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Bitcoin (BTCUSD) is on a relative correction lately, down more than $15000 from its last All Time High (ATH). Despite this obvious technical weakness, there is one indicator that delivers a very promising signal, not just for BTC but for the crypto market as a whole. That is Bitcoin's Dominance (BTC.D, blue trend-line), which got rejected on its 8-year Lower Highs trend-line in mid-June and is pulling-back every since. This chart shows that both last two Cycles, such a rejection that took place in the last year of the Cycle, not only initiated a BTC rally but also an even stronger rise on the altcoin market, what is otherwise known as an 'Altseason'. This time it took place about 6 months before the end of the year (projected end of the Bull Cycle), which is exactly what happened in 2017, the Cycle that the current one looks most like it. As a result, we expect the current market weakness last at most another 2 weeks, which is roughly by the time of the next Fed meeting where the majority of the market is eagerly anticipating the first Rate Cut in years. Do you think that is the signal of an upcoming final rally on Bitcoin and an Altseason? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Gold (XAUUSD) is on a huge rebound following the double bounce on its 1W MA20 (red trend-line), a level which has been previously associated with the start of very strong rallies. The 2-year Channel Up that started back in October 2023 has always formed a consolidation Triangle before the next Bullish Leg and on the three past occasions that was initiated after a 1W MA20 contact. Assuming we 'just' repeat the minimum +22.41% Bullish Leg, we are targeting at least $3800 before the current peaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Despite the obvious hint of 2 potential rate hikes by the end of this year, Bitcoin (BTCUSD) has found itself on a downtrend. And as today we entered the first day of September, this sentiment is further empowered by one simple statistical fact: that September has historically been BTC's worst performing month: As this table on the chart shows (source: CoinGlass), September's average returns have been -3.77%, the worst average score out of all months since 2013. An interesting fact however is that out of all the Septembers that ended in green (4), they did so when there was a red August (like the one we just closed at -5.91%). At the same time out of all the times August was red (8) four times September followed in red. This shows that historical probabilities are equally distributed there. Statistics aside, the market has a strong case of a bottom on the current levels and that's purely a technical one. As you can see, since May 01, Bitcoin has been trading within a Channel Up. This pattern has seen so far two Bullish Legs of almost identical rise (+22.07% and +21.05% respectively) and when they corrected (Bearish Legs), the first Low was on the 1D MA50 (blue trend-line) and the second on the Channel Up bottom. This time there is an even stronger technical case, as the price hit the 1W MA20 (red trend-line), which as we've shown on a recent study, is a Support level that historically kickstarts the final rallies during Bull Cycles. Even their 1D RSI sequences are similar, with the indicator currently being on a Lower Lows formation that previously marked the June 22 (Higher) Low. As a result, assuming we will see the 'minimum' of +21.07% Bullish Leg, we should be expecting a $130000 Higher High, which matches our realistic Cycle Top study, based on most studies we've conducted. So do you think Bitcoin will again declined this September or we are currently forming a new bottom? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Chainlink (LINKUSD) has been trading within a Channel Up since the June 05 2023 Low and in the past 4 months it has been unfolding the 3rd Bullish Leg of this pattern. With the 1W MACD past a Bullish Cross (which has confirmed it), the previous Bullish Leg was about +30% stronger than the previous. Assuming this holds for the current as well, we expect the rally to reach at least $40.00, which will be close to the pattern's top (Higher Highs trend-line) but still way below the 3.0 Fibonacci extension, a level the previous two Bullish Legs approached. