Despite expectations, Bitcoin has so far shown no signs of wanting to break through the USD 74,000 mark. This increases the likelihood that Bitcoin could retest its upward trend at around USD 59,000. In the slipstream of the leading cryptocurrency, other cryptocurrencies could also fall temporarily. However, I remain invested as I believe a bullish triangle is forming, which makes a breakout seem only a matter of time. Despite the expected volatility, I recommend remaining calm and holding existing positions. It seems relatively unlikely to me that cryptocurrencies, which have so far shown relative strength against Bitcoin, will collapse significantly. 

Let's start with the last stock analysis I posted on TakeProfit, Salesforce. This trade resulted in a 26.56% drop or $76.67 move per share at the lowpoint. As outlined beforehand, we were expecting lower prices in Salesforce with an ideal entry, as almost always, at the 50% level. 

Following up with the trade and chart drawings from yesterday, we can see that we did in fact go above the BSL outlines in yesterday's edition, which would be a move of $1059 or 1.6% within 12 hours per Bitcoin. 

In the event of a successful break with a retest, it is possible to form a new X-ABCD pattern at pattern point D

i rearly liked you platform but can you also add indian market

Once again, we are looking at the Bitcoin chart. Let's first examine the 15 min chart to get a better understanding of overall market direction. First, you must understand that if you enter via higher Timeframe bias, your RR is massively improved as you can find entries in the lower time frame but Take Profits at the higher Timeframe Targets. 

Last week I still had the correction on the chart, now I am assuming a direct "march through" towards 5,400 points and even then I only expect a moderate correction. This is because a positive divergence has formed in the "advanced/declineline". Roughly speaking, this indicator shows the market breadth and has expanded to a new high. At the same time, the S&P500 has not (yet) managed to do so. However, this divergence was the "tip of the scales", which is why I expect a clear continuation of the upward trend. It is interesting to note that it is no longer the technology stocks that are generating the momentum, but rather the representatives of the sectors: Energy, Utilities, Materials, Industry and Communication Services. What is particularly exciting here is the "utilities" theme, behind which the "smart grid or energy infrastructure" theme also lies.

This trading week saw renewed attempts by Bitcoin to break through the significant USD 73,961 mark - but so far without success. However, the increasingly tight consolidation points to an imminent breakout. Should Bitcoin break through this threshold, the next target is set at USD 84,918, with the crypto community's ambitious psychological annual target of USD 100,000.While Bitcoin continues to defend its dynamic upward trend and I remain fully invested in my crypto portfolio, the developments in Ethereum also deserve special attention. After a period of weakness against Bitcoin this year, the approval of a new Ethereum fund has led to a sharp rise. This development could see Ethereum outperform Bitcoin in the coming weeks as it brings additional liquidity to the market.I am also keeping an eye on cryptominer stocks and plan to significantly increase these investments at the expense of other positions in the event of positive signals. The sector remains dynamic and offers attractive opportunities, albeit with the usual high risks. Of course, my comments on the high risks and the maximum proportion of the portfolio from my previous posts still apply.

Bitcoin Live Trade, showcasing Risk Management, Entry techniques and much more

BTCUSD Live Trade in m1 using SMC and Fibo Trading 

In this Newsletter, I'll drop my opinion on trending tickers in stocks, crypto, forex, commodities, indices etc, give updates on past ideas and analysis and try to explain my strategy behind my trading style. Let's go!

Last week I still had the correction on the chart, now I am assuming a direct "march through" towards 5,400 points and even then I only expect a moderate correction. This is because a positive divergence has formed in the "advanced/declineline". Roughly speaking, this indicator shows the market breadth and has expanded to a new high. At the same time, the S&P500 has not (yet) managed to do so. However, this divergence was the "tip of the scales", which is why I expect a clear continuation of the upward trend. It is interesting to note that it is no longer the technology stocks that are generating the momentum, but rather the representatives of the sectors: Energy, Utilities, Materials, Industry and Communication Services. What is particularly exciting here is the "utilities" theme, behind which the "smart grid or energy infrastructure" theme also lies.