This is just a quick update to correct an error I made in my last video. I stated that when viewing the monthly Bitcoin chart with the Stochastic RSI indicator, a drop below the 20 level signaled that the peak had been set for the market cycle. This is true for every market cycle except the 2021 market cycle with the double top. During the summer of 2021, the Stochastic RSI indicator dropped slightly below the 20 level but then recovered to move back above the 20 level during the push higher to the second peak.
Keep shorting gold around 3040. It has already started to generate profits now. Persistence pays off. The ultimate victory will surely belong to us. Currently, my account balance has grown from an initial $40,000 to $700,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
Hello TradingView community JosePips here with another breakdown for you guys! OK so I don't usually go into breakdowns on crypto with the public but wanted to share this because I truly see an opportunity to not only potentially trade BTC but also opportunity for longer term investments...so here we go!! OK so first things first. Bitcoin pretty much speaks for itself as the giant of crypto. Recently surpassing SILVER in market cap...which is WILD. SO this asset has deemed itself worthy of investment and at least something to strongly consider adding to your portfolio if you are the more "aggressive" type. OK so now that we addressed that let's do a breakdown of what I am seeing technically here. I will give a numbered list so you can easily follow along 1. Bitcoin is down 30% from all time highs (DISCOUNT MODE) 2. Bitcoin is sitting at very significant recent demand (buyer zones) 3. Bitcoin has Fibonacci alignment/confluence 4. Daily/Weekly oversold conditions OK so wanted to keep this post very simple. Want to just share some insight I potentially see taking place with this crypto and really the market in general. With the US (United States) now working to be the crypto capital of the world I think it gives a great fundamental preset to look for longer term holds for this crypto. Add that with the fact that technically & psychologically it is at a great level...I think we may have some opportunity here! So hope you guys enjoyed this breakdown! Please boost this post and comment and follow my page for more accurate analysis and potential setups! Until next time...Cheers!
Is altseason about to begin? VET is currently breaking out of the downtrend after touching the LT critical support earlier so once we close the daily candle on a bullish note then we are going to go higher! There is currently plenty of positive news out there but the sentiment is still pretty bearish. Let's remember that corrections are very healthy and it looks like we are still very much on track this bullrun!
A supply zone at 5923 indicates a potential area of selling pressure, where price may reverse or stall. Traders can consider shorting on price rejection at this zone, with a stop loss above 5923 (e.g., 5950) and a target at the next support level (e.g., 5750).
Market Recap: On Wednesday, BankNifty opened gap-up, dipped to a low of 49,324.80, and then rallied to a high of 49,807.55, entering both the 75m & Daily Supply Zones. It closed flat at 49,702.60, gaining 388 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support Zones Near Demand/Support Zone (15m): 49,249.15 - 49,309.55 Near Demand/Support Zone (75m): 48,908.20 - 49,121.05 Near Support: Around 47,850 (Multiple supports on the Daily Chart) Far Support: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,665.95 - 49,829.40 (Tested) Near Supply/Resistance Zone (Daily): 49,703.10 - 50,641.75 (Tested) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Outlook As highlighted in the previous post, BankNifty showed strong bullish momentum and even surpassed the 49,500 mark, as anticipated. However, the short-term trend is now in the overbought zone. ? With multiple supply zones nearby and BankNifty testing the 75m & Daily Supply Zones today, a pullback or correction is possible. Caution is advised when going long at these levels.
https://www.tradingview.com/x/1dQimL4c/ ✅AUD_JPY made a retest Of the horizontal support Of 94.600 after a breakout Earlier so we are bullish Biased and we will be expecting A further move up LONG? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#xrpusd broke 2.50 resistance level on daily chart. The short term trend is up
The Ethereum is Good coin ($EBULL) a token used as Ethereum's mascot saw a noteworthy uptick in price surging 66% today a move we believe to have been related to the rise in the Ethereum price to reclaim the $2k pivot point. The $EBULL token recently in the start of year underwent a Community Take Over (CTO) as the community took to their hands to make the project a worthwhile project under the Ethereum network. With backings from Vitalik Buterin and notable crypto exchanges like Poloniex, the $EBULL coin stands to be a coin or token worth hording in your wallet. Technical Outlook As of the time of writing, the $EBULL is up 35% trading with a bullish RSI of 71. The surge today was as a result of a breakout from a falling wedge pattern that saw $EBULL tanked to $968k in market cap from a high of $3.4 million just months ago. $EBULL might encounter a reprieve in the $0.00011 support point before picking momentum up towards recent highs. ETHEREUM IS GOOD Price Live Data The live ETHEREUM IS GOOD price today is $0.000122 USD with a 24-hour trading volume of $103,532 USD. ETHEREUM IS GOOD is up 30.72% in the last 24 hours, with a live market cap of $1,215,331 USD. It has a circulating supply of 10,000,000,000 EBULL coins and a max. supply of 10,000,000,000 EBULL coins.
✅ Bullish Case (If Price Holds Above ChoCh - $12.39) Entry: Above $12.50 (Confirmation of 50 EMA break). Stop-Loss: Below $12.30 (Invalidation of ChoCh). Target 1: $13.07 (Key Resistance). Target 2: $13.46 (Major Resistance). ❌ Bearish Case (If Price Falls Below ChoCh - $12.39) Entry: Below $12.30 (Confirmation of failure). Stop-Loss: Above $12.50 (Invalidation). Target 1: $11.41 (Key Support). Target 2: $10.92 (Major Support).