Gold is bearish! On the 4-hour timeframe, I expect gold to first drop to the 2800 zone (EMA 89), then reject from this level and make a short bullish move towards 2850, before continuing its decline down to 2730 (EMA 200).
? CRYPTOCAP:BTC H4 Chart Idea Bitcoin's price fails to create new higher highs, and if this trend continues over a longer period, then GETTEX:82K might be a possibility. ???
This is a continuation of my previous posts. TRIPPLE BULL FLAG PATTERN ON TURBO, ECT. We have all been subject to one of the crypto markets largest capitulations of all time. No strategy or predictions are correct 100% of the time. I know I truly Expected Turbo to break upwards at the end of the 3'rd flag. With the social political climate I was disappointed to see our guy TURBO break below support and fall into key resistance at the around the .005 cent range, about a half a cent seems to be the bottom ( or slightly below ). And now that we have reach the ground floor; IT'S TIME TO PACK OUR BAGS FOR TAKE OFF. Admittedly this has been a tricky market, and TURBO is but a single character in a sea of crypto memes; however not all memes are created equal, Turbo still has a devoted following and strong group of supporters willing to hold on to the coin until it grows. With a current market capitalization of 251.89 million, TURBO has plenty of room to fly. Lets all wish TURBO a nice TRIP to the MOON and Beyond !
SCALP SHORT BTC/USD TF M15 momentum low tf still bearish ⚡️ Pair: BTC/USDT ⚡️ Timeframe: 15M ✅ SELL LIMIT: @97163 ✅ TP: @96000 ❌ SL: @97890 Follow channel prediksicrypto for more signal https://t.me/prediksicryptocom
Looking to see if the first gap holds or this retests VPOC
Disclaimer: I don't think this cycle's top is in yet. We have been ranging between 91k and 107k for a couple of months now. If we're printing a reaccumulation pattern, then this is what could happen. The daily 200MA should be around 80k and help support the fall by the ~23rd of February. Also, the recovery after the spring could take longer, so don't take the path I drew in yellow too seriously.
Still big swing here for swing trades, but I feel it needs to keep coming down to $60, possibly $50's. I will DCA into shares slowly, and wait to add some LEAPS. This isn't for the fast money crowd unless you are swing trading the $10 ranges which can be real good. BUT, we broke current support of $70, we may see the fast track to $60. on RADAR
Hey guys, As I've lately taken great interest in publishing my trading ideas here on TradingView, I want to speak about something that rarely if ever gets spoken about in the trading community, by trading community I mean us goobers on charts who do intra-day, swing, day trading etc... who get sad for not making 10% a month on forex etc... That is your savings, specifically investing your savings on a long term basis and compound the interest earned by the dividend yields. Useless to say that I'll be speaking about the S&P 500 and how you can approach it too. First of all, you can't directly buy the S&P500 that you see here on trading view, as this is an index and in order for you to invest in the performance of the index you need to buy into ETFs, mutual funds, or derivatives like options and futures that are designed to track it. There are many big funds around, like iShares, Fidelity, Vanguard, Amundi etc... To be honest the one I personally invest into is the Core S&P 500 USD Acc from iShares that auto compounds the dividends but you really can choose between tens of funds. The key factors that you must keep into consideration when choosing a fund are these: - Currency of the fund (what currency is the fund based on)= if it is another country's currency, you'll have to exchange it every time you want to make an entry, amounting to extra commissions and fees that aren't sexy. - Dividends= if the fund pays out dividends, if it pays it in cash or shares or if it self reinvests them or it doesn't... - Tax residency of the fund (on which exchange is the Fund/ETF listed on)= important as when it will come to pay your taxes, some funds may have extra taxes due to the residency/exchange. Now... let's get to the sauce, you have probably heard about DCA (Dollar Cost Average) as it's been rubbed on your face by everyone who never looked at a chart, and that's a valid approach if you are 50, but we spend half of our days on the charts so we want to work based on charts and price, not on time. My philosophy behind this is that, if our goal is maximizing profit while spreading entries evenly, we should aim to get the best entries, and how could time, which has nothing to do with price, dictate our entries? It is quite literally putting your finger down randomly on the chart and choosing to enter there. There is a way easier and more effective approach, and that's basing yourself on price by simply buying the dip. Yes, I quite literally wrote all of this article just to tell you to buy the dips, but here's a little practical example on why buying the dip performs better than DCA and what values you could look for yourself to try to optimize your entries. https://www.tradingview.com/x/L92iscLr/ The most basic approach to DCA is to buy a set amount each month, for the sake of the example let's say you would have bought $1000 worth of shares every 30 days starting from Feb/2022, your entries would have been spread out randomly and you would end up with roughly $42.000 today, which would be more if you reinvested all the dividends and profits. https://www.tradingview.com/x/7pHx7PlJ/ A better approach would be buying each time there is a dip of X percentage in price. If during the same time we would have bought about 200$ every time price dipped 1.25% we would have made 192 entries and made around $51.000 without compounding interest and dividends, then that would be closer to 55.000 - 60.000. All of this just by basing ourself on price and not time. You wouldn't evaluate taste with sounds, or sounds with numbers... so why evaluate numbers with time? Rather stick to what the chart itself does and get the best spread out entries possible, like this not only you would make more money, but have way more entries spread out through the chart for about the same initial capital, which is not bad when you are planning to long term invest. To wrap it up, my practical example is buying the S&P500 (or another index you like), every time price drops of 1.25% - 1.75% in a single day, and compound interest every time you get a entry. Like this you'll set yourself an long term investment fund that will grow exponentially through the years and help you more than save your money through the years. As as we all know but not admit that spending comes easy when money is laying around, so stash the unnecessary and see it grow ;) the numbers in the example are rough estimates but give the actual idea of performance, and excuse me for the simplicity of the argument but it always comes handy
Trying to see what the bullish outlook is for #BTC, however I am finding a lot more bearish arguments at this stage then bullish. Looking at the Daily, Weekly and Monthly Chart: - RSI printing Bearish Divergences - Failing to break above the heavy pitch-fork channel formed since 2017 Highs through to the highs in 2021. Daily: - 50MA is approaching closer and looks to roll back around. - Super Guppy band is starting to tighten and turn neutral. - 5th Wave of Elliot has finished, with a truncated top. - Double top pattern - Wyckoff Distribution looks to be in play Of course if we can break out of this massive channel, this bearishness is no longer valid. What case for Bullishness can you give me for BTC?
Concentrix share price hasn't performed well, at all! - Since its IPO in 2020, which saw a large uptrend that lasted until the start of 2022, where price has since fallen in a picturesque, somewhat cliche bearish down-trend, with perfect form. Price has respected Premium Arrays and obliterated Discount Arrays, consistently running lows and reversing back into the FVA to then collect liquidity, often inside an FVG/BaG, both the Monthly and Weekly has bearish order flow legs with the OD being the respected level of the price leg/range. Price is coming out of a Bearish FVG on the Monthly, with the gold line (ATL) being my target by mid-2025. ESPP holders may want to evaluate their current holdings, however, given the price action and three-year bear market/trend, if I were an ESPP participant, I'd just keep holding. The daily has been somewhat bullish in recent weeks, however, it looks to be more the buyside curve, with an expectancy for price to create a short retracement to the upside to tap into the W and D volume imbalances above, to then continue the overall bearish trend, as well as confirm the sell-side of the MMXM.