Analyze USDCHF Chart in All ScalesLet's Look at USDCHF Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
Fractal
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
SHIB Major Trend. 09 2024Logarithm. Time frame 1 week.
Line chart , without market noise.
Secondary trend. Channel Zone.
BITCOIN ULTIMATE PARABOLIC CURVE CHART | Insane $181,267 Target!🟢 Hello, fellow traders! I’m excited to share an update on Bitcoin price prediction and the potential implications of the Parabolic Curve pattern we witnessing at the moment!
Today, let’s dive into the Parabolic Curve as Bitcoin approached the end point of Base 4. Understanding this pattern can help us evaluate future trading opportunities.
The Parabolic Curve often surfaces near the culmination of major market surges, marking the end result of multiple base formation breaks. This pattern is typically seen in growth assets with innovative technology or visionary leadership — Bitcoin is a prime example.
Last year, at the pivotal point of Base 3 , indicated by the "X" on the chart at $25,700 , Bitcoin doubled in a remarkably short timeframe.
The hallmark of this pattern was its staircase-like formation, where the price created short-term bases before catapulting to new highs, repeating this cycle multiple times during its ascent.
In my analysis using Fibonacci tools and Elliott Waves , I've observed that:
Base 4 in the range between the $72,759 resistance and $55,257 support , with lowest spike at $49,000 .
The anticipated sell zone for the parabolic move was positioned between $149,175 and $181,267 .
This parabolic curve, reminiscent of a rocket's trajectory, has demonstrated significant persistence. However, as we saw, caution is a key as this pattern near completion; rapid upward momentum can conclude abruptly, resulting in price declines that outpace previous gains.
What are your thoughts on Bitcoin's recent movements? Did you spot the Parabolic Curve unfolding as anticipated? Share your insights in the comments below — I’d love to hear your perspective!
Your support means the world to me, so if you found this analysis valuable, please smash that like button and follow for more insights!
28-Sep-24I'm now deviating from my previous forecasts. I think we may be about to drop straight through the previous range not that we've reached the liquidity above 66K
TSLA💹
Outlook: TSLA has been breaking bullish and currently re-accumulating. I am expecting price to continue to at least 259.36 and maybe get some scalps inside this 30m range to end the week. Need a bit of more conviction from the market inside the 6m chart. An impulse before a correction.
Bias: Bullish
GU seeming to provide a big bearish mobve for this friday 1. The week seems to have formed a high on tues which was retested yesterday thursday that it
2. the week has swept into NWOG
3. An hourly ob can be seen right around 1.38 levels
4. Expecting it to retrace till its weekly open OANDA:GBPUSD
GU seeming to provide a big bearish mobve for this friday 1. The week seems to have formed a high on tues which was retested yesterday thursday that it
2. the week has swept into NWOG
3. An hourly ob can be seen right around 1.38 levels
4. Expecting it to retrace till its weekly open OANDA:GBPUSD
XAUUSD💹
Outlook: Gold is looking a bit choppy this NY session and want it to either clear some lows and re-accumulate or come a bit higher and show some money behind it for me to look for long entries on lower time frames.
Bias: Neutral/Bullish needs time
NAS100💹
Outlook: NAS100 just came off of a large re-accumulation after a bullish run during Tokyo yesterday afternoon. Price is making its way back up above the EMAs but needs some time to show some more money coming in behind it for me to look for longs.
Bias: Bullish
27-Sep-24Price broke higher than I expected, but I'm still seeing a lot of indecision. I think we will retest the bottom of the old range before breaking to a higher high. This will squeeze the range as we head towards the end of the month, eventually resulting in a correction to $61,666 in October
26-Sep-24 UpdateThe lack of volume and failure to break GETTEX:64K on this recent bounce suggest that the range could be ready to break downward.
The market is still very undecided so I think we will bounce straight back up to touch the mid point of the range.
26-Sep-24My last two forecasts have been relatively accurate, it looks like we might be forming a megaphone as expected, but the targets and timing are now slightly different.
I think we will continue to oscillate within the range, breaking below and above to squeeze longs and shorts, before settling at about $61,000 at the end of the month
XAUUSD 9/26/24💹
Outlook: Price is looking really good breaking bullish and accumulating coming off a re-accumulation with protected lows. I wanna see price show some money coming in NY session tomorrow above the EMAs before dropping to the 6m time frame to validate price once again. But Gold is looking really good for tomorrow or Friday for longs so keeping an eye on this for sure for possible setups into continuation.
