BONEUSD Excellent buy signal
Bone ShibaSwap (BONEUSD) has completed a 6 day bullish streak following the rebound on the Symmetrical Pivot Zone. The RSI Lower Highs sequences, as well as the Higher Highs that preceded them after the rebound on the Support Zone, show that BONE is replicating the December 2022 - February 2023 bull run. As a result, this is an excellent buy opportunity to initially target the 1.9750 Symmetrical Resistance.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bone ShibaSwap (BONEUSD) has completed a 6 day bullish streak following the rebound on the Symmetrical Pivot Zone. The RSI Lower Highs sequences, as well as the Higher Highs that preceded them after the rebound on the Support Zone, show that BONE is replicating the December 2022 - February 2023 bull run. As a result, this is an excellent buy opportunity to initially target the 1.9750 Symmetrical Resistance.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
USDCHF Approaching the 1D MA50 for the optimal sell entry.
The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below):
https://www.tradingview.com/chart/USDCHF/MncuTBmz-USDCHF-Bullish-above-the-1D-MA50-bearish-below-it/
The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. That is located exactly at the top of the Channel Down. We will take that opportunity to sell and target 0.8300 (again near the -0.5 Fibonacci extension).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below):
https://www.tradingview.com/chart/USDCHF/MncuTBmz-USDCHF-Bullish-above-the-1D-MA50-bearish-below-it/
The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. That is located exactly at the top of the Channel Down. We will take that opportunity to sell and target 0.8300 (again near the -0.5 Fibonacci extension).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BITCOIN volume is decreasing, yet price is rising. What to do?
Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend fragile.
** Decreasing volume in previous Cycles **
A simple look however, at past Bull Cycles is enough to provide a good understanding of the current situation. This chart (4D time-frame) shows that there was Decreasing Volume following all previous major market bottoms, especially in times of extreme capitulation such as the March 2020 COVID crash, or the August 2015 Bitfinex crash. With the FTX crash in early November 2022 being such a capitulation even, there should be no surprise that the volume has been decreasing ever since. BTC however has doubled since then, indicating that this whole period has been nothing but another Accumulation Phase for smart money near the bottom of the Bull Cycle. We can strongly claim that this is a standard post-bottom Cycle rally.
** The Vortex Gap **
Besides this correlation, you may also have a look at the Vortex Indicator. Every time the Decreasing Volume leads to a Low, the VI- (red) crosses below the VI+ (blue) and opens the gap. A VI- hitting 0.5000 has historically happened when BTC made a Higher High within the new Bull Cycle. Right now it is still only at 0.9100, potentially indicating that there is significant potential for a deep Higher High.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend fragile.
** Decreasing volume in previous Cycles **
A simple look however, at past Bull Cycles is enough to provide a good understanding of the current situation. This chart (4D time-frame) shows that there was Decreasing Volume following all previous major market bottoms, especially in times of extreme capitulation such as the March 2020 COVID crash, or the August 2015 Bitfinex crash. With the FTX crash in early November 2022 being such a capitulation even, there should be no surprise that the volume has been decreasing ever since. BTC however has doubled since then, indicating that this whole period has been nothing but another Accumulation Phase for smart money near the bottom of the Bull Cycle. We can strongly claim that this is a standard post-bottom Cycle rally.
** The Vortex Gap **
Besides this correlation, you may also have a look at the Vortex Indicator. Every time the Decreasing Volume leads to a Low, the VI- (red) crosses below the VI+ (blue) and opens the gap. A VI- hitting 0.5000 has historically happened when BTC made a Higher High within the new Bull Cycle. Right now it is still only at 0.9100, potentially indicating that there is significant potential for a deep Higher High.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
LITECOIN Halving only a few hours away! Is it bullish or not?
Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC.
The previous two Halvings were on August 05 2019 (Halving 2) and August 25 2015 (Halving 1) respectively. All halving events have caught the price on a pull-back after a break above the 1W MA100 (green trend-line) with the 1W MA50 (blue trend-line) supporting. During the previous two, the price managed to reach the 0.5 Fibonacci retracement level, while on the current Cycle it came $25 shy of it.
It appears that the current Bull Cycle has started on a slower pace than the previous two, as also illustrated on the 1W RSI, which hasn't yet crossed the 70.00 overbought barrier. They key is the Lower Highs trend-line, which on all Halvings made contact with the pre-Halving Lower High and once broken the price never made a Lower Low again. If you want to take the safest buy entry possible, wait for that break-out to happen.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC.
