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🔥 Bitcoin Losing The Short-Term Uptrend? BAD Reaction To FOMCWith the FOMC practically concluded, the market is reacting with a strong sell-off in both crypto and stocks. The FED has announced to keep their interest rate stable for the 4th time in a row, as it wants to see a stronger reduction in inflation before cutting rates. Higher rates for longer, the market doesn't like that. As seen on the chart, BTC is trading in a decent uptrend for the last week. However, there's a risk that the FOMC will mark a top and that the bears will take over from here. Keep in mind, bears are still waiting patiently after the post-ETF sell-off. If BTC breaks through the bottom support, we could quickly fall back towards 41k or even lower.
INDEX:BTCUSDShort
by FieryTrading
4
🔥 Your BEST Bitcoin Entry Before The Halving! 🚀With the halving coming up, everyone is looking at when BTC will start the next bull-run. Personally, I think that it's more likely than not that BTC will continue to trade bearish due to the recent ETF launch. However, there's definitely light at the end of the tunnel. The bottom yellow support would be the perfect area for a long-term BTC entry to ride the bull-market to potentially >$100k. The blue bars are just one of the many possible price movements of the market, so don't assume I expect it to play out, it's there for illustrationary purposes.
Short
by FieryTrading
19
🔥 Bitcoin Miners UNPROFITABLE After The Halving 🚨As per Cantors Fitzgerald's analysis that came out a couple of days ago, most big Bitcoin mining companies are deemed to be unprofitable after the April 2024 halving. Why is this important? Well, if the bigges miners in the world are mostly 'producing' at a loss, they can do either of two things: (1) Sell their tokens at a loss to recoup immediate costs (in case they don't have a lot of money in the bank). (2) Hold on to their tokens and wait for the bull-run, which should (historically) occur in late 2024 and 2025. In case of (1), this can lead to further downwards pressure and potentially even a bearish cascade. Miners need to sell more and more of their BTC's to regain the same dollar value when prices are falling, which will function as a self-deteriorating mechanism. Consequentially, this will be a great time for the average investor. Buy Bitcoin at discounted prices and let the market reward which miner is the most efficient. In case of (2), we can expect more bullish pressure. Since miners are the top sellers in the world, reducing the Bitcoin supply will likely lead to higher prices (with constant demand. Like we saw during the bear market, some miners can also halt their operations until Bitcoin prices are higher. Since most of these companies have never experienced a halving before, it's going to be interesting to see which ones have prepared the best and which ones haven't. I'd imagine the badly prepared miners to shut down operations, leading to both bearish and bullish volatility. Interesting times ahead.
INDEX:BTCUSD
by FieryTrading
3
🔥 AVAX Huge Bull-Flag Breaking OutAlthough I've been generally bearish on Bitcoin after the ETF, I have to play with the cards that the market dealer gives me. For AVAX, that means that this token is under way of breaking out of a big bull-flag pattern that has been shaping up since halfway December. In case the 3D candle closes above the top resistance, it could very well indicate that further strength is coming to this token. Looking for a 105$ target over the next few months.
Long
by FieryTrading
5
🔥 Bitcoin Bulls Put Up A Fight: Still Waiting For A DumpYesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated. For now, I'm still not convinced that the bulls have the overhand in the short-term. A clear rejection from 42,200 indicates that bears are still dominating the short-term. However, if the bulls can pull through we might see a move towards 43,500 or higher. I stand by my earlier analyses where I discussed my idea of the ETF being a longer-term top. To invalidate that analysis I'd like to see a move above 50k in the next 1-2 months. Personally, I think we're going to see 50k after the halving. Time will tell.
