Still tracking the final move (5th wave) of BTC wave 3 of 3 of 5! Wave 2 appears complete with some very choppy price action to flush out the longs mostly and we should be in wave 3 of this move up; I am expecting it to be pretty impulsive for it to achieve the expected targets given that the first move has been very shallow... $107K seems reasonable from here...
4H 200MA SUPPORT OB +other confluences Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. The Solana protocol is designed to facilitate decentralized app (DApp) creation. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. Due to the innovative hybrid consensus model, Solana has attracted the attention of small traders and institutional traders. An important focus of the Solana Foundation is to make decentralized finance available on a larger scale.
weekly : bearish fib works for me https://www.tradingview.com/x/zGmnNRgA/ Daily : strong zone Bw https://www.tradingview.com/x/D8k6bvia/ 4H : bw with bos https://www.tradingview.com/x/otaXzLGl/
A Surge in Supply Reduction The Shiba Inu ecosystem has once again sparked investor interest as its burn rate surged by an astounding 3,400%, reducing the circulating supply by over 2 billion SHIB tokens. This significant burn, executed by key wallet addresses, signals a concerted effort to decrease supply and drive long-term value through scarcity. Over the past week, a total of 4.23 billion SHIB tokens were burned, reflecting a broader trend that aligns with the fundamental law of supply and demand. Recent large-scale purchases by a major SHIB whale further underscore growing institutional interest, contributing to an optimistic outlook. These strategic burns and acquisitions set the stage for a potentially bullish future as the reduced supply could lead to upward price pressure. Technical Analysis Despite the fundamental optimism, Shiba Inu's current price action paints a mixed picture. At the time of writing, CRYPTOCAP:SHIB is down 6%, trading around $0.00002813. It recently formed a bearish pattern, but crucially, the daily chart reveals a developing bullish flag—a pattern that often precedes significant upward breakouts. The Relative Strength Index (RSI) stands at 51, indicating neutral momentum. This provides ample room for CRYPTOCAP:SHIB to break the current wedge pattern and push higher, should buying pressure intensify. The coin's monthly gain of 70% suggests that the recent dip could be a temporary consolidation before another upward thrust. What’s Next for CRYPTOCAP:SHIB ? Shiba Inu's combination of strong community support, a rising burn rate, and significant whale activity lays a robust foundation for future growth. While the current dip reflects short-term market corrections, the underlying fundamentals suggest that CRYPTOCAP:SHIB could be preparing for a breakout. We predict a doubling in price if the bullish flag pattern holds and the burn rate continues to impact supply. Investors should watch key support levels around the 38.2 % Fibonacci retracement, as any sustained move above this level could signal a new bullish phase. Conclusion: Shiba Inu's recent burn rate surge is more than just a statistical anomaly—it’s a signal of strong community-driven efforts to reduce supply and enhance value. Combined with its growing ecosystem and solid technical setup, CRYPTOCAP:SHIB may soon reward patient holders. The question isn’t if Shiba Inu will rebound; it's when.
Tesla ( NASDAQ:TSLA ) is clearly not done for 2024: https://www.tradingview.com/x/oba064rC/ Click chart above to see the detailed analysis?? Despite (or maybe even because of) the strong rally during November of 2024, Tesla is clearly not done with its bullish plans yet. Market structure, cycles and also price action are all pointing to a stronger move higher and we will see at least a retest of the previous all time highs. Levels to watch: $420 Keep your long term vision, Philip (BasicTrading)
Fundamental Analysis Bullish CAD Factors: Oil Prices: Canada’s economy is heavily reliant on oil exports. Rising oil prices typically strengthen the CAD. If crude oil prices rebound, CADJPY could move higher. Economic Outlook: Recent data might indicate improving Canadian GDP growth or employment figures, supporting CAD strength. The Bank of Canada’s monetary policy stance (e.g., potential rate hikes or a neutral tone) can boost CAD sentiment. Bearish JPY Factors: BOJ Monetary Policy: The Bank of Japan continues its ultra-loose monetary policy, suppressing JPY strength. Low interest rates and yield curve control weaken the JPY compared to higher-yield currencies like CAD. Risk-On Sentiment: During December, markets often exhibit a "Santa rally" (bullish equities). Risk-on sentiment favors CAD over the safe-haven JPY. Seasonality: Historically, CADJPY trends bullish in mid to late December due to: Increased demand for risk assets. Seasonal oil demand, which strengthens CAD. Year-end positioning and reduced JPY demand in global markets. *************************************************************************** Technical Analysis The CADJPY chart indicates bullish divergence on the RSI. Price is making lower lows while RSI is making higher lows, suggesting a potential reversal. The pair is testing a strong support zone around 105.00–106.00. Historical price action shows that this level has acted as a significant support in the past. A falling wedge pattern is forming: This is a bullish reversal pattern, indicating that a breakout to the upside is probable. Bullish divergence near the oversold region signals buying pressure is increasing. Increasing volume near the support zone may confirm a breakout to the upside.
BTCUSD could see something like this play out with perfect market conditions and a full 4.236 Fibonacci extension. This would solidify the lengthening 4 year cycle theory, and send price to a staggering $230k per coin. Let's see what happens. History often rhymes. Expect volatility in Spring 2025 as US tax season approaches, and be prepared for the "Sell in May" crowd to sell off if the price run up to March and April is substantial.
Not is going to moon, lets take it, Not is going to moon, lets take it, Not is going to moon, lets take it
12/3/24 :: VROCKSTAR :: NASDAQ:OKTA Long print ~$80, setup B+ - if one thing is clear, it's that beats and misses are ultra-super-duper-did-i-mention-ultra magnified these past Q's and especially this 3Q reporting season - the beats, however, are sending stuff ape'ing so if you can find decent setups, it probably pays to neck out a bit until the punch bowl gets taken away - i have followed NASDAQ:OKTA for a while and made a private comment (prior to opening up my writing) earlier this year. the math just didn't make a ton of sense to me then, SBC was still an issue, valuation was not obvious and it proved to be pretty spot on - the stock has effectively been dead money - but given the beats we've seen from panw, zs (albeit stonks haven't really reacted - but valuation for these is in the stratosphere which is why i've just been in watch mode), okta presents an interesting case where if you look at google trends (as it's a consumer facing B2B)... they're squarely up and to the right. with all the russia russia russia, china china china rhetoric... identity mgmt remains a great "factor" - while again, the SBC issue does rub me the wrong way, the stonk isn't broken, momentum is good and so i'm not going to count it against the valuation just yet which puts cash yield in the 5% range growing >10% which... with a unique biz is a good setup. - again PE in high 20s... i think u can do better e.g. i love NYSE:TSM most of all tech-related names (i don't put NASDAQ:NXT in that bucket, which is my largest single name and consider more "infra-energy"), but again... a beat, a raise, any positive speech could easily send this NASDAQ:OKTA to fil it's sub $100 gap from last Q. - i'm not wed to it tho, i'm borrowing some upside using Jan ITM calls, so any down move if it's -10-15% or w/e i can decide to reload, adjust etc and won't hurt the bank of V. but if it runs, it's probably a multi-day situation as we've seen with a lot of the recent beats esp given the current tape. what do u think? V
Double Top Formation (Bearish). However, Still Bullish on All Time Frames, if it Crosses & Sustains 490 - 491, we may witness 516 - 517 immediately.