THIS CHART IS BASED ON HISTORICAL DATE In the first cycle, after the ATL, > BTC took 532 days to break above it’s previous ATH. > In the second cycle, it’s taken 546 days to break above its previous ATH. > If history repeats itself, we could see a new ATH around 385 days from today, possibly by December 2024. ROADMAP FOR BITCOIN HEALING > First Halving: July 9,...
PAYTM has felt 60% from highs Its making Broadening Pattern and its support is coming around 270-320 levels. Those who are thinking to go BUY can BUY around these levels.
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Wedge 📌 Symbol/Asset: RELIANCE 🔍 Description: Stock is making rising wedge on a smaller timeframe. Reliance is around curve resistance shown in the previous post. Reliance resistance is around 2980-3030 Connecting the dots shows Reliance should fall from here on. 👉 Disclosure: We are not SEBI...
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Curve Resistance 📌 Symbol/Asset: RELIANCE 🔍 Description: Reliance is near the resistance of curve on a weekly timeframe. We can see correction of upto 15-20% from this prices. Resistance is around 2990-3020 and Reliance stock should fall from these prices. 👉 Disclosure: We are not SEBI registered analysts,...
XAU, the symbol for gold, has broken down from a symmetrical triangle pattern after being within it for 91 days. From a technical standpoint, we can anticipate a 10% decrease in gold's price based on this pattern. After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987. Stay tuned for...
Introduction: In anticipation of Bitcoin's fourth halving scheduled for April this year, let's delve into historical price patterns to assess potential heights Bitcoin might reach in the years 2024-2025 and when the anticipated start of the next bull run may occur. Historical Analysis: First Halving (28-11-2012): A year before this event, Bitcoin was modestly...
#Bitcoin Daily Update: Bitcoin closed the day at $42,100, showing promise in its current trajectory. The price successfully breached the resistance trendline, and there are expectations for a test of the $44,000 resistance level. Several influencers and traders, including myself, previously speculated on the possibility of Bitcoin retracing towards the $30,000...
Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum. For the bulls to gain control and initiate an upward trend, it is essential for...
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Falling Channel 📌 Symbol/Asset: PAYTM 🔍 Description: Stock is falling from 1000 and stock can correct upto 300 levels. 250-300 support would be the best level to buy for paytm 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Bitcoin (BTC) is currently displaying a head and shoulders pattern on the 2-hour timeframe. Confirmation of this pattern requires a candle to close below the neckline. If this occurs, there is potential for a nearly 13% drop in accordance with the pattern. We are eagerly awaiting the next 43 minutes for the candle to close to assess the situation. Stay tuned for...
The price of #Bitcoin ( CRYPTOCAP:BTC ) has deviated from our initial projections but has adhered to the weekly forecast, notably breaking through a formidable resistance area and experiencing a significant surge. This upward movement appears to be catalyzed by the imminent news regarding a #BitcoinETF, suggesting a sustained price level until additional...
On the weekly timeframe, Bitcoin has been facing significant hurdles in overcoming a well-established resistance area. The ongoing struggle to surpass this key zone, situated around $43,250, is of paramount importance. The impending closure of this timeframe holds critical significance, as it is imperative for Bitcoin to secure a decisive breakthrough above this...
Bitcoin (BTC) has recently experienced a significant surge in price, characterized by a notable increase in trading volume, particularly evident in the Ichimoku cloud. This surge coincides with a breakout from a symmetrical triangle pattern, a technical analysis formation often regarded as a precursor to substantial price movements. The Ichimoku cloud, a popular...
The breakdown from the descending triangle pattern is indicative of a potential shift in market dynamics. Currently, the dominance is aligning with the established pattern, suggesting a continuation of this trend. From a technical standpoint, the observed breakdown implies a possible decrease of approximately 20% from the current position. This projection is...
From a technical point of view, a bullish consolidation on the intraday chart (30') is still possible. That said, the FX:EURUSD pair is triggering a corrective structure within a triangle (corrective Structure), so the bullish breakout should be able to push the price to 1.100 and then 1.1040 area. Trade with care Like | Share | Comment
#Bitcoin update Bitcoin is currently trading within a symmetrical triangle pattern, and a decisive breakout or breakdown is essential to determining the next directional move for Bitcoin. In this context, the 200-day moving average (200MA) is functioning as a support level. Stay tuned for further updates; I will continue to provide information as the situation develops.
In the next 25 days, the approval decision for the #Bitcoin ETF is anticipated. The market reaction to such news is often influenced by three types of news psychology: > Sell The News: Traders may opt to sell their assets once the news is officially announced. > Sell Before The News: Some investors may choose to sell their holdings in anticipation of the news,...
In the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated. In the daily time frame: - Ethereum faced rejection at the $2400 level. - The $1800 to $2000 range is identified as a support level, also representing...