The previous two Halvings were on August 05 2019 (Halving 2) and August 25 2015 (Halving 1) respectively. All halving events have caught the price on a pull-back after a break above the 1W MA100 (green trend-line) with the 1W MA50 (blue trend-line) supporting. During the previous two, the price managed to reach the 0.5 Fibonacci retracement level, while on the current Cycle it came $25 shy of it.
It appears that the current Bull Cycle has started on a slower pace than the previous two, as also illustrated on the 1W RSI, which hasn't yet crossed the 70.00 overbought barrier. They key is the Lower Highs trend-line, which on all Halvings made contact with the pre-Halving Lower High and once broken the price never made a Lower Low again. If you want to take the safest buy entry possible, wait for that break-out to happen.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
AUDUSD Open trade based on today's candle closing.
The AUDUSD pair has been trading within a Channel Down pattern since the February 02 2023 High and the rejection on the 1W MA100 (red trend-line). Since June 16 however, it formed a short-term Rectangle pattern, which today broke below its 0.65950 Support 1.
We will trade this depending on today's 1D candle closing. If it closes above the 0.65950 Support and back inside the Rectangle, then it will remain bullish towards the Channel Down's top (Lower Highs) with the targeted zone being 0.68000 - 0.68350. If it closes below 0.65950, it will be a confirmed bearish break-out, thus a sell signal for us, targeting 0.6400 (just above Support 2).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The AUDUSD pair has been trading within a Channel Down pattern since the February 02 2023 High and the rejection on the 1W MA100 (red trend-line). Since June 16 however, it formed a short-term Rectangle pattern, which today broke below its 0.65950 Support 1.
We will trade this depending on today's 1D candle closing. If it closes above the 0.65950 Support and back inside the Rectangle, then it will remain bullish towards the Channel Down's top (Lower Highs) with the targeted zone being 0.68000 - 0.68350. If it closes below 0.65950, it will be a confirmed bearish break-out, thus a sell signal for us, targeting 0.6400 (just above Support 2).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BANK OF AMERICA is about to start the new 2 year rally.
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone.
As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension.
It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone.
As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension.
It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
ALT COINS are well supported, waiting for a new High.
The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within 618 (where the price got recently rejected) and 700.
On the long-term though, the Wedge break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T.
Note that in the meantime, the 1W MACD completed a Bullish Cross 2 weeks ago, the first this past year (since August 08 2022).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within 618 (where the price got recently rejected) and 700.
On the long-term though, the Wedge break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T.
Note that in the meantime, the 1W MACD completed a Bullish Cross 2 weeks ago, the first this past year (since August 08 2022).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
NWCUSDT Excellent buy opportunity for quick +25% profit!!
The NewsCrypto coin (NWCUSDT) is having a strong day so far making an attempt at the 1D MA50 (blue trend-line). The project has overall huge upside potential and our thesis is that it's a long-term investment. Regardless of the long-term, the solid latest fundamentals, call for an immediate buy, and potentially a +25% rise from the current levels. Let's have a look at both the technical and fundamental aspects of NWC.
** Technical Analysis **
As mentioned the price is making a run on the 1D MA50 today, a trend-line that has been intact since June 23, which is at the top of the mid-April Channel Down. As you can see, there is a high degree of symmetry between the current Channel Down and the one from August 24 - December 29 2022. Both had a 1D MA50/100 Bearish Cross and both fit inside a giant Rectangle pattern and with the help of the Fibonacci retracement lines, we can identify which level of symmetry we are at.
At the moment the price has hit the final Symmetrical Support Zone (green) before the bottom of the Rectangle (Support 1) and technically we should see a short-term (at least) rebound towards the 1D MA100 (green trend-line). That is an important Resistance, which on the previous Channel Down had three clear rejections. It appears that only a 1D candle close above the 0.382 Fibonacci level, accumulates high probabilities of delivering the next big rally near $0.20.
** Fundamental Analysis **
NWC isn't new to the crypto world. As mentioned its future is bright but so is its history, which since 2019 has offered amazing partnerships (Kucoin, Polygon, Travala, Gate, MultiversX, Chainlink to name a few), burned millions of NWC, made great developments on its app, entered the AI sector and eventually ...
