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Ethereum just entered an accumulation phase after the breakoutEthereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels. Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis. Thanks for supporting my analysis. Good luck!
COINBASE:ETHUSD
by RocketMike111
BTC Lucky Number 7 !!! Get Ready for the Bull RUN!! But first...Lucky Number 7 !!!!!! Get Ready for the Bull-RUN!!! But first... First of all, I want to clarify that all the checkmarks checked off are the predictions we have been making over all these months. Each checkmark is confirmation that the price behavior followed the analysis we conducted. In this case, the breakout of point #7 was fulfilled, and this is the breakout I had been waiting for around July-August (point #3). But before we proceed, I want to clarify that for me, a valid breakout means the candle and wick are completely outside the resistance line! So, indeed, for me, this is a legitimate breakout. BUT BEFORE THIS HAPPENS, WE HAVE TO SEE A SUPER IMPORTANT MOVE!!!!! Within the N3 pattern, whenever there is a breakout, it is always followed by a new high, and then the price makes its natural pullback. We will look for the price to touch the new support level, rebound, and aim for a new high. This is my N3 pattern, which I always look for after confirming a breakout. So, let’s wait a few days to allow Bitcoin to rise as much as it needs to, make its natural pullback, and then buckle up because we’re about to see a strong bullish run. Thanks for supporting my analysis. Good luck! -mike
COINBASE:BTCUSDLong
by RocketMike111
Nvidia still in a sequence channel Indeed, Nvidia is respecting the sequence of the bearish channel and bounced at point #5, moving downward. Now, even though Nvidia is dropping, it remains quite strong. Could we see a rebound at the following levels? 113.50 to 115.25 (marked in the green zone) If Nvidia bounces at these levels I mentioned, we will very likely see a channel breakout in the coming weeks. But! If the price surpasses those two levels I mentioned, we could very likely see Nvidia testing the blue GAP zone for the third time or approaching point #6 (channel support). Let’s see what happens this week. Thank you for supporting my analysis.
NASDAQ:NVDAShort
by RocketMike111
So BULLISH on GOOGLE ! There is a very important price behavior we need to check. I am almost certain that this behavior is the key to an upward movement on the following weeks. There are several points to consider in order to determine what Google’s next move will be. EMA CROSS WITH DIVERGENCE: As we can see above, we have an EMA cross with bearish divergence. When there is wide divergence between the two EMAs, it indicates strong movement with momentum. Now, as we can see, the EMA cross is repeating again but in a bullish direction, and we are just starting to see divergence between the two, adding to the fact that the price has already broken the bearish channel with great force, followed by an indecisive Stacked Candle Channel. CHANNEL BREAKOUT AND MOMENTUM: The price, after breaking our channel with great strength and in a bullish direction, showed decisiveness. However, right now, it is trapped in a "Stacked Candle Channel," (SCC) which is an indecisive channel where candles are clustered together and of almost the same size. This can also be seen as a pattern that the price sets before making a decision. The question is: What decision will it make, bullish or bearish? EARNINGS REPORT: The earnings report is fundamental for companies to inform investors of any changes in their balance sheet that have been reflected. In this case, Google is a company with one of the strongest and most solid balance sheets on the NYSE. Google’s last two reports were extraordinary, and I have no doubt that Google will deliver a good report on October 22nd. But as the price approaches the report date, many will take positions, and we could conclude that Google will have a bull run until the 22nd. From there, it will depend on the report to make a leap toward the 180-190 range. Let's see what happens! Thank you for supporting my analysis, and I send you my best regards.
NASDAQ:GOOGLLong
by RocketMike111
"All-Time Highs" Finally! New Channel Unlocked ! what's next? Finally, we are at "All-Time Highs" and have unlocked a New Channel. What will happen next? Let’s just let the price follow its course. Last week, we correctly predicted the price movement by creating an "N3" and landing in the order block as support to gain upward momentum with the recent movements the price has made, we have unlocked a new upward channel in which we will be monitoring the price movement in the coming weeks (Yellow Channel). Here, we only need to focus on two things: 1. We can see that the last candle is an "Inside Candle." An inside bar can be bullish or bearish, depending on its context within price action. If it forms within a downtrend, it can be considered bearish, indicating a possible continuation. If it forms within an uptrend, it can be considered bullish, suggesting a possible continuation of the uptrend. (Look up this important candlestick pattern on Google.) In this case, the last two candles were bearish, so we might consider that the market could either drop or bounce again in our order block to continue the uptrend. This is the scenario I will be expecting if we have a bearish market on Monday. Now, if the price falls to the order block zone, notice how it will also respect the support of the yellow channel. This could mark the beginning of a bullish sequence. 2. Its Simple, the price stays within the yellow channel and follows an upward and orderly sequence. Thank you for supporting my analysis, and be very cautious when we are at all-time highs. The price can be highly unpredictable, so always make sure to mark your channels and consider institutional movements of supply and demand. Best regards.
AMEX:SPYLong
by RocketMike111