Looking at past history and also where BTC price is right now, it appears there's 2 patterns/paths BTC price could take over the next month. Scenrario #1: BTC is currently looking at forming a flag right now on the daily. If price remains strong this next retrace could see btc price break upwards out of the flag with an early bullish run through mid december into January with a local top sometime in January. i.e. the bigger 50% pullback happens in January. Scenario #2: If price shows weakness and loses the recent low level, my thinking is we will potentially see the bigger 50% retrace in December and only see a resumption of the bullish trend in the new year. Scenario #1 to me is better as it hints at higher targets (next local top could be ~140k). Scenario #2 means there's more volatility and hence a better opportunity to take some profits and get in before we get the next leg up. This next leg could be good for alts.
Here I buy Ethereum Name Service at $40 Buy orders starting at $40 on the spot market. And Ethereum Name Service supply shock is being triggered by me as usual. Look at the sea horizon He's coming to make more dollar It's clear as water Look at the sea horizon The bull shark is getting closer let the rhythm take you over
LSE:TIA USDT has some big gains coming based on the charts. It recently broke out of consolidation since July 24, which is projected to give 100% from the breakout around $14. It the short term, if we focus on the 4 - 6hr chart, price action is forming a bullish pennant, and consolidating nicely as the momentum is cooling off. The price action is creating Higher lows while the RSI is creating Lower lows, this is bullish divergence. A breakout of this pattern could give us a quick move to the target of $11. Would like to see increasing volume into next week. Entry: $8 TP 1: $10.1 TP 2: $11.7 SL: $7.66 NFA & DYOR. GL:)
ETH/BTC Bottom on monthly Double top target reached, just like last cycle
On the 15-minute chart, Bitcoin has formed a bearish head and shoulders pattern and has broken through the neckline. It has already bounced off the 200 EMA, showing positive momentum, but the bearish setup could still play out. The target price is $95,217.76, but we’ll need to watch how this develops.
The EUR/USD 4-hour chart shows that the price is trading just below the 34 and 89 EMAs, which is creating a clear resistance around the 1.05800 area. The Euro has been trying to break above this area, but has failed in recent sessions, indicating indecision in the market. The price is currently showing a cautious approach, and a break above the 89 EMA would need further confirmation from strong volume to ensure that this is not just a false breakout. A failure to break above would likely see the price fall back below the EMAs and towards the lower support around 1.05000. However, if EUR/USD succeeds in breaking and sustaining above the 1.05800 level, this could signal a new bullish trend, with the next target likely being the 1.06000 area and higher.
Close one, with the timing of the Debt for Equity at 5.66, GO plan, big box office movies and a peaking stock market, there's a bullish lotto play short term with at least a 100% returns. Up to the $9 - $13 range. Could last until January, but we all know AMC runs quickly, then falls as quick. The reason for that fall would likely be economic conditions getting worse and the market finally falling. ---- It is safe to assume that AMC will also feel the effect of a recession although it has proven in the past that it could care less (check out defunct symbol : AEN, October 2000). ---- Still it is wise to remain cautious and expect rejection near $11 and be ready to catch the dip. As AMC is poised to recover along with the movie business through 2025 - 2029. ---- If their mission is successful and AMC can survive through harsh months coming up, then this ticker will play a major role in a potential movie bubble that is brewing. ---- Nothing is guaranteed, there is always a lot of risks investing in non-profitable and debt ridden companies. Thankfully AMC has seen a slow but solid return to balance sheet cleanliness. Less expenses, more streams of revenues and debt is being pushed out and actively paid. There are probably more rounds of dilution coming up along the way, this is when you should have your cash ready. Because when the box-office numbers start popping up again and resume their pre COVID climb, AMC won't spend much more time down there. ______ This is not financial advice.
Eth is making moves which is helping lift some Eth alts move up a little along with it. The shit coin season is nearing. Prepare to buy the more ETH, FETCH and any Diarrhea coin you can find.
https://www.tradingview.com/x/YODLVlV3/ DB has proper inverse Head&Shoulders formed with price already above the neckline. A lots of potential.
Here is an update to our previous post: https://www.tradingview.com/chart/BTCUSDT/2ABEpHDE-BTC-Another-Picture-Perfect-Prediction/ BTC did get the rebound to our key level exactly as predicted. After finding sell pressure at the key level of $98.4k we are starting to see some initial warning signs form in the short term. Btc is starting to show additional slow down on our strength index's which could lead to another drop. Also looking at our daily RSI BTC got rejected exactly at overbought conditions (70). If we cannot get above that 70 level in the short term it could lead us as low as the median (50).