In a similar vein to the chart posted earlier today about the patterns between the 50 and 100 SMA, this post is using the 50 SMA ( RED) and the time spent above and below PA. Alongside this, we have the day counts for PA LOW to PA ATH since 2014 After 2013 ATH and once the 50 SMA dropped below PA, it spent 399 days below PA After 2017 ATH and once the 50 SMA dropped below PA, it spent 329 days below PA After 2021 ATH and once the 50 SMA dropped below PA, it spent 420 days below PA - This is an impressive stat as it includes the Deep Bear that we experienced after the Luna, 3 Arrows & FTX crashes, includes the raising of interest rates and the utter presecution by Banks and SEX in the USa. The fact that the drop below PA was only extended by 35 days ( average) Max shows a strength in Bitcoin sentiment. It could NOT be broken In 2015, once the 50 SMA has risen above PA, it remained there for 938 days In 2019, once the 50 SMA has risen above PA, it remained there for 1001 days In 2023, once the 50 SMA has risen above PA, we have been above for 756 days of an expected average projection of 966 days This projects that PA will Drop Below the 50 SMA in about October 2015, After the ATH as previously. This points towards an ATH in Q4 - this has some confluence with the previous post though open to suggestion. Next is the simple PA LOW to ATH and Back to LOW day counts 2013 ATH to Cycle Low was 665 days then 847 days to Cycle ATH 2017 ATH to Cycle Low was 350 days then 1064 days to Cycle ATH 2021 ATH to Cycle Low was 378 days then, using the average of the two previous day Count from Low to ATH, gives us 952 days to Cycle ATH This puts an ATH in JUNE 2025 ! I do not think this is realistic in anyway however, Anything is possible currently. I do however think that June is about when PA could seriously begin to make Moves higher, with intent to reach a Cycle ATH. The reason being, the weekly MACD will have reached Neutral by then ( if not in mid May ) https://www.tradingview.com/x/qDOVUe4m/ So while this chart offers some confluence to other ideas, it also offers another ATH date that is way earlier than any previous cycle ATH - While I feel this is unlikely to happen, we Must keep open minds.. the adoption of BTC by main stream now may well accelerate the PA cycle. We shall wait and find out. Be prepared for ALL occasions....including the arrival of an early Bear. - THAT will be in another post, at some point soon Stay safe
Target 350 ? They RAN it down 15% THEN BOUGHT THE DIP! I am 60k in DEEP! The NEW White House CAR? This has a great R/R setup I will keep you alerted here no charge just drop a heart for me this has 100X huge potential
Its SOL, I already mentioned its gonna boom to 240 but before that it needs to settle somehow to the point of 146, so i pref wanna say its long till 145 and again short from the tops to the bottoms, 126 is inevitable
*Tools & Patterns Used in This Chart (GBP/USD - 45m Chart)* #### *Key Tools & Concepts Applied:* 1. *CHOCH (Change of Character)* - A shift in market structure indicating a possible trend reversal. 2. *BOS (Break of Structure)* - Confirms bearish momentum by breaking previous lows, signaling a continuation downward. 3. *Order Block (OB) - Supply Zone* - The *pink highlighted area* marks an institutional *sell zone*, acting as a resistance level for potential short entries. 4. *Trend Line & Break* - A descending *trend line* helps identify the bearish trend, showing rejection from the *order block* and maintaining the downward trend. 5. *Liquidity Draw Movement (LDM)* - Suggests price liquidity areas before the expected price drop. 6. *Risk-to-Reward Setup:* - *Stop Loss (Red Zone - Above OB)* → Limits risk if price invalidates the setup. - *Take Profit (TP - Blue Zone at Lower Support Level)* → Target price based on structure. ### *Pattern Used:* - *Bearish Trend Continuation Pattern* → Price is retesting the *order block* before a potential continuation downward. ### *Conclusion:* This chart follows a *smart money trading approach, using CHOCH, BOS, Order Blocks, and Trend Lines to anticipate a **short (sell) trade setup* with a well-defined risk-to-reward strategy. Would you like more details on any of these concepts?
We are seeing a possible correction to take purchases. The analysis is based on Elliot waves.
