EOS Rocket from Bottom, Intramonth PlayAppears EOS has bottomed and is poised to move back up. Intra month moves appear to be sending it rocketing by March 2024. OG altcoin .
As always, not financial advice.
Bottom
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔
Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist.
📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least.
📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard.
🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself.
🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market.
🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly.
💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout
On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance.
CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets
Support levels: 0.0956, 0.0826
Resistance levels: 0.1092
As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth
Regards R. Linda!
EGLD: Bearish Patterns Signal Caution, DCA Opportunities AheadBearish pennant or descending triangle:
Equal % drop to materialize.
See blue range between
20.5–19 for potential bottom.
40 dollars is resistance.
Losing 35 area hurt EGLD really bad.
Good DCA range though.
JUBILANT FOODJubilant food, leading in QSR and delivery business of Dominos. Stock can be seen falling from 650 levels and seen lot of correction.
Stock was falling due to increase in raw material prices and margin pressure.
Now sooner or later prices will come down and pass on to customer.
Company has also announced capex and also launching new flavors and products.
Stock is in buy mode and also has formed good base. Stock can rally towards 600-800-900 due to World cup and upcoming festival Season.
Company hasa good fundmentals.
TWO GAPS to FILL. Which one comes first?Traders,
Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below.
The other thing I am looking at on this chart is a possible retest of our previous channel. Previously, the top of this channel acted as resistance. The market likes to come back and test previous resistance as support. Will it do so this time as well?
Stay tuned,
Stew
UUUU entry - sub $6Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5).
* Improving earnings - nearing profitability
* Domestic contract growth
* By-product Vanadium is also in demand - steel recycling
* Energy market can not rely on oil and LNG alone
* MFI crossing 50% and consolidation and buying will increase scarcity
* CCI momentum hitting bottom
Entry this week after dropping below $6 with limit buys and retracing back to 238 fib level. Will watch for drop to full retrace to $4.90 (exit before) or a more likely climb to 500 retracement at $8 and watch for break through or more consolidation.
Own opinions of energy market - come to own conclusions, or comments here welcomed. Like to hear what others in energy market have to say. Warm winter LNG will get us through, what stocks are you loving for 2023?
@Pokethebear
@rudcharts
BTC price possibilities to halving.BTC price targets and trends until halving.
1 of 3 ways with a max top indicated by the light blue.
Low - 17000 to 19800
Mid - hovering 29000 to 32000
High - 38000 to 42000
Possible top - 62000 +/- 5000
Could possibly get stuck in the 51000 to 60000 range as well.
Very possible to see a retest of this breakout to the 25000 zones.
Key supports if things turn down are - 29000 to 26000 / 25000 to 22000 /19000 to 17000
Bitcoin bull market (pre-halving)Hi everyone,
When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in.
As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and confirmed.
This cycle looks like 2015 cycle more than 2019 so $27.7k will be one important level to watch for next weeks.
Cheers!
Where the Bullish Divergence For Bitcoin?This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?"
The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low with weeks later putting in a lower low in price and a higher low on MFI. We have yet to see this play out in the charts. Does it need to happen? no. However, we have yet to see it yet(on weekly) and a case for the bears would lead to a probability cause for a most likely scenario to validate an actual bottom is being put in.
You can see my bottoming chart for the next leg down in the linked ideas.
INTC's GROWINGINTC just had a triple bottom on a weekly timeframe, and I have just made a super late entry for a long position after it's pullback from the neckline. There will be another safe entry after the price breaks out through the upper part of the ascending triangle.
ALGOUSDT → Bottom retest. False breakdown before the impulse BINANCE:ALGOUSDT is testing the bottom at 0.0958 in a false breakout format, which could trigger a rather strong rebound as it took more than 3 years for the second retest. Such long retests form a voluminous pool of liquidity that can hold the onslaught.
Price is forming a bearish wedge within the downtrend and after a bottom false breakout , price recovers and breaks resistance.
The key support level at the moment is 0.1070. Consolidation above the level is forming, forming an entry point.
On the background of altcoin market revival, our coin may show good potential in the near and medium term.
Support levels: 0.1070, 0.0958
Resistance levels: 0.1225, 0.139
I expect consolidation above the above support with further upward impulse. medium-term target is 0.1607 and 0.2376.
Regards R. Linda!
Is JD a Chinese economy equity setting up a reversal?JD on the long term weekly chart appears to be in a descending wedge pattern which
would generate a bias for a breakout upside. Price is now supported by the one standard
deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term
volume profile is that the Point of Control is just below price and that the vast majority of
trading volume has been above the current price. I can readily presume that JD is at or
near a bottom and most certainly the 1, 2, and 3 year lows. Analysis on higher time frames
such as the weekly are more likely to be accurate with good signals. On the MACD signals
have crossed in mid-May and now ascending in parallel toward the zero line while price
is bouncing around at what I will call the bottom. Said another way, the MACD is showing
bullish divergence. The upside here over a long term could be as much as 250% and much
much more with a long expiration options contract. I will open a long trade here in
a small position with a stop loss below the POC line and DTA into it over time whenever there
is a pivot low on the weekly chart. I am confident that the Cinese economy with supposedly
zero inflation will be an excellent backdrop for Chinese stocks to run higher in due time.
