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An Analysis of Bitcoin: Unveiling the Macroscopic TrendsIn the vast landscape of financial markets, Bitcoin stands as a beacon of innovation and volatility. Its journey from obscurity to mainstream recognition has been nothing short of remarkable, captivating the attention of investors, speculators, and analysts alike. Delving into the depths of its price action, we embark on an analysis that transcends the minutiae of daily fluctuations, focusing instead on the broader canvas of macroscopic trends. Bitcoin, the pioneering cryptocurrency, operates within a decentralized framework, free from the shackles of traditional financial institutions. This inherent autonomy infuses Bitcoin with a unique character, prone to wild swings and meteoric rises. Understanding its movements demands a blend of technical prowess, market sentiment analysis, and a keen eye for broader economic trends. At the heart of our analysis lies the examination of larger time frames, where the ebbs and flows of Bitcoin's price action reveal profound insights. Zooming out from the noise of hourly or daily charts, we discern the formation of significant patterns and trends that span weeks, months, or even years. Employing technical analysis tools such as moving averages, trend lines, and Fibonacci retracements, we chart the trajectory of Bitcoin's price movements. Through this lens, we identify key support and resistance levels that serve as pillars in the edifice of price discovery. These levels, when breached, often herald significant shifts in market sentiment, triggering cascading effects across the cryptocurrency landscape. Accompanying our technical analysis is a thorough examination of fundamental factors that influence Bitcoin's valuation. From regulatory developments and institutional adoption to macroeconomic trends and geopolitical tensions, a multitude of variables can sway the market sentiment towards or against Bitcoin. Crucially, risk management remains paramount in any analysis of Bitcoin or indeed any financial instrument. While the allure of potential gains may be enticing, prudent investors always consider the downside. Setting stop-loss orders and defining clear profit targets mitigate the inherent risks associated with trading or investing in Bitcoin. It is imperative to recognize that this analysis serves as a guide rather than a guarantee. The dynamic nature of financial markets ensures that no prediction is infallible. Therefore, it is prudent to consult with a qualified financial advisor before embarking on any trading or investment strategy. In conclusion, the analysis of Bitcoin in the larger time frame unveils a tapestry of trends and patterns that shape its trajectory. By blending technical analysis with an understanding of fundamental drivers and a disciplined approach to risk management, investors can navigate the tumultuous waters of cryptocurrency markets with greater confidence. However, prudent caution and professional guidance are indispensable companions on this journey of discovery.
by Sanil1912
Cycle wave 3 on going with eventual target of 6000+Cycle Degree:Yellow Primary:White Intermediate:Orange Minor:Blue Currently we are in Cycle degree wave 3 which started from 2013, of which we have surpassed 161% extention target,hence next target of 261% extention is coming at 6259. As can be seen this cycle wave 3 has been sub divided in 5 intermediate impulsive waves shown in white.Currently on intermediate degree we are also in wave 3 of which 261% extention target is almost achieved at 4190.Hence it seems price wise we have achieved targets of primary wave 3,but structurally we are yet to finish with 5 intermediate wave which would complete primary wave 3. On zooming in on lower degree it seems like we are in intermediate wave 4 of wave which minor wave A(blue) is done and current raise from Feb 23 is minor wave B of intermediate wave 4.As it is sustaining above 61% retracement level of wave A(not shown here) next level on the upside of 80% is coming at 3400 odd levels. Hence to conclude on shorter time frame one can go long for an upside target of 3500 from cmp of 3078 with a stop-loss of 2900 on the downside. Disclaimer:This are just my views on the stock,no position should be taken solely on its basis,posting this just for my future reference.
NSE:ADANIENTLong
by UNDERDOG-29
🚀 ORDI Ready to Soar! 📈 Bullish Momentum Building! 💎 ORDI has formed an inverse head and shoulders pattern, which can also be interpreted as a flag and pole formation when zooming out the chart, thus increasing the probability of a bullish move. 💎 To confirm the bullish scenario, we need to see a breakout above the resistant zone, followed by a candle closing and retest for confirmation. In case of a pullback, we can expect a bounce from the bullish OB level. After the bounce, we can set targets for the next resistant levels. 💎 However, if ORDIUSDT breaks down below the bullish OB level, it would be advisable to wait for better price action to form before making any decisions.