See the rest of the analysis on our TradingView channel: https://www.tradingview.com/chart/NWCUSDT/Bn6UQk7O-NWCUSDT-Excellent-buy-opportunity-for-quick-25-profit/
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The NewsCrypto coin (NWCUSDT) is having a strong day so far making an attempt at the 1D MA50 (blue trend-line). The project has overall huge upside potential and our thesis is that it's a long-term investment. Regardless of the long-term, the solid latest fundamentals, call for an immediate buy, and potentially a +25% rise from the current levels. Let's have a look at both the technical and fundamental aspects of NWC.
** Technical Analysis **
As mentioned the price is making a run on the 1D MA50 today, a trend-line that has been intact since June 23, which is at the top of the mid-April Channel Down. As you can see, there is a high degree of symmetry between the current Channel Down and the one from August 24 - December 29 2022. Both had a 1D MA50/100 Bearish Cross and both fit inside a giant Rectangle pattern and with the help of the Fibonacci retracement lines, we can identify which level of symmetry we are at.
At the moment the price has hit the final Symmetrical Support Zone (green) before the bottom of the Rectangle (Support 1) and technically we should see a short-term (at least) rebound towards the 1D MA100 (green trend-line). That is an important Resistance, which on the previous Channel Down had three clear rejections. It appears that only a 1D candle close above the 0.382 Fibonacci level, accumulates high probabilities of delivering the next big rally near $0.20.
** Fundamental Analysis **
NWC isn't new to the crypto world. As mentioned its future is bright but so is its history, which since 2019 has offered amazing partnerships (Kucoin, Polygon, Travala, Gate, MultiversX, Chainlink to name a few), burned millions of NWC, made great developments on its app, entered the AI sector and eventually ...
See the rest of the analysis on our TradingView channel: https://www.tradingview.com/chart/NWCUSDT/Bn6UQk7O-NWCUSDT-Excellent-buy-opportunity-for-quick-25-profit/
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
EURGBP Wait for a higher sell entry.
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that opportunity to sell and target initially Support 1 (0.85050) and then Support 2 (0.84100) in extension.
A good sell confirmation signal can be when the 1D RSI breaks below its Higher Lows trend-line, followed by a rejection on the 1D MA50 as a Resistance.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that opportunity to sell and target initially Support 1 (0.85050) and then Support 2 (0.84100) in extension.
A good sell confirmation signal can be when the 1D RSI breaks below its Higher Lows trend-line, followed by a rejection on the 1D MA50 as a Resistance.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
PLSUSDT Huge Inverse Head and Shoulders formed!
PulseChain (PLSUSDT) has formed a huge Inverse Head and Shoulders pattern (IH&S) from a very deep level, and sits on a vastly oversold 4H LMACD Bullish Cross formation! This is technically a very strong bullish reversal pattern that is aiming initially at the 0.0001050 Resistance, however we will first pursue a 1D MA100 (green trend-line) contact at 0.0000900 and extend to the Resistance only after a candle close above it. The reason is that the 1D MA100 has been the natural Resistance since July 21.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
PulseChain (PLSUSDT) has formed a huge Inverse Head and Shoulders pattern (IH&S) from a very deep level, and sits on a vastly oversold 4H LMACD Bullish Cross formation! This is technically a very strong bullish reversal pattern that is aiming initially at the 0.0001050 Resistance, however we will first pursue a 1D MA100 (green trend-line) contact at 0.0000900 and extend to the Resistance only after a candle close above it. The reason is that the 1D MA100 has been the natural Resistance since July 21.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BITCOIN 3D Golden Cross just formed! Road to ATH begins!
Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line).
In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a Black Swan event, the price would have continued upwards if it wasn't for that). With the 3D MA50 guiding the price, the next stop for the uptrend that started was the All Time High (ATH).
Due to the Libra euphoria and other positive fundamentals regarding adoption that delivered the 2019 3D Golden Cross faster, it took BTC around 100 days more to reach the ATH in 2020. It could be a fair estimate that Bitcoin would have reached the current ATH ($69000) by around this time next year.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line).
In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a Black Swan event, the price would have continued upwards if it wasn't for that). With the 3D MA50 guiding the price, the next stop for the uptrend that started was the All Time High (ATH).
Due to the Libra euphoria and other positive fundamentals regarding adoption that delivered the 2019 3D Golden Cross faster, it took BTC around 100 days more to reach the ATH in 2020. It could be a fair estimate that Bitcoin would have reached the current ATH ($69000) by around this time next year.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
MPCUSDT Is Partisia Blockchain token the next security crypto gem?
Patrisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it.
Technical Analysis
The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start.
As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line).
