This Bitcoin miner has underperformed against all odds. Actually it is a nice turn around scenario in which this company produces 40 bitcoins a month and has experienced a turnaround. It has paid of most of its debt and has a Chevy new producing facility in #Texas. If you want to get a new car, take this one in your portfolio, target is $1.40
Interesting here ... In the next few days we will either Tag 204 or 175 gap close.. A drop below 186 or 20sma would pretty much confirm 175 gap close incoming Even if it pops to 204-208 I'm expecting a correction like the previous rising wedge https://www.tradingview.com/x/gkYmGwFZ A push above 196 and 204 is incoming https://www.tradingview.com/x/vulidv8i
Hey hodel crypto We have a good coin for keeping Buy that & set stop & Waite for touch target Pay attention dont forget set stop because Crypto have a hight risk investment Waiting for alt season for grow altcoin ?
I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY, all higher TFs are bullish Morning analysis: M TF - Bullish, but long wick starting to appear which indicates the pressure from bears - at time of writing, wick is 7'295 pips W TF - Potential W neckline identified. On line chart candle closes have managed to stay above upward trend line. D TF - Price came up to retest the DT (marked with green lines) and failed to successfully break the neckline upwards. Bears stepped in and pushed back down, now (at time of writing) it seems D EMA is acting as dynamic support. As the day progressed: Tried a small buy position at the top hand icon, but it turned out to be a fake out and I took a small loss (+- 300 pips). Confirmations: 1. Market pattern - DB on 30min TF 2. S&R - D EMA seemed to be acing as dynamic support 3. Trend - temporary pink downtrend line broken upwards 4. Fib - DB forming right at D 0.382 fib level Mental SL placed at the thick pink line i.e. half the height of the DB pattern. As candles started closing below my mental stop, I closed my position at 300 pips loss. Price was unable to break through the 30min EMA. If Nasdaq is particularly bullish or bearish, price will react to the 30min EMA. I was wary of this when I entered and so I entered my buy with a small position, ready to scale in if price moved my way. However, price moved down significantly, tapping the W 0.618 fib level and the D 50 EMA. Here price started to consolidate and formed a DB on the 15min TF. Entered a full position size buy at the blue arrow icon - Confirmations: 1. Market pattern - DB on the 15TF, with a strong momentum candle breaking the neckline upwards (marked in turquoise lines) 2. S&R - strong D S&R zone (marked in red highlight on the D chart), from which price has significantly moved at A. and B. This level acted as resistance at A. and support at B. evidencing that this level is strong. 3. Trend - The temporary downtrend line (marked in orange) was broken upwards, indicating that price is no longer respecting this downtrend and is ready to move upwards. 4. Fib - Price wicked down to the W 0.618 fib level and the DB formed just above this level. This indicated that price is not only reacting to this level but also gave a trend reversal signal (DB pattern) at this level. 5. Candlesticks - A red inverted hammer candle formed on the 30min TF, just before the break of the 15min DB. This candle is bullish in nature and shows that bulls have entered the market and tried to push price higher, but bears did not have the strength to push price down significantly past the candle open. Indicates bearish loss of momentum. Mental SL placed at the thick pink line, placed below the W 0.618 fib level and below the candle wicks sticking out below this fib level. Price moved up nicely and I closed my position at 1'300 pips at the top blue arrow when price made a reversal pattern on the 15min TF (DT). YEAR END CLOSING: After today's nice profit, I decided to close out my trading year and so I wont be trading tomorrow. This year was my best trading year yet. I made 72% ROI and I can't help but say how proud I am of the progress I have made. It's been a long road, but seeing the returns slowly building is very rewarding. I hope you had a great trading year! And if not, this is a reminder that it is possible. It's extremely hard, but it is possible. Just keep going! All the best for 2025! :) Hope we make some good $$$$$$$$$$$$$$$ :) The total move for the day in the direction that I was looking for was 3'118 pips: I captured 42 % of the total move and looking at the candles, I am happy with that. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