Long
by MyCryptoParadise_Nathan
Stock of the Week: SUNDARMHLD - A Bullish Opportunity Unfolding.Weekly Time Frame: On the weekly chart, SUNDARMHLD is displaying strong bullish signals. The stock is currently undergoing a retest, which often signifies a robust support level. What's particularly noteworthy is the formation of a rounding structure, indicating a potential reversal or continuation of the current uptrend. This structure has the potential to set the stage for a sustained upward move. Daily Time Frame: Zooming in on the daily chart, we observe a breakout from the rounding structure mentioned earlier. This breakout not only validates the strength of the bullish trend but also provides an excellent entry point for traders. The gradual consolidation and accumulation over the past few days indicate a healthy and controlled price action, allowing for strategic entry positions. Key Technical Indicators: Higher Highs and Lower Lows: SUNDARMHLD is consistently establishing higher highs and lower lows, a classic sign of a healthy and sustainable uptrend. This pattern suggests a strong buying interest and potential for further price appreciation. Risk Management: As with any trade, it's essential to implement a robust risk management strategy. Consider setting stop-loss orders to protect your capital and adhere to sound risk-reward ratios. Additionally, stay informed about relevant news and market developments that may impact the stock's performance. In conclusion, SUNDARMHLD is shaping up to be an exciting opportunity for traders seeking a bullish play. Keep a close eye on the stock's price action, and may the markets favor your trades! Happy trading! 📈💰 (Note: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.)
NSE:SUNDARMHLDLong
by TTS007
Understanding SUVENPHAR: Seizing Opportunities in the MarketSUVENPHAR is currently in a compelling position, nestled within a 75-minute demand zone—a sweet spot for executing trades. Zooming out to the daily chart (Intermediate timeframe), the bullish trend is unmistakable. But here's where it gets interesting—the stock is riding high on the all-time high express in the Weekly Timeframe. The recent formation of the 75-minute demand zone acted as a launchpad, propelling SUVENPHAR to break its previous all-time high. This surge is a clear indicator of the zone's strength and presents a lucrative opportunity for traders. For those unfamiliar with zone dynamics, we're currently near an RBR zone—after a rally, consolidation, and another rally. This is a potent setup for sustained upward momentum. As the stock is at an all-time high, setting the stop-loss just below the demand zone with a buffer is a prudent move. But that's not the end of the story. To maximize gains, trail your stop-loss as the stock continues its ascent. This strategic move ensures that you capture the full potential of the upward trend. 📚 Learn, Adapt, Thrive! - Trade with wisdom and patience. The market rewards the resilient. Disclaimer: This analysis is for educational purposes only. I'm not a SEBI registered analyst.
NSE:SUVENPHARLong
by AfnanTAjuddin
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello Friends Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions, In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found. On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on "Wave (3)," which tends to bring about significant market changes. Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics. Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v). But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario. In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2). As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLALong
by RK_Chaarts
1
Elliott Wave Analysis for South Indian BankHello Friends Imagine we're reading South Indian Bank's story through a series of waves on a chart – each wave has its own label and meaning. Looking at the larger picture, we've observed two distinct waves. The first one climbed up and was labeled as Wave (1), while the second one descended and was labeled as Wave (2). Now, a new wave is beginning, labeled as Wave (3). This phase often brings significant changes and momentum. Zooming in a bit, we spot smaller waves nested within this Wave (3) We've recognized two of these smaller waves – wave 1 and wave 2. The upcoming wave, known as the "Third of the Third," is unfolding and labeled as wave 3. This phase tends to be dynamic and energetic. Delving even closer, we identify a tiny segment of this wave 3 known as wave (i) and wave (ii). Currently, wave (iii) is likely in progress, showing notable strength. With all these wave labels in mind, South Indian Bank appears to be a potential candidate for race towards north way, where we anticipate a price can increase, so we can assume this as an Investment pick. However, always remember that trading is not a sure thing. Like life, surprises can happen. In a nutshell, Elliott Wave analysis helps us understand how the market moves in a certain pattern. South Indian Bank's chart is showing something interesting, and we're excited to see where it goes next. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SOUTHBANKLong
by RK_Chaarts
5