As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit.
Read the rest of the article in the following link: https://www.tradingview.com/chart/MPCUSDT/0h4KbtRJ-MPCUSDT-Is-Partisia-Blockchain-the-next-security-crypto-gem/
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Patrisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it.
Technical Analysis
The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start.
As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line).
As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit.
Read the rest of the article in the following link: https://www.tradingview.com/chart/MPCUSDT/0h4KbtRJ-MPCUSDT-Is-Partisia-Blockchain-the-next-security-crypto-gem/
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
NASDAQ's Key Support level being held on this Inverse H&S pattern.
Nasdaq is holding not just its 1D MA50 (blue trend-line), which is the most important Support trend-line during uptrends, but also the 0.618 Fibonacci, which is a symmetrical Support that held on July 19.
Basically the price is ranged within the 0.786 - 0.618 Fib Zone and if broken, the All Time High (ATH) should be tested. This looks more and more like an Inverse Head & Shoulders (IH&S) pattern materializing.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Nasdaq is holding not just its 1D MA50 (blue trend-line), which is the most important Support trend-line during uptrends, but also the 0.618 Fibonacci, which is a symmetrical Support that held on July 19.
Basically the price is ranged within the 0.786 - 0.618 Fib Zone and if broken, the All Time High (ATH) should be tested. This looks more and more like an Inverse Head & Shoulders (IH&S) pattern materializing.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BITCOIN W-shaped recovery taking place on full development.
Bitcoin broke emphatically and closed above the 1D MA50 (blue trend-line) yesterday, almost recovering all of August's -25% losses. Such a strong and quick reversal is owed to the distinct pattern of 'W-shaped Recovery' which we are seeing in full development right now.
The price reached the 0.618 Fibonacci retracement level and if broken, we can expect a full price recovery by the first week of September at 71900.
Do you think the pattern will be completed?
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bitcoin broke emphatically and closed above the 1D MA50 (blue trend-line) yesterday, almost recovering all of August's -25% losses. Such a strong and quick reversal is owed to the distinct pattern of 'W-shaped Recovery' which we are seeing in full development right now.
The price reached the 0.618 Fibonacci retracement level and if broken, we can expect a full price recovery by the first week of September at 71900.
Do you think the pattern will be completed?
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
AMAZON Only a break above the 1D MA50 remains. $240 on sight.
Amazon Inc. (AMZN) spent the previous 2 weeks on a very strong recovery of the losses sustained in July - August, in fact those have been the strongest 2-week candles since October 23 - 30 2023.
That was the previous bottom of the 2.5 year Channel Up on its Higher Lows trend-line. Even though the stock broke below the 1W MA50 (blue trend-line) for the first time in more than 1 year (May 2023), it managed to hold the long term Support of the 1W MA200 (orange trend-line).
As this 1W chart shows, the Higher Lows of this pattern are periodic and cyclical and you can see that clearly with the use of the Sine Waves (also evident on the 1W RSI, the green circle bottoms below its MA). Every time the price broke above the 1D MA50 (red trend-line) following such a Low (3 times) it approached the top of the Channel Up.
The first Bullish Leg peaked at +79%, the second at +69%. If this is a progressive sequence, then the third (current) Bullish Leg could be -10% less than the last, i.e. +59%. As a result, the 1D MA50 (which applied high selling pressure this week), is the final Resistance and bullish break-out confirmation the price technically needs before it targets $240.00 (+59% rise).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Amazon Inc. (AMZN) spent the previous 2 weeks on a very strong recovery of the losses sustained in July - August, in fact those have been the strongest 2-week candles since October 23 - 30 2023.
That was the previous bottom of the 2.5 year Channel Up on its Higher Lows trend-line. Even though the stock broke below the 1W MA50 (blue trend-line) for the first time in more than 1 year (May 2023), it managed to hold the long term Support of the 1W MA200 (orange trend-line).
As this 1W chart shows, the Higher Lows of this pattern are periodic and cyclical and you can see that clearly with the use of the Sine Waves (also evident on the 1W RSI, the green circle bottoms below its MA). Every time the price broke above the 1D MA50 (red trend-line) following such a Low (3 times) it approached the top of the Channel Up.
The first Bullish Leg peaked at +79%, the second at +69%. If this is a progressive sequence, then the third (current) Bullish Leg could be -10% less than the last, i.e. +59%. As a result, the 1D MA50 (which applied high selling pressure this week), is the final Resistance and bullish break-out confirmation the price technically needs before it targets $240.00 (+59% rise).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BROADCOM The next expansion wave to $285 has begun.