FSR rounded bottom reversal patternFSR on the one hour chart completed a trend down from Wed June 23 to Tues June 27 and
appears to have reversed. FSR has gained about 12% in 3 days on the bounce.
The following are signs of bullish momentum:
1. Price is supported by an ascending linear regression line with a period of 50
2. The MACD lines crossed over the horizontal zero line on Tuesday, June 27th. This is a
zero lag setup.
3. The RSI strength crossed over 50 the following day.
4. Price crossed over the volume profile's POC line on Wednesday, June 28 showing gaining
bullish momentum
5. Price crossed over the mean VWAP anchored to the beginning of the prior downtrend on
June 29th another confirmation of bullish momentum.
Overall, FSR appears to be well setup for a swing long trade which I will take.
$RTY_F Small Cap Futures complete initial upside moveThe Russell Small Cap Futures completed their initial upthrust nearly a week earlier than expected. A trend change is underway, as the liquidity data indicated over the prior two weeks.
I have taken some profits on my AMEX:IWM Call Debit Spreads, and will look to reload on a pullback, anchored around the Green Flag Zone below. Eventual target for July is the Red Overhead Supply Zone, although that may take several trips.
The key here is the high-value zone within the currently dominant structure, the green flag zone below, which rises each week.
Members have been able to keep track of the plan over the past two weeks in the reports and live streams. The plan is designed so that there is no need to watch the screen during the day.
I will continue to plan ahead and use limit orders, waiting for price to come to me as I re-load and manage the position.
Above all, keeping track of the liquidity data to make sure that the Cyclical side of the Small Cap Index maintains its Quantitative advantage over the S&P and Nasdaq, which it started to gain on May 24th and the Russell 2000's Quantitative Data Advantage has been intensifying since then.
That has implications for a massive hedge fund Quant Algorithm Pair Trade that has been underway since mid-March, and which is beginning to unwind. We will be keeping track of that as it unfolds.
For now, the Quant data supports the plan we set on May 24th when I went long IWM and RTY.
NKLA round bottom reversalNKLA has reversed a trend down in the past week as it clear concerns with potentially being
delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This
brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have
a bullish continuation from the good news of stability of its NASDAQ listing. Potential
buyers on the sidelines may take positions and generate momentum. I will trade a long
trade early in this upcoming shortened trading week. The longer-term anchored VWAP provides
support as so just under that will be the stop loss. The first target is 1.70 which was a
resistance level a few weeks ago.
STORJ - Fly 🕊️ Or Flop 🎭Storj had a strong pop off during the run, gaining more than 59% in less than 24 hours.
Selling pressure has finally bottomed out and a potential breakout is possible.
However, the volume is a bit weak on this move so far and if Bitcoin sold off quickly, this set-up would likely invalidate.
Anyone else see NKLADoes this look healthy to anyone else? Just did a look through on their website. They are voting on a proposal to increase shares of their stock. Not sure if it is a split or what. They are calling it Proposal 2. Other than that, this looks like a bounce from bottom if I've ever seen one. Let me know your thoughts. www.nikolamotor.com
My Litecoin bag is heavy.Shoutout to my friend Richard Heart founder of PulseX.
Litecoin under $100 is cheap, change my mind.
lomg ETHCRYPTOCAP:ETH broke through the major descending trendline. Bullish trend is expected to continue and reach the resistance level at $2017
MTL at a MAJOR bottom! BYBIT:MTLUSDT.P
A beautiful entry at the bottom here we caught a beautiful double bottom on the 1HR the rest is history.
If you are interested on how i plan my trades DM me.
Entry - 1.0100
SL - 0.9548
TP - 1.3098
Bitcoin Bears In TroubleHello Traders,
As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout.
You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend.
If we see a weekly close over 18000$ there is high probability for Bitcoin to reach Major Resistance that is the Neckline of the Double Top pattern printed in the All Time High 30000$.
This level acts very often as a magnet and there is usually high probability for the price to reach it again.
So if we see a weekly close over 18000$ Buy Setup with stop loss at 16800$ and with targets 21000$ 25000$ and 30000$.
I you agree with me a boost is much appreciated and If you have questions or you want to share your feedback I will be glad to answer in the comments.
Decrypting BTC bottom levels with EMAflow indicatorReally nice demonstration how can various settings enable a very clear visual presentation of BTC and where should it find a bottom.