? CRYPTOCAP:LTC ⁀➷ #Litecoin. Macro chart Another ? Intermediate Target - $194 ? Macro Target 1 - $270 ? Macro Target 2 - $422 ? Macro Target 3 - $638 - Not financial advice, trade with caution. #Crypto #Litecoin #LTC #Investment ✅ Stay updated on market news and developments that may influence the price of Litecoin. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
Its not redbull is redusdt, Plan your shorts well before buying, Rather wait for the shorts from the points mentioned
This week, the gold market has shown a highly remarkable performance. The spot gold price once surged strongly and broke through the historical high of $3,004 per ounce. Although it subsequently retreated to some extent, the weekly gain remained quite notable, vividly demonstrating the robust market momentum. Looking ahead to next week, the gold market will be influenced by a complex web of multiple factors, and its price trajectory is fraught with uncertainties. I. Impact of News (A) Geopolitical Situation The U.S. decision to levy a 200% tariff on European wines has stoked profound concerns within the market regarding the potential further deterioration of the global trade landscape. The exacerbation of trade frictions typically heightens market risk - aversion sentiment substantially. Gold, as a traditional haven asset, generally stands to benefit from such circumstances. Additionally, the progress of the Russia - Ukraine peace talks has been commanding significant market attention. Should the talks culminate in a substantive peace accord, market risk - aversion sentiment is likely to experience a sharp decline, thereby exerting downward pressure on the gold price. Conversely, if the talks collapse or progress falters, the haven demand for gold is expected to escalate further. (B) Economic Data and Policies The performance of U.S. economic data wields a pivotal influence over the gold price. Recently, the emerging changes in U.S. economic data have lent a certain degree of support to the gold price. Simultaneously, the market's anticipations regarding the Federal Reserve's monetary policy direction are in a state of continuous flux. The Federal Reserve is scheduled to hold a policy meeting from March 18th to 19th. Prior to this, it enters a quiet period. The consumer price index (CPI) data for February, set to be released next week, will emerge as the central focus of the market. If the core CPI registers a month - on - month increase of 0.2% or less, it might significantly fuel market expectations of a Federal Reserve rate cut in May, thus powerfully driving up the gold price. Conversely, if the data records an increase of at least 0.5%, it could markedly enhance the allure of the U.S. dollar, rendering the upward movement of the gold price more challenging. Furthermore, the improvement in global risk sentiment has also exerted a certain degree of suppression on the haven demand for gold. When global stock markets perform robustly and investors' risk appetite surges, funds tend to flow away from haven assets like gold and into risk - on assets. For instance, the recent substantial rallies in the U.S. stock market and the across - the - board upswings in the European stock markets have both exerted a bearish impact on the gold's price trend. II. Technical Analysis (A) Daily Chart Level This week, the daily chart of gold presented a robust three - consecutive - day upward streak, convincingly highlighting the formidable strength of the bulls. In terms of the moving average system, the gold price closed above the 20 - day simple moving average for the majority of this week, clearly signaling an upward short - term trend. Meanwhile, the relative strength index not only successfully pierced through the 50 - level but also advanced further towards the 60 - level, indicating a strong market condition. However, currently, the RSI is edging close to the overbought zone, suggesting a high probability of profit - taking in the short - term. Analyzing through the lens of Fibonacci retracement, the confluence of the upper trend - line resistance and the Fibonacci 2618 level occurs in the vicinity of 3025. This area will emerge as a crucial resistance level for the gold price's upward movement next week. If the gold price manages to breach this resistance zone successfully, it is likely to further unlock the upward potential and strive for higher historical highs. Nevertheless, it is worth noting that on Friday, the gold price experienced a rapid retreat upon reaching the 3,000 - level, underscoring the intense profit - taking pressure among the bulls at this key psychological threshold. The 2,956 level below, which represents a bottom - to - top conversion point, becomes a vital support level. Should the gold price retrace to around this level and secure effective support, the bullish trend stands a good chance of persisting. Conversely, if the gold price breaks below this support level, it may trigger a more extensive retracement. (B) Hourly Chart Level During the U.S. trading session on Friday, the gold price underwent a relatively mild correction, bottoming out at 2,978. At present, the hourly moving average system exhibits a bullish golden - cross upward pattern, indicating that the bullish forces still hold sway in the short - term. Nevertheless, vigilant attention must be paid to the evolution of the moving average system. Should the moving average system reverse its course next week, it may signify a waning of the bullish momentum. Designating the 2970 - 2975 range as the bull - bear demarcation line, if the gold price can maintain stability above this range, it will offer favorable trading opportunities for short - term bulls. Once the gold price drops below this range, it may weaken at any moment and initiate a retracement. III. Comprehensive Analysis and Trading Recommendations Taking into account both the news - driven and technical aspects, the gold market's trend next week will be shaped by the intricate interplay of bullish and bearish factors. On one hand, the uncertainties in geopolitical risks and the market's expectations of a potential Federal Reserve rate cut furnish the internal impetus for the gold price to ascend. On the other hand, the improvement in global risk sentiment and the profit - taking pressure on gold at elevated levels concurrently pose a certain degree of constraint on the gold price. For investors, during the trading activities next week, it is imperative to closely monitor the release of key events and data. Prior to the data release, the market is likely to adopt a cautious stance, and the gold price may exhibit relatively subdued fluctuations. Particular attention should be directed towards the market's response subsequent to the release of the February CPI data. If the data aligns with expectations, trading operations can be executed in line with the gold price's trend. For example, if the data is bullish for gold and the gold price breaks through the key resistance level around 3025, appropriate consideration can be given to chasing long positions. Conversely, if the data is bearish for gold and the gold price breaks below the critical support level of 2956, short - selling positions can be prudently considered. From a technical vantage point, if the gold price retraces to the vicinity of the 2970 - 2975 range at the onset of next week and receives effective support, a modest long - position entry can be attempted. Set the stop - loss order below 2965, with the target set at the 3000 - 3025 area. If the gold price surges directly to around 3025 and encounters resistance and retraces, short - selling positions can be contemplated near this location. Set the stop - loss order above 3,030, with the target set at the 2975 - 2956 area. It is crucial to emphasize that the gold market is characterized by extreme volatility. During trading, investors must stringently control their positions, rationally set stop - loss and take - profit levels, and effectively safeguard against significant losses that could be precipitated by sudden market shifts. If you're struggling to find direction or generate profits in finance, I'm here to help. As a seasoned financial analyst, I'm great at decoding market signals for profit - making chances. I'll customize a plan for you. Contact me now to start seeing financial gains!
SOOO I am back and i was so busy with so many things, DAANG! OKAy so BTC nPoC 86.5k and it always will unleash the heath and break it off to the stiuplated position as mentioned below, Look for the arrows and plan accordingly!
A logarythmic chart of gold during Us recessions..