Broadcom Inc. (AVGO) has already completed 2 weeks of gains that essentially recovered the majority of the July-led correction. This rebounded not only largely maintained the long-term Channel Up pattern that started on the October 2022 market bottom but also managed to keep the 1W MA50 (blue trend-line) intact.
This is an extremely bullish long-term combination as it should technically start the stocks 3rd long-term expansion wave as illustrated on today's 1W chart. As you can see the previous two peaked at +121% and +133% respectively. As a result our new long-term Target as of now is $285.00 (+121% from the recent bottom).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Broadcom Inc. (AVGO) has already completed 2 weeks of gains that essentially recovered the majority of the July-led correction. This rebounded not only largely maintained the long-term Channel Up pattern that started on the October 2022 market bottom but also managed to keep the 1W MA50 (blue trend-line) intact.
This is an extremely bullish long-term combination as it should technically start the stocks 3rd long-term expansion wave as illustrated on today's 1W chart. As you can see the previous two peaked at +121% and +133% respectively. As a result our new long-term Target as of now is $285.00 (+121% from the recent bottom).
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
USDJPY Strong buy opportunity long-term.
The USDJPY pair has been trading within a long-term Channel Up since the October 17 2022 High. The recent 6-week correction below the 1W MA50 (blue trend-line) is its technical Bearish Leg in order to price new Higher Low.
The pull-back even broke below the 1W MA100 (green trend-line) but recovered as it didn't close a 1W candle below it and now the price action has settled within the 1W MA50 and MA100.
If we do get a 1W candle closing below the MA100, wait for a buy near the bottom of the Channel Up, with the least risky buy being after the 1W MACD makes a Bullish Cross (has confirmed the last 2 major long-term rallies).
If it breaks above the 1W MA50 first though, the 1W MACD will most likely also complete its Bullish Cross earlier, so we will buy nonetheless, even though the reward potential will be less. In either case, our Target is Resistance 1 (as it was on the rally that peaked on the week of November 13 2023) at 161.800.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
The USDJPY pair has been trading within a long-term Channel Up since the October 17 2022 High. The recent 6-week correction below the 1W MA50 (blue trend-line) is its technical Bearish Leg in order to price new Higher Low.
The pull-back even broke below the 1W MA100 (green trend-line) but recovered as it didn't close a 1W candle below it and now the price action has settled within the 1W MA50 and MA100.
If we do get a 1W candle closing below the MA100, wait for a buy near the bottom of the Channel Up, with the least risky buy being after the 1W MACD makes a Bullish Cross (has confirmed the last 2 major long-term rallies).
If it breaks above the 1W MA50 first though, the 1W MACD will most likely also complete its Bullish Cross earlier, so we will buy nonetheless, even though the reward potential will be less. In either case, our Target is Resistance 1 (as it was on the rally that peaked on the week of November 13 2023) at 161.800.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BITCOIN needs to close above the 1D MA50 TODAY! Alert!
Bitcoin (BTCUSD) has been on a strong 2-day pull-back and reached today the 1D MA50 (blue trend-line) as a Support for the first time since last Friday's bullish break-out.
So far the 1D MA50 was tested as a Support on a pull-back during every Bullish Leg following a bullish break-out, during the past 5 months.
As you can see on this chart in fact, the 1D MA50 was tested and held (closed the daily candle above it) successfully on May 16 and July 18. It then moved on to test the Lower Highs trend-line of the March 14 High.
If successful again, we expect 68500 on the short-term.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bitcoin (BTCUSD) has been on a strong 2-day pull-back and reached today the 1D MA50 (blue trend-line) as a Support for the first time since last Friday's bullish break-out.
So far the 1D MA50 was tested as a Support on a pull-back during every Bullish Leg following a bullish break-out, during the past 5 months.
As you can see on this chart in fact, the 1D MA50 was tested and held (closed the daily candle above it) successfully on May 16 and July 18. It then moved on to test the Lower Highs trend-line of the March 14 High.
If successful again, we expect 68500 on the short-term.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
S&P500 The Bull Cycle is still far from over!
Six months ago while the market was undecided about whether or not the S&P500 (SPX) rally would continue, we presented a very useful multi-year chart on the 1M time-frame (February 27, see chart below), where we called for an extension of the uptrend, claiming confidently that the 'Bull Cycle is far from over':
https://s3.tradingview.com/f/fhCy7dEv_mid.png
As you can see those who bought without fear have enjoyed so far more than +15% gains. What's even more impressive is the massive bullish reversal of the August candle, that managed to close the month in green, despite the early aggressive sell-off.
