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Alltimehigh

TSLA: Road to the All Time High.Hello traders and investors! Let’s see how Tesla is doing today! Ok, so Tesla was added to the S&P 500, and this is giving fuel to the stock right now. In my previous analysis, we discussed Bullish Engulfing , which was our last entry point on Tesla. Now it is too late to buy, but we could see an opportunity here if Tesla does a pullback. And if you missed my previous analysis, the link is below, as usual. For now, since we are trading around $ 490, I see that a pullback to the $ 462 again would be good and would offer some interesting opportunities for the late buyers. But for now, it seems Tesla is going to hit the ATH! Now, let’s see the daily chart: We have a Breakaway Gap here, which could be the start of a new bullish run on Tesla, and this seems to be a recurring movement, as every time Tesla does an accumulation, it triggers a new bull trend after a Breakaway Gap. We saw this movement on Oct last year, then on 1st Jun, Jul 2 and Aug 12. Most of these movements are followed by an increase in volume , which is happening right now too. It is not the same volume seen a few months ago, but it is a start. We are very close to the ATH, and maybe it'll offer some resistnce in the short-term, but we can't count too much on that. Now let’s see the weekly chart: Tesla did a Pennant chart pattern here, and as crazy as it sounds, it is breaking out from it this week. The volume decreased during the movement on the Pennant, which is normal and expected, according to the Dow Theory (the volume must confirm the trend). Now it is too late to buy, as the entry point was the Bullish Engulfing in the hourly chart, but I would wait for a pullback here, ideally around the $ 460 zone. This way you’ll increase the R/R ratio of your trade. Either, this movement seems to be the start of a new upside movement, and Tesla will be very interesting from now on. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
S&P Analysis Week of 11/15/2020: New All Time Highs?Will the market make new all time highs or will it dump and start its correction leg lower? Last week the market made NEW all time highs after pulling back. The week ended green and price spent most of the trading sessions consolidating (building energy for the next leg up or down). This week the variables are much simpler than previous weeks. My bias is more towards the upside because on Friday we closed above a very important resistance level (3575 - the previous all time highs). This was a zone that price had trouble getting above but finally accomplished it at the end of the week. Although my bias is to the long side, I have trade setups for both the long and short so I can take the trade the market gives me. I don't try to force trades. My Trade Setups: Trade 1: Get above last Monday's break down candle (~3607 with retest) and we are likely to make NEW all time highs. I know people really doubt this scenario and have been shorting the market again. Look at my rationale below. Trade 2: Get below last week's strong support area (~3435 with retest) and we are likely heading down for the next correction leg. Keep in mind the area I marked as NO MAN'S LAND . I would not be taking a new trade within this area. DO NOT PLAY THE BREAKOUTS. Last week was a great example of why you don't play the breakouts. More times they either come back down for a retest of the breakout area, or they become failed breakouts. Wait for the retest and resumption in the direction of your trade. Rationale: The reason why I have the strong resistance where I have it (~3575) is because price loves to retest the top of breakdown candles and the bottom of break up candles. Once price begins climbing the breakdown candle, the higher they go, the easier it is price will reach the top (it acts as a magnet). It is very likely this week that price will reach the top of this breakdown candle and find heavy resistance. You'll usually see price pullback some after getting to that point. It rarely breaks out on the first try. Getting above this heavy resistance will allow price to breakaway and could form new all time highs. This is why I have that area marked as strong resistance and why you can take the trade above this (after a retest). The previous all time high might act as some resistance but by then it should be easy to break. Good luck trading. "When it feels really wrong, it's probably right. When it feels really right, it's probably wrong." Please support my chart by hitting the like button. Thank you.
CME_MINI:MESZ2020Long
by XYZ-Trader-
4
IS BITCOIN GOING PARABOLIC?In my earlier analysis I argued that Bitcoin had a massive resistance ahead, namely the June 2019 high and the upper band of the upward channel. It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward the all-time-high of 20k. If the enormous buying pressure keeps persisting throughout 2020, we could see a new all-time-high soon.