Bias: Bullish, needs time to show some money coming in above EMAs. KEEPING AN EYE OIN THIS AHHHH
NAS100 9/26/24💹
Outlook: Price is way to overextended form what it looks like a Tokyo run/continuation where you could have gotten involved. However I did not which is okay because I will be waiting for NY news tomorrow to pass where then I will look for continuation trades.
Bias: Neutral until we re-accumulate and make a pullback into the 10/20emas.
USDJPY 9/26/24💹
Outlook: Price is breaking bullish and accumulating nicely however it is over extended for my liking and would like price tomorrow or later in the week like Friday to re-accumulate into the 10/20 or 50ema even and then start another run higher where I can get involved.
Bias: Neutral until we meet re-acc rules.
MSFT 9/26/24💹
👁️ Outlook
30m Context Time Frame: Price has been breaking bullish on the daily and 5hr, however needs some time to break bullish on the 30m time frame and come above the EMAs. Once that happens and shows money coming in then I want price to re-accumulate before going down to my Validation 6m time frame but this is a good stock to look at once that happens with lots of liquidity above.
Bias: Neutral until signs of money coming in above EMAs
Keeping an eye on this. 👁️
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias:
1. Surging demand for AI chips driving record-breaking revenue growth
2. Launch of next-gen Blackwell architecture expected to outperform current offerings
3. Expanding market share in data center and cloud computing sectors
4. Strong cash flow and $50 billion share buyback program announced
Utilizing Probabilities for Long Positions:
As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA.
By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively.
12M:
2W:
1H:
What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies.
Have a perfect trading week! 🚀
EUR/USD Bearish Outlook: Boost Your Trading EdgeKey Fundamentals Impacting EUR/USD:
- Economic Slowdown in Europe: Recent data suggests that the Eurozone is facing economic challenges, including declining manufacturing output and rising unemployment rates, which could weaken the euro against the dollar.
- Strengthening US Dollar: The Federal Reserve's commitment to maintaining higher interest rates to combat inflation is bolstering the US dollar, making it more attractive to investors.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in Eastern Europe, are adding uncertainty to the euro's stability, further supporting a bearish outlook.
In my trading strategy for EUR/USD, I am focusing on probabilities to guide my decision-making process.
Take a look at these analyses to see the details behind this trade idea.
1W:
Hourly timeframes:
NVDA at $172.00???Disclaimer: Please note that this analysis is for educational purposes and is not a recommendation to buy or sell. I'm sharing a technical perspective based on chart patterns. Before making any investment decisions, it's always good to do your own analysis.
Looking at the daily chart of NASDAQ:NVDA , we can see that the stock is about to break out of a symmetrical triangle . Basically, what's happening here is that the price is "squeezing" between support and resistance until the moment of breakout. And when that happens, we usually see a stronger move in the direction of the breakout.
The target for this breakout is projected by measuring the vertical height of the triangle (the distance between the highest and lowest points of the pattern). We then add this value to the breakout point, which in the case of NVDA , gives us a target around $171.95 . So, if the breakout occurs, that's the range where we can expect the price to go.
However, it's worth noting that symmetrical triangles aren't always the most reliable patterns. Many analysts point out that breakouts don't always result in strong or sustained moves. This is because the triangle can form during both consolidation phases and potential reversals, and it’s not always easy to determine which direction the price will go.
Additionally, authors like Martin Pring in Technical Analysis Explained and Bulkowski highlight an important drawback: when the breakout occurs near the apex of the triangle (the final point of convergence), the resulting move tends to be weaker. This happens because, by that time, the buying or selling pressure may have already dissipated, which weakens the breakout. And this is exactly where NVDA is right now, which could make the breakout less powerful.
What do you think? Do you believe NVDA’s breakout will be strong enough to reach the $171.95 target, or could the proximity to the triangle’s apex weaken the move? Let’s discuss your thoughts in the comments!
NAS100 9/24/24💹
👁️ Outlook
30m Context Time Frame: NAS100 has been breaking billish and re-accumulated during NY open and is now surfing the emas 5,10.20. Price is looking very nice for lower time frame entries and is now headed to 20027.1
Daly Bias: Bullish
Keeping an eye on this. 👁️