COINBASE:BTCUSD
by FieryTrading
13
1 Accurate Predictions Made by AI for Ethereum ( ETH.X)The Ethereum market, like any other financial market, experiences ebbs and flows, making it difficult to definitively declare whether it is "over." While periods of stagnation or decline may raise concerns, Ethereum and the wider cryptocurrency market have shown resilience over time, bouncing back from downturns. Current trends in Ethereum's trading patterns, analyzed using advanced tools like artificial intelligence, suggest a complex and ever-evolving landscape. Hence, it is more prudent to view the market through a lens of continuous change rather than a binary perspective of 'over' or 'thriving'. Prediction #1. Uptrend Detected AI, an artificial intelligence tool, has demonstrated a remarkable ability to detect bullish patterns in cryptocurrency trading, particularly with Ethereum (ETH.X). Notable instances include the identification of a bullish Cup-and-Handle pattern in December 2023 (On December 25, 2023, AI detected a Cup-and-Handle Pattern (Bullish) for Ethereum cryptocurrency (ETH.X, $2272.562000). On December 27, 2023, AI confirmed the Bullish pattern, setting a target price of $2464.050000. 14 days later, on January 10, 2024, ETH.X reached the target price resulting in a +13.62% for traders who took a long position in the stock.). These patterns suggest a dynamic market where upward trends are observable, offering opportunities for astute traders to capitalize on these movements. Trading based on bullish patterns requires a strategic approach and a deep understanding of market dynamics. Bullish patterns, like the Cup-and-Handle, indicate potential upward trends, suggesting buying opportunities. Platforms like Tickeron, with their advanced AI tool, can be invaluable for traders looking to navigate these complexities and make informed decisions. For those interested in finding current patterns in the cryptocurrency market, Tickeron is an excellent resource. With its sophisticated AI tool, Tickeron provides insights into emerging trends and patterns, helping traders to identify potential opportunities in the volatile crypto market. Whether you're a seasoned trader or new to the world of cryptocurrency, Tickeron's technical analysis and pattern recognition can guide your trading decisions, enhancing your chances of success in this dynamic field. Get started on tickeron.com. BINANCE:ETHUSD Market Cap The average market capitalization across the group is 268.43B. The market cap for tickers in the group ranges from 268.43B to 268.43B. ETH.X holds the highest valuation in this group at 268.43B. The lowest valued company is ETH.X at 268.43B. High and low price notable news The average weekly price growth across all stocks in the group was -12%. For the same group, the average monthly price growth was -2%, and the average quarterly price growth was 19%. ETH.X experienced the highest price growth at -12%, while ETH.X experienced the biggest fall at -12%. Volume The average weekly volume growth across all stocks in the group was -3%. For the same stocks of the group, the average monthly volume growth was 26% and the average quarterly volume growth was 167%
BINANCE:ETHUSD
by Serhii_Bond
Swiss Franc can rebound up from support line to resistance levelHello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line of the pennant, and made a short impulse up to 0.8490 support level, which coincided with the buyer zone, and soon broke this level. After the price some time traded near this level, it bounced and started to rise to the resistance level, which coincided with the seller zone and the resistance line of the pennant. When Swiss Franc reached this area, the price at once turned around and in a short time declined to support line of pennant. But a not long time ago, the price bounced and started to rise. So, I think that the Swiss Franc can fall to the support line, making a little correction, and then rebound up to the resistance level, thereby exiting from the pennant, pattern. For this case, I set my target at the 0.8720 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
4 Accurate Predictions Made by AI for Alphabet (GOOG, GOOGL)In the dynamic world of stock trading, the integration of Artificial Intelligence (AI) has revolutionized market analysis and prediction accuracy. Alphabet Inc. ( NASDAQ:GOOG GOOG, NASDAQ:GOOGL GOOGL), a leading tech giant, has been at the forefront of showcasing how AI can be utilized to predict stock market trends with remarkable precision. This article delves into four specific instances where AI successfully predicted Alphabet's stock movements, providing traders with lucrative opportunities. These cases exemplify the growing influence and reliability of AI in financial markets, offering insights into both bearish and bullish patterns that have resulted in significant gains for informed traders. Prediction #1. Downtrend Detected AI detected bearish Stock Pattern: Broadening Wedge Ascending NASDAQ:GOOG GOOG on October 25, 2023, netting in a 10.61% gain over 2 weeks On October 11, 2023, AI detected a Broadening Wedge Ascending Pattern (Bearish) for Alphabet (GOOG, $141.70). 14 days later, on October 25, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 25, 2023, the stock hit the target price of $128.11 – resulting in a +10.61% gain for traders who shorted the stock on the pattern detection date. Prediction #2. Downtrend Detected AI detected bearish Stock Pattern: Wedge Rising NASDAQ:GOOGL GOOGL on September 13, 2023, netting in a 6.10% gain over 2 weeks On September 11, 2023, AI detected a Wedge Rising Pattern (Bearish) for Alphabet (GOOGL, $136.92). 2 days later, on September 13, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $127.46 – resulting in a +6.10% gain for traders who shorted the stock on the pattern detection date. Prediction #3. Uptrend Detected AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOG GOOG on August 29, 2023, netting in a 3.89% gain over 5 days On August 24, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet (GOOG, $130.42). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.93. On August 29, 2023, GOOG reached the target price resulting in a +3.89% for traders who took a long position in the stock. Prediction #4. Uptrend Detected AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOGL GOOGL on August 29, 2023, netting in a 3.61% gain over 4 days On August 25, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet ( NASDAQ:GOOGL GOOGL, $129.88). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.24. On August 29, 2023, GOOGL reached the target price resulting in a +3.61% for traders who took a long position in the stock. These four accurate predictions made by AI for Alphabet's stocks (GOOG, GOOGL) underscore a new era in stock market analysis. The ability of AI to detect complex patterns like the Broadening Wedge Ascending and Head-and-Shoulders Bottom, and accurately predict market movements, is a testament to its growing significance in financial forecasting. These instances not only highlight the potential financial gains for traders leveraging AI insights but also mark a transformative shift in how market analysis and trading decisions are approached. As AI continues to evolve, its role in guiding investment strategies and shaping the future of stock trading becomes increasingly pivotal. Finding Current Patterns with AI If you're interested in staying updated with current trading patterns, particularly for cryptocurrencies like Origin Protocol, Tickeron is a valuable resource. This platform employs advanced artificial intelligence to detect and analyze market trends, offering insights that can guide traders in making informed decisions. Visit Tickeron to explore real-time data and trends in the dynamic world of cryptocurrency trading.
