Month: December 2024

📊 The Triple Top pattern is a technical chart pattern that signals a potential trend reversal from bullish to bearish. It occurs when an asset’s price reaches a resistance level three times, forming three consecutive peaks at nearly the same level.

🔥 The Triple Top pattern 🔥 📊 The Triple Top pattern is a technical chart pattern that signals a potential trend reversal from bullish to bearish. It occurs when an asset’s price reaches a resistance level three times, forming three consecutive peaks at nearly the same level. 📈 Fibonacci retracement is a powerful tool that helps identify potential support and resistance levels based on the Fibonacci sequence, a mathematical pattern in nature and financial markets. Education 📝Here’s how you can use this powerful combination: 1️⃣ Identify an uptrend on the chart and notice a Triple Top pattern’s formation; 2️⃣ Use Fibonacci retracement to draw retracement levels from the highest point; 3️⃣ Wait for the third peak to be confirmed after the price crosses 0.78 Fibo level; 4️⃣ Enter the market when the price breaks below the neckline of the Triple Top pattern and retests it; 5️⃣ Close your position when the price reaches the 1.61 Fibo level. submitted by /u/Yuriy_UK [link] [comments]

🤔 Is BTC Losing Its Dominance? The chart points to the potential end of BTC’s dominance in this cycle, with altcoins gaining momentum!

🚨 Is BTC Losing Its Dominance? 🚨 The chart points to the potential end of BTC’s dominance in this cycle, with altcoins gaining momentum! 🔽 BTC’s dominance in trading volume relative to the top 50 altcoins is rapidly declining. 🔼 Altcoins’ dominance, on the other hand, is quickly rising (according to Kaiko data). 💡 Bitwise reports record inflows into ETH-ETFs, ETPs, and altcoin ETPs, surpassing BTC-ETF inflows for the first time! 📉 Despite bitcoin’s falling dominance, it still has the potential to grow, which will allow altcoins to grow even stronger! submitted by /u/Yuriy_UK [link] [comments]

Bitcoin Price Forecast: BTC trades around $95,900 as US government funds weigh in

Bitcoin price hovers around $95,900 on Tuesday after a mild correction the previous day. Traders should be cautious as the US government moved 10,000 BTC from the Silk Road seized address to Coinbase Prime on Monday. Gemini’s Head of US OTC Trading, Olivier Mammet, highlights factors that might affect BTC price in the short to medium term. submitted by /u/Denchock [link] [comments]

Mexican Peso rallies against US Dollar amid upbeat jobs data

Mexican Peso gains 0.25%, buoyed by strong employment figures and general USD weakness. Despite positive US JOLTs data, Banxico’s willingness for bigger rate cuts supports MXN’s strength. Mixed Fed signals on rate cuts; upcoming US labor data could impact Fed’s December policy decision. submitted by /u/Denchock [link] [comments]

📊🤓MICROSOFT could fetch more than 2200 pips after breaking the upper trendline of the symmetrical triangle. Lips crossed the jaw of the alligator, making the subsequent rise in December possible.

MICROSOFT could fetch more than 2200 pips after breaking the upper trendline of the symmetrical triangle. Lips crossed the jaw of the alligator, making the subsequent rise in December possible. Microsoft, generating $211 billion in revenue last year and leading in AI and cloud with a market cap exceeding $2.5 trillion, is a “cash machine,” according to Aswath Damodaran, and its consistent growth makes it a strategic buy. submitted by /u/Yuriy_UK [link] [comments]

GBP/USD Price Forecast: Stalls below 1.2700 amid dismal UK retail sales

GBP/USD ticks up 0.15%, yet fails to decisively breach the 1.2700 resistance. UK retail sales hit their lowest since April, dropping -3.4% against expectations of a 0.7% rise. Downward pressure persists; support levels at 1.2600 and 1.2486 remain critical for near-term direction. submitted by /u/Denchock [link] [comments]