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Hedera (HBARUSD) is trading below its 1D MA50 (blue trend-line) along with the majority of the market and has found itself within a Channel Down (red) on this correction. This correction may simply be a technical pull-back in the form of a Bull Flag. As long as the 1D MA200 (orange trend-line) holds, which is roughly where the 0.5 Fibonacci retracement level of the June move lies, we expect this Bull Flag to break upwards to at least the 2.0 Fibonacci extension, giving us a 0.47500 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Bitcoin (BTCUSD) has been on a strong correction lately after the August 14 All Time High (ATH) at $124500. Every High since has been sold and the price has found itself below the 1D MA50 (blue trend-line). Whether that's alarming or not yet, this sequence draws a lot of comparisons with the pattern that led to the Cycle Top on 2021. As you can see both patterns started off with Lower Highs that pushed the market to a new bottom on Lower Lows. A 1D Death Cross confirmed the bottom formation (along with a 1D RSI bullish divergence on Higher Lows) and BTC started rising aggressively again, flipping both the 1D MA50 and 1D MA200 (orange trend-line) into Supports and forming a Bull Flag on a 1D Golden Cross. At the end of this sequence in 2021, a Double Top Higher Highs pattern, was what formed the Cycle's Top. Unfortunately for the Bulls' case, this is very similar to the Higher High formation we got on August 14. Even the 1D RSI patterns among those two fractals are similar. Do you think we are in a similar situation as in late November 2021, which initiated the 2022 Bear Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Litecoin (LTCUSD) has been trading within a Channel Up pattern since the April 07 Low and in the past two weeks has found itself declining, being on the new Bearish Leg of the pattern. This decline has hit already the 1D MA50 (blue trend-line), where despite the break-out, the price is consolidating around it. Based on the previous Bearish Leg, which reached the 0.618 Fibonacci retracement level before making a Higher Low and rebound into the new Bullish Leg, LTC can reach 95.00 before initiated the next rally. However, the 1D RSI just hit its 5-month Higher Lows trend-line, which indicates that the price might reverse now instead of lower. A sound strategy to account for both possibilities would be to split your normal position size into half and enter both now and if the RSI Higher Lows break, use the rest for one final buy lower. In any case, our long-term Target is the -0.382 Fibonacci extension (like the previous Bullish Leg) at $165.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

NVIDIA Corporation (NVDA) delivered stronger-than-expected second-quarter earnings on Wednesday, but its data center revenue came in slightly below forecasts as U.S. restrictions on H20 chip sales to China weighed on results. The result was a 3.1% fall on the company's stock in after-hours trading following the report. The obvious question is this: Is it still a buy? The answer can be given by purely looking at the technicals. Based on the bigger picture, the stock's 5-month pattern remains a Channel Up since the April 07 bottom, and in fact the recent dip on August 20 was a Higher Low exactly on the pattern's bottom and almost on the 1D MA50 (blue trend-line), which has been intact since May 06. Given also the fact that the 1D CCI rebounded with aggression after marginally breaking below its oversold level (-100.00), similar to April 21, we expect NVIDIA to resume the bullish trend and extend this new Bullish Leg. Since the last three Bullish Legs have all increased by a little more than +20%, we expect the price to easily reach our $200.00 long-term Target, before the next technical correction occurs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Bitcoin (BTCUSD) almost hit early this week its 1W MA20 (blue trend-line) and so far it appears to be holding it. Whether that leads into a sustainable rebound or not it remains to be seen but this is historically a critical level for the market. More specifically, as you can see on the charts above, the 1W MA50 has initiated every Cycle's final rally since 2013! To make this special occurrence even more interesting, every such consolidation/ pull-back before the final rally, took place within the August - September period (2021, 2017, 2013). So if it holds once again, we see no reason why it shouldn't start again the Cycle's last rebound. And since the first two Cycles are more similar with each other, we might assume that the current would be more similar with 2017. Since that one topped very close to the 2.0 Fibonacci extension from the low of the final pull-back, we could get a peak this time around $140k. Do you think history will repeat itself again and hit at least $140000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

The S&P500 index (SPX) kept its 3-month Channel Up intact last week despite a short-term correction as the price stopped exactly on its bottom (Higher Lows trend-line) and following Chair Powell's remarks on rate cut possibilities, it rebounded aggressively. Given also that the 1D MA50 (blue trend-line) has been its long-term Support since May 01, the stage is set for the pattern's new Bullish Leg. With the last one being +8.80%, we expect the index to hit at least 6750 next. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