AUD/USD Wave Analysis 📈🌊 Description: 🤑 Get ready to ride the NZD/USD profit waves! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave time! Let's get into Wave ABC and grab those gains! 💰 🔍 Highlights: Wave Rundown: We're zooming into NZD/USD moves, uncovering the cool five-wave setup (12345). You'll know each wave's vibe and how they roll together for the big picture. Correcting the Course: Time to talk about the comeback waves. Check out what might pop in Wave ABC – levels, patterns, and when it might hit. Cash In on Corrections: We're spilling the tea on scoring profit during correction waves. See how to time your moves right for max cash – enter and exit like a pro. Wave-riding BC: Dive into Wave BC, the sequel to correction moves. We'll break down the who's and what's that shape it, so you ride it smooth for gains. Risk Boss Moves: Master risk moves during corrections. Learn slick tricks to shield your bankroll while scooping up mad profits. Tech Tools FTW: Check out tools and tricks to up your AUD/USD game. Use them to back up your insights and fine-tune your moves. Real Deal Stories: Dig into past AUD/USD waves. It's like learning from OG wave riders – see patterns, scores, and what went down. NZD/USD's on stage, so gear up for the profit ride! Correction wave (Wave ABC) is where the fun's at, packed with big potential wins. Stay sharp, trade bold, and get the scoop from our full analysis! (Note: Trading's got risks, and past wins don't promise future fortune. This is about learning, not financial advice. Do your research and chat with money experts before making moves.) 🚀🤑
Long
by Greenfireforex
EGLD/USDT Alert: Wedge Pattern Sparks Bullish Momentum!💎 Hey Paradisers, let's explore EGLD/USDT. Zooming in on the daily chart, a falling wedge pattern has emerged over time. Right now, it's getting closer to a strong support trendline, and a noticeable bullish MACD divergence is in play. 💎 If EGLD/USDT stabilizes on this support line and breaks the 29.82 level, we might be gearing up for an exciting bullish momentum. Potential targets? Our sights are set on resistance at 33.64 and maybe even 36.31. Interestingly, a bounce from the support could catch rookie short traders off-guard. Those who shorted at the previous low might get trapped, and as the price climbs past their entry points, triggering their stop losses, we could witness a bullish surge. 💎Stay alert and trade smart, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
Ride the Wave: KPITTECH- Breakout Signals Profitable OpportunityKPITTECH, has recently caught the attention of traders with its impressive momentum. stock experienced a breakout from the bullish trendline, marking a significant turning point. Currently, the stock is testing its breakout at trendline which was supply line before breakout, which has now transformed into a demand line. 📊 Key Analysis Points 📊 When examining the daily timeframe, it's clear that the stock is holding above its breakout level with minimal volume, confirming the bullish outlook at retest of breakout. Zooming in to the 75-minute timeframe, we observe a bullish RSI divergence, providing additional confirmation for a buy entry at the retest of the trendline breakout. Moreover, analysing the volume on the 75-minute timeframe, we notice that the majority of bullish candles exhibit higher volume, surpassing the 50-day moving average of volume. This indicates a significant buying interest and reinforces the bullish setup. Based on this analysis, we can plan our buy trade if the price surpasses today's high at 1067. Once the breakout is confirmed, we can enter the trade at 1069. To manage risk, it is recommended to place the stop loss below the previous swing low, around 1044, it's prudent to keep a buffer and set the stop loss at 1041. it's crucial to trail stop losses to secure profits as the trade progresses. 🔍 Educational Insights 🔍 Before concluding this analysis, let's clarify some technical terms used: 1. Breakout : This refers to a price movement that surpasses a key resistance level or trendline, indicating a potential shift in market sentiment and often leading to further price appreciation. 2. Volume : It represents the number of shares or contracts traded during a given time period. Analysing volume can provide insights into the strength or weakness of price movements. Curious about volume? Check out my educational article on volume analysis that made it to TradingView's prestigious Editor's Pick: 3. RSI (Relative Strength Index) Divergence : RSI is a popular momentum oscillator. Divergence occurs when the price and RSI indicator move in opposite directions, indicating a potential trend reversal. curious about RSI Divergence? Learn more in my educational article on Divergence, chosen for TradingView's Editor's Pick: Remember, this analysis is for educational purposes only and does not serve as financial advice. As a reminder, I am not a SEBI registered analyst. If you found this analysis helpful, please like and share your observations in the comments section below. Your feedback keeps me motivated to consistently provide valuable content. Don't forget to follow me on TradingView for more articles and trade setups. Let's connect and grow together! 😊📈 Follow me on TradingView for more: in.tradingview.com "The only way to do great work is to love what you do."