NASDAQ:GOOG
by Serhii_Bond
Shaky long-term trading for Tesla (Triple top + dip? )Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out: After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel. To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed by a dip to the bottom of the channel. We currently have the same pattern emerging since July '23, with the price of TSLA dipping to below $200. This cycle is interesting because it is bouncing off the midline instead of the bottom of the channel. The next few days are going to be crucial for the stock: Bull case: If the stock can consolidate strongly along the $180-200, we may be able to break out of the channel to the upside. Bear case: If the stock fails to consolidate strongly along the $180-200 range, we may see a dip to $120-160. This will strongly depend on investor sentiment in the company, which currently isn't looking strong. A lot can happen in the next few weeks to turn that around, such as further advancements of AI for Tesla's autopilot.
NASDAQ:TSLA
by valentine_j_
🔥 Bitcoin Retesting Critical Support: Dead Cat Bounce!After a relatively big sell-off, BTC is currently bouncing from very oversold levels. Yesterday marked the first time since August that the 8H timeframe hit oversold on the RSI, so a bounce was to be expected. Bitcoin is currently on its way to retest the critical purple area of support as resistance. A rejection from here would confirm the break of 40k, with a move towards 35k in the cards. If BTC can close the week above the purple area we have to consider the idea that this bearish move was merely a correction instead of a longer term shift in trend. Below you find my current view on the market in more detail.
COINBASE:BTCUSDShort
by FieryTrading
4
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement. So What do we have in the market right now? In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval. For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again. In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation. For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
Short
by cryptotalk_et
BTC H&S Structures- it's always interesting to check the past and learn from it. - Sometimes you will find ways to find the future. - On this messy graph, i posted some H&S and inversed H&S Patterns. - i didn't post them all (but have more), i didn't want add more mess :D - Check support and resistances on H&S dotted lines. - Check colored bubbles like always. - This is not a trade recommendation or a prediction. - imho for now and until Halving better stay out of markets and buy pop corns. Happy Tr4Ding
COINBASE:BTCUSD
by thecryer
2
🔥 Bitcoin Lost HUGE Daily Support: Beginning Of The EndIn my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far. Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support. In case BTC doesn't reverse from here, we're going to see a major daily support around 41.2k broken for the first time since early December. This looks bearish. Seems to me that the break of 40k is a matter of time. Could be either today or in the next few days. We're likely seeing the start of some kind of major sell-off that will occur over the next few weeks. Time will tell.
COINBASE:BTCUSDShort
by FieryTrading
28
🔥 Bitcoin Spot ETF Approved: DUMP ALARM 🚨After yesterday's false start, Bitcoin's long anticipated ETF is finally here. However, it remains to be seen whether this ETF approval will be bullish or not. In the long-term, definitely. Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump. Reasons for this bearish view: - Strong pump into news. Buy the rumor, sell the news? - Top yellow resistance of the channel - 48k resistance, last major resistance before the ATH. - The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year. The bottom support of the channel seems like a decent bearish target. Potentially even 30k. I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong. For now, be careful for high volatility.
Short
by FieryTrading
53
🔥 Bitcoin: Just A Dip? What Does 2016 Tell usPreface: I'm still bearish on BTC as per my most recent analyses. The ETF launch likely signaled a major top, potentially until the halving. My most likely scenario's are shown below. That being said, I think it's worthwhile to look at the market from different perspectives. In this analysis I'm going to compare the 2016-2017 bull-run with the 2023 bull-run. Back then, BTC experienced many 30%-40% drops over the course of 2 years. In the end, every dip was a dip to be bought which led to some very good returns. Thus far, the 2023 (and 2024) bull-run has had several dips around 20%, which all proved to be very good entry points. We had to admit to ourselves that it's possible that the drop after the ETF launch is a dip to be bought. Furthermore, the dips getting less deep than 8 years ago is a natural consequence of the market maturing and becoming less volatile. Is this just a dip, or are we facing a longer-term correction? Happy to hear your thoughts!
Long
by FieryTrading
18