 5 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: +27.03% Maximum price movement: +13.53% Average price movement: +5.4% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
1
The Skew! n Clue!Recall one of the top brokerages, calling banking to underplay relative to other sectors? All let lose there. Results season, men's and boys will be tested. While the big picture here is surely up and above the sky kind of expectation, short term there can be hiccups, some reality check for reasserting later. Known for U turns at the extremes, without any warning can move down. The PIP is the daily the corrective moves, and then the climb. Talking of Skew, RBI Governor expressed concerns on the Deposit Loan Skew and that remains the factor of Cost and thus the allocation of resources. That also can be the Cue! Short term frames suggest some struggle to move past the high hence a moderation to the expectations than any other way. Support Tuesday Open 52800, below that 52550 Supply 53200-53280-53400
NSE:BANKNIFTY
by sreebhashyam
80000, the New Overbought, Sense on "X"?80 is Golden period, 80K cannot be different. However, in term of Oscillators 80 is termed as overbought. Look for more, the long, short ratio of 3 by the FII usually a sell signal that crosses over 4 plus and still market don't correct. Too much ownership of present or future? FOMO everywhere? The beauty of the markets is opportunities always exit for long irrespective, only issue is the difficulty in identifying. Bull markets short of money, bear markets short of ideas remains time tested one. How far are we in far a reasonable pause in this assault to the top. NIFTY continues to get rotational support, IT, Banking, Metal Pharma, Auto, Realty you name it. While we try to draw the long term trendline from the top of 2015, that is near 10 years, we are closer to some zone of top. We have marked that with a RED Arrow, nothing is confirmed, it is still the zone. Repeated truncated appearance of bear candles throws some caution, results season and budgets should set the tone either way. US dollar takes breather, but more driven by the Political canvas, be it US or the Europe. Tomorrow Non-Farm Payrolls to assume some importance of service sector led growth. Support 24230-24180-24130 Supply 24330-24380-24410
NSE:NIFTY
by sreebhashyam