WICKS read stories & LOW ATR means BULL POWER Wicks play book stories and body candles tells us the facts = PRICE ACTION
See prior ATR vs now. See the up move from before and what is expected next. When ATR taps the moving average, candles move up into SPACE. See for yourself BULL RUN has been placed on hold just for a moment, not because of ATR, but because there’s a dump hold. Not sure why. Not all data is displayed.
When I said BULL RUN, meant it. It’s no tinfoil hats making this up.
ATR is under the MA. What does this read to us? Reads BTC turning into a HULK soon.
This is part of my algorithm.
Blue wave is my algo, see before and after. There’s no signal for a major dip. Reads consolidation. When my blue wave begins to curve up, then I’d be worried. That could mean we may see $60k.
See my first yellow square that points out to my ATR. Compare that to when BITCOIN made its move up vs now. You'll get your answer
Equal high always means downtrend or to stay within range. It’s a crypto rule, it must abide by its regulations. Can this be part of the dump? Who caused this equal high wicks.
What have we seen so far? Stability:)
Hope this keeps you motivated
The END
Growth
Would you still increase your holdings at this point?The the stock of social media company has risen by 8.06% in the past month, lagging the Computer and Technology sector's gain of 8.7% and overreaching the S&P 500's gain of 3.34%.
The stock is at an all-time high, but positions are not larger than ever, and traders are cautious and not rushing into the market.
Nvidia - How high is too high?Nvidia (NVDA) continues to defy gravity, hitting $140 in pre-market trading today.
This translates to:
A 23% increase in June alone
A 55% increase in Q2
A staggering 184% increase since the beginning of the year
A 225% year-to-date (YTD) surge
These are the kinds of figures we've come to expect from Nvidia, making even impressive YTD gains of 27% by companies like Microsoft look pedestrian. Nvidia's rise has also propelled it to the top of the market cap rankings, becoming the world's most valuable publicly traded company.
The Question of Sustainability
The burning question is, can this growth be sustained?
So far, Nvidia has the numbers to back it up. The company has already generated more EBITDA this year than in all of FY2023. While its Price/Earnings Growth (PEG) ratio of 1.55 suggests a slight overvaluation, and has been increasing steadily for a year, it remains below the PEG ratios of multi-trillion-dollar peers like Microsoft and Apple.
Technical Indicators Flashing Green
The technical indicators also paint a bullish picture. The stock is well above its short-, mid-, and long-term moving averages, indicating strong momentum. The recent surge in volume further confirms heightened investor interest.
The Bias and Sentiment Strength (BASS) Indicator, a composite tool created by @mattzab combining several technical indicators, also flashes a strong buy signal for Nvidia. (For a detailed explanation, see this page: ).
The Road Ahead: Smooth Sailing or Bumpy Ride?
The big question is whether we'll see a soft landing, a minor pullback, or a significant dip. This will depend on how many investors decide to take profits and the speed at which they do so. A rapid sell-off would likely be triggered by a sudden collapse in the "AI hype" or if companies find themselves unable to effectively utilize their new AI chips, or their efforts to capitalize on LLMs fail.
It's still early days in the AI boom, but parallels have already been drawn with the dot-com bubble which many investors are old enough to remember. It took Apple more than 5 years after the crash to reach its dot-com peak, and Microsoft needed more than 14 years. While there is no looking back for these stocks now, one shouldn't forget that Cisco, which was regarded as a crucial internet infrastructure provider at the turn of the century, never reached its dotcom peak again. But then again, past market crashes do not guarantee future losses, or how did the saying go again?
For now, the status quo remains: everyone is bullish as long as everyone else is bullish as well.
As always, stay vigilant out there!
Found a HIDDEN BULLISH DIVERGANCE: Here is a hidden bullish divergence that is still in process. Show to complete by today at 5 PM PT.
MY custom RSI has not completed its lower low yet and will by today at 5 PM PT. This means the bullish reversal from a LL will start making its way up.
Then hopefully the BULL gets released.
J symbol for the month of JUNE and numerics for the day of the month. Days are separated by each tick of 5 days.
This is a thorough detailed idea that shows in my opinion to come next with very little to say.
AMSC Computer medium cap beats earnings LONGAMSC on the daily chart has went 3X in 7-8 months on the strength of earnings beats and
the tailwinds of the AI supertrend. I see this as an excellent swing long trade to hold into
the next earnings in 3-4 months. AMSC is currently at its ATH and going higher means no
overhead resistance.