BSE:KPITTECHLong
by AfnanTAjuddin
1
A Simple EUR/USD Short Idea: 12th June 2023Overview: Price retraced back to the 15-minute supply area while taking out equal highs in the process which is an added confluence in terms of a bearish reaction. Zooming down to the 1 Min timeframe, bearish momentum became more apparent as a 1 Min demand area was invalidated with the price-breaking previous internal higher low structure and creating a 1 Min supply area with an engulfing candle for imbalance. Stop Loss: 1.07896 Entry: 1.07865 TP 1 set at 15 Min Demand Zone Imbalance: 1.07532 ( 1:10.6 RR) TP 2 set at 15 Min Structure Higher low: 1.07345 ( 1:17 RR) Fundamental Reasons: The Fed is expected to continue with a pause in its monetary policy decisions which is something that the market has already been pricing in. Market price movements are expected to remain subdued with lesser volatility than usual in the run-up to the news events later this week. If the trade does not hit TP before news events, It would be closed at any RR regardless
Short
by shreyassanand
Nifty-Possible evening star forming today but not confirmed yetA morning star is a visual pattern made up of a red candle, a smaller green/red candle with a short body (spinning top/doji) and long wicks, and a third tall green candle. BULLISH PATTERN Similarly the evening star consists of a green candle, followed by a doji/spinning top and third red candle. BEARISH PATTERN Ideally there should be a gap area between 2nd smaller candle with the 1st and 3rd candle which acts as resistance/support. And the 3rd candle should pierce atleast 50% of the 1st candle. Examples: - 1. Very clear morning star formed on 4th October 2021 which signalled a massive rally. 2. Evening star formed on 16 Nov 2021 led to a massive fall. Not as clear cut with no gaps between candles. 3. Evening star with a massive bearish candle on 15 Dec 2022 led to a big fall. Do check out the charts by zooming as it may not be clear So should a bearish trade be taken? At this moment it is a big no as from all parameters NIfty is bullish at the moment. But looking at FII positioning and massive downward movement in S&P at the end there is a possibility if Nifty today closes below 18k and pierces through 50% of the 15th Feb green candle to below 17950 there could be fall as it would be a false breakout evidenced by low volumes. This is yet to be confirmed though and Nifty has strong supports at 17860 and 17720. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NSE:NIFTY
by DashSam
Diwali pickHi everyone! As we already know that few months back auto sector has given breakout from its cup & handle pattern, after giving beautiful breakout in last 2 months it has corrected a bit and now taking support near its breakout level. RSI is also giving signals for strength at current level, so the sector to go long this Diwali would be Auto. Now zooming-In, in Auto sector we have to choose stocks which will be major contributor in coming rally. Some stocks like M&M and TVS were the leaders during last up move and gave almost 60-70% rally in last 4 to 5 months, they still have potential to move 30-40% on upper side but it is not suitable for fresh entry as risk to reward will not be suitable. "CUMMINSIND" is one stock looking strong and supposed to lead from front in coming rally in auto sector, it is near its cup & handle breakout level and formed a beautiful triangle pattern, RSI is also giving positive signals. Lower side risk would be only 7% and is supposed to go up to 2000 which would be 70% from current level, i.e., we will be getting risk : reward of 1:10. Stay safe! Happy Diwali.
NSE:CUMMINSINDLong
by sudhanshu_raaz
Simple Trade Setup | BANKNIFTY | 31-01-2022 [INTRADAY] NSE:BANKNIFTY Observations: 1) On 1 day time frame, it closed just above 100DMA. 100DMA is at 37596.89 level. currently it is immediate support. Below this it can try to test 37500 and 37000 level. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see the triangle pattern in long-term with resistance channel and support channel. We will keep this in mind for all futher trade setup and for our reference. Please refer below chart : 1hr Time Frame. Zooming in the same chart for recent price action for reference. Please refer below chart : 1hr Time Frame. Same chart on 15min time frame. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 31-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
8