This is a strong sign that the rally is far from over, but it's not the only one. The key here, and constitutes our main modification relative to the chart 6 months ago, is that the most accurate sell signal on a cyclical basis has been historically given after the 1M RSI breaks above the 70.00 overbought barrier and posts Lower Highs.
This signal has had 100% accuracy in the past 10 years, effectively projecting the 2015, 2018 and 2022 corrections. The 1M RSI also has a Channel Down Resistance to consider but the Lower Highs signal should be top priority for investors to start selling.
As a result, we expect the index to surpass the 6000 mark and even approach 6500, before we consider a cyclical selling sequence again.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Six months ago while the market was undecided about whether or not the S&P500 (SPX) rally would continue, we presented a very useful multi-year chart on the 1M time-frame (February 27, see chart below), where we called for an extension of the uptrend, claiming confidently that the 'Bull Cycle is far from over':
https://s3.tradingview.com/f/fhCy7dEv_mid.png
As you can see those who bought without fear have enjoyed so far more than +15% gains. What's even more impressive is the massive bullish reversal of the August candle, that managed to close the month in green, despite the early aggressive sell-off.
This is a strong sign that the rally is far from over, but it's not the only one. The key here, and constitutes our main modification relative to the chart 6 months ago, is that the most accurate sell signal on a cyclical basis has been historically given after the 1M RSI breaks above the 70.00 overbought barrier and posts Lower Highs.
This signal has had 100% accuracy in the past 10 years, effectively projecting the 2015, 2018 and 2022 corrections. The 1M RSI also has a Channel Down Resistance to consider but the Lower Highs signal should be top priority for investors to start selling.
As a result, we expect the index to surpass the 6000 mark and even approach 6500, before we consider a cyclical selling sequence again.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
BITCOIN Heavily supported by the 1WMA50. Rally can start anytime
Bitcoin (BTCUSD) has been following very closely the structural patterns of past Cycles and one analysis we did on the similarity sequences with cyclical fractals has been the following (September 19 2023):
https://s3.tradingview.com/p/pWpc8HqK_mid.png
As you can see, BTC followed the exact path we plotted and did what was expected by breaking above the 1W MA100 (green trend-line). With the price basically consolidating for the past 6 months (Bull Flag/ Channel Down), it is time to revisit this successful chart and see what lies next.
With some modifications, we can see that after successfully holding the 1W MA50 on the early August test, the price should (relative to the past 2 Cycles), start the new Parabolic Rally (green Arc). We are 147 weeks (1029 days) from the previous Cycle Top and 21 weeks (147 days) since the Halving. In past Cycles that was the exact point ('we are here') where Bitcoin initiated the aggressive rise.
In all cases the 1W MA50 held, so that is the market's goal now, to keep it intact so that buyers don't lose the psychological Support level. If it holds, breaking above the 100k should be a minimum expectation, especially ahead of this month's start of an Interest Rate Cut Cycle and the U.S. elections (traditionally markets are bullish post event) in November.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!
Bitcoin (BTCUSD) has been following very closely the structural patterns of past Cycles and one analysis we did on the similarity sequences with cyclical fractals has been the following (September 19 2023):
https://s3.tradingview.com/p/pWpc8HqK_mid.png
As you can see, BTC followed the exact path we plotted and did what was expected by breaking above the 1W MA100 (green trend-line). With the price basically consolidating for the past 6 months (Bull Flag/ Channel Down), it is time to revisit this successful chart and see what lies next.
With some modifications, we can see that after successfully holding the 1W MA50 on the early August test, the price should (relative to the past 2 Cycles), start the new Parabolic Rally (green Arc). We are 147 weeks (1029 days) from the previous Cycle Top and 21 weeks (147 days) since the Halving. In past Cycles that was the exact point ('we are here') where Bitcoin initiated the aggressive rise.
In all cases the 1W MA50 held, so that is the market's goal now, to keep it intact so that buyers don't lose the psychological Support level. If it holds, breaking above the 100k should be a minimum expectation, especially ahead of this month's start of an Interest Rate Cut Cycle and the U.S. elections (traditionally markets are bullish post event) in November.
SUBSCRIBE ✍️ and SHARE 🙌 if you liked this idea!