ETCC is taking off, DO NOT miss this oppotunity! //BE CAREFULTime to fly with excellent technical and fundamental stock
#Even though it seems like too high but worth enough to take this risk but you have to control your risk carefully
Stoploss (100%) when close price less than 0.67
Take Profit (30%) when close price reach 4.87
ALTR is taking off, DO NOT miss this oppotunity !b]Time to fly with excellent technical and fundamental stock
Stoploss (100%) when close price less than 81
Take Profit (30%) when close price reach 138
Notcoin real price predictions coinmarketcap.com coinmarketcap.com
Considering that the NOTCOIN is the first currency lunched on TON blockchain and have the full support of ton blockchain
The NOTCOIN price will be affilliated to the TON price in so many ways
Look at the total supply of TON and NOT
TON= 5.107 billion
NOT= 102.71 billion
Total supply of NOT is 20.11 times more than TON
The price of TON is 7.90 at the moment
So we have this
7.90 / 20.11 = 0.39 is the real value of NOT
Important: total supply of NOT will never increase Rather, it decreases due to token burning
So sure NOT have the potential to reach 1 dollar per coin B the real price is 0.39 by now, sure when TONCOIN grows NOTCOIN will also grow.
Next phase is loadingATTENTION: Bitcoin is starting to prepare for the next phase! If you don't currently know what phase we are on right now listen up... In this next phase, it is time to diamond hand it out and wait. No more accumulating as the gains will start shrinking less and less and there is no need to increase your average buy price - you will only lower your potential gains. When Bitcoin dominance begins to run up, prepare for a massive altcoin season afterward.
NFA, and always DYOR.
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise.
I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment.
1) HBAR
Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects.
2) XRP
Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset.
3) LTC
I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon.
Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices.
4) ADA
I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool.
5) ALGO
I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either.
You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this:
Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading.
Make sure you follow to receive the latest updates!
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BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD
On Cloud Just Got Even More Interesting - I'm Watching CloselyI have been watching On Cloud and love their shoes. I wear them all the time now. In-fact, I bought some shares a while ago simply because I enjoyed wearing them so much. The chart above highlights some other levels I am watching if this trade can keep up:
1. The company's resurgence above its IPO price indicates a renewed investor interest, suggesting a positive sentiment towards its growth prospects.
2. Moreover, its expanding presence in the US markets signifies a broader consumer base and potential for increased revenue streams. This widening adoption could be indicative of a strong market position and strategic initiatives driving market penetration.
3. One of the standout factors contributing to On Cloud's appeal is its transition into a premium brand. Establishing oneself as a premium brand in a competitive market is no easy feat, highlighting the company's ability to deliver superior products and capture consumer loyalty.
This shift not only enhances brand value but also opens up opportunities for higher margins and sustained growth over time.
However, despite these positive indicators, there are key technical aspects that investors should monitor closely including the following:
1. The need to surpass a recent prior high, maintain controlled volume levels, and ensure the upward slope of moving average ribbons are all critical factors that could validate On Cloud's bullish trajectory.
2. Keeping an eye on these metrics will be essential for investors to gauge the sustainability of On Cloud's upward momentum.
3. Additionally, with established giants like Nike, Under Armour, and possibly Adidas in the mix, On Cloud's ability to carve out a distinct market niche will be a key factor in its long-term success and investment attractiveness. This is a competitive space.
I look forward to updating this chart 1+ year from now.
This is a LONG TERM trade.
Raising Wedge pattern on CHOLAFINCHOLAFIN formed a raising wedge pattern on daily chart. Price broke out of resistance today with strong volume. Multiple resistance and support were tested prior to breakout. Stop loss can be had just below breakout candle with target the width of the wedge. Entry can had just above todays high. This trade offers a good risk reward of 1:2 and possibly more as you may have to trail stop based on momentum.
Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
OMNIUSDT | Parallel Channel OR Horizontal Support?Technical Overview:
Currently testing support level, next support could be the test of parallel channel (if breaks). On the flip side, initial horizontal resistance lies around 22.50, upon break out next resistance lies around 29.75.
About Omni Network:
Omni Network is solving the problem of fragmentation across Ethereum rollups. It provides a platform for developers to launch globally-native applications and derives security from Ethereum via EigenLayer restaking. Omni is backed by Coinbase Ventures, Pantera, Jump, and Spartan Group. (source coinmarketcap)