Looking at the recent BINANCE:BTCUSDT chart through the lens of Elliott Wave Theory, we can observe a clear and compelling price structure. The market has completed a textbook Impulse Wave pattern (1-5), with Wave 5 reaching a notable peak around 109,000 USDT. This aligns perfectly with Elliott Wave principles, where Wave 5 typically extends beyond the peak of Wave 3, which is exactly what we witnessed. The market has now transitioned into a Corrective Wave pattern (A-B-C). We've already witnessed the completion of Wave A's downward movement, followed by Wave B's characteristic short-term rebound. Currently, price action suggests we're in Wave C, which traditionally implies further downside potential. Particularly noteworthy are the three projected target levels for Wave C: 87,847 USDT 82,270 USDT 66,149 USDT These targets align beautifully with Fibonacci retracement levels, a tool that consistently demonstrates remarkable synergy with Elliott Wave Theory. The lowest target at 66,149 USDT could represent a significant base formation, especially if selling pressure intensifies in response to market conditions. The chart's notation of "Wave(C) OnSet" is significant, indicating we're entering the initial phase of Wave C. This wave could potentially extend to any of the three target levels in the near term. As the price approaches these projected levels, we might see the emergence of a new bullish cycle. I anticipate that if the BTC price drops below 90k, the significance of the Corrective wave (C) across all three levels will become even more pronounced. This could indicate substantial selling pressure, making any potential recovery in the upcoming period more challenging. However, prudent analysis requires careful attention to support level confirmations and corresponding trading volumes at each target. In practical trading scenarios, price movement doesn't always reach the lowest projected targets. Wave C might be truncated, or conversely, could extend beyond our projections. This underscores the importance of incorporating additional technical analysis tools to form a comprehensive trading strategy. This wave structure presents an intriguing setup, and it will be fascinating to observe how price action develops in relation to these projections. Remember that successful trading requires a holistic approach, combining wave analysis with other technical indicators and careful risk management.
Price has react to the 61% of extension. Is it the end of the correction of wave C of C of 4? Or will it go to 100% of ext? still Waiting for volume and price action to make decision. Not a financial advisor. TAYOR
Hello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face: T1 = $93,246 T2 = $94,045 T3 = $94639 T4 = $95,413 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $92462 SL2 = $91,530 SL3 = $90,550 Looking at the RSI indicator, we see how we entered the downtrend again after dynamically exceeding the upper limit of the range.
BTC is currently rejecting off the bottom of the 161.8% Fib Channel Extension and is looking to make a lower low and test the supply zone in the region of 87k. Fibonacci Channels are notoriously subjective, which is why it is always important to validate any price interaction with these channel levels prior to making trading decisions. In this case with BTC, I have drawn the Fib Channel with these vertices marked in blue circles. https://www.tradingview.com/x/DwY8wj7j/ Adding in the 3 extension levels (123.6%, 138.2%, 161.8%), indicated by the blue arrow, we can see that this channel is still proving to be a valid application beyond the 100% level. https://www.tradingview.com/x/fJzQsHOF/ Zooming in to the lower timeframe (30min) provides further validation of these extension levels. https://www.tradingview.com/x/TvYMAuEv/ Finally, applying a traditional Fibonacci retracement tool to the bearish move from 108k down to 92k, shows that the first extension take profit region (between 87.9k and 86.5k) aligns well with the yellow box that marks the demand zone from the initial consolidation in this region. https://www.tradingview.com/x/td1aXm72/ Layering in a short position now, with a target of 87k is the goal of this idea. The idea is invalidated if we move above 95k again in the short term.
Hello Traders, this is how I'm watching the FX:AUDUSD for some potential longing opportunities. Structurally, the market has struggled to break the most recently created support at the 0.6207 region and we've seen bullish structure print, so 'd be going in for a short-term buy trade. What do you think guys ?
Like most of my trades, this is designed to be a quick flip. It doesn't always work that way, but it has (to this point) always been profitable - literally 100% of the time with $IREN. 15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.