Long
by FieryTrading
Bitcoin highest monthly close ever Welcome fellow Tradingviewers, This analyses is a follow-up from our BTC halving TA and the followup from that analyses analyses has proven to be effectious. (which will be linked in this analyses) If you haven't already consider reading that analyses before going deeper into this one. Since that analyses we are now on a 100 day streak above $10K and approaching new highs lets break down what the market is showing us. In this analyses we are going to show you our view on the current market situation for Bitcoin . We will be analysing BTC using a top-down strategy , including candlestick patterns , indicators and price patterns. Monthly: - This close was the HIGHEST CLOSE EVER for Bitcoin (By $20 on Finex) - The monthly close was a bullish engulfing candle. - Breakout immenent, with breaking ATH close price. - We are still above all moving averages. - Volume keeps increasing. - Higher High seems immenent. - Bullish MACD Weekly: - We closed the weekly as a bullish engulfing candle. - We still have the strong trend from the W formation on the MACD. - The MACD is bullish and shows strength. - We are well above all MA's - Volume increasing - Forming a Higher high according to analyses one. - We closed well above the 0.618 Fib. Level. Daily: - We closed the last daily candle as a bullish engulfing closing above $14K! - Clearly closed above the 2019 high. - The MACD is bullish. - We are well above all MA's - Volume increasing. In summary: Things are looking very Bullish for Bitcoin, the highest monthly close ever could result in heavy buying pressure from retail, smart and institutional money. We have seen crazy adoption by companies as microstrategy, paypal and square in the last couple of months. More companies will follow and with a graph like this we can only start to imagine what kind of companies/funds these are going to be. We ofcourse do not want to fall for FOMO and therefore we need to keep our vision clear. The still undicided elections are also things to take into account, this can create chaos in all markets including Bitcoin and while Bitcoin investors are mostly in GREED mode it will not be completely unreasonable to think about a pullback to squeze out the high leverage Long traders at the moment. But for now there are very little bearish signals from our perspective, support levels are also located in the chart. The lack of trading patterns is worriying making it difficult to set up targets on the current rise for the long term. If you disagree and see a price pattern, make sure to leave it in the comments with according targets! We broke above the 0.618 FIB. Level which has historically been a important price for Bitcoin. The next aim from here would be the 0.786 located around $16300. So we broke out of the downtrend and are forming the higher high that is going to move Bitcoin to higher grounds. This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
BITFINEX:BTCUSDLong
by ForAllCrypto
bitcoin trying to break pennant and ready to test All Time HighWelcome to this quick update. #BTC Update: Bitcoin is at critical Resistance now and i think it almost break it but wait for confirmation. There are two important line which intersect with each other around 11.1k which is the most important level now. Though you can see those yello boxes. BTC really fluctuates alot in this are and breakdown won't be easy IMO. Any break below the black trendline could take BTC to $10.3k. It won't happen that quick. My 1st target is 13.3k then move to its ATH and will get invalidated only on the break of $8867 which seems highly unlikely. Do not forget we broke almots 950 days Resistance which is very important as per TA. So look for the long term rather than the short term. Remember those people who sold BTC around $350 and bought back at $20,000. If you look at the daily chart for the above scenario we need a weekly close above 10890 because the 50 D MA is at that level Break and close will confirm the upside momentum. If you like this quick update please give it a thumbs up and do follow me for more future updates. Stay safe
Long
by Bitking786
IS LINK PREPARING FOR A NEW ALL-TIME-HIGH?Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new all time highs or will its crazy run-up finally come to an end? ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading
3
Zooming Out on Bitcoin - $13,868 - What will happen?This monthly view shows that Bitcoin is at a pivotal price to position itself to reach the all time highs from 2017. My projection, based on timing of previous 4 year cycle is that this could take place by March/April of 2021. In July, we broke out of the long term down trend (see gold trend line) and have retested it and seem to be breaking out convincingly, which makes me lean in a more bullish direction for this longer term view. Also, we are close to having the 2nd highest monthly close in the history of Bitcoin. There are 3 paths that I see Bitcoin possibly choosing, the first 2 seem more likely based on current news and what I see happening in the crypto space in general. 1) We see continuation, breaking past this $13,868 resistance within the next month, and start heading towards the all time high. 2) We form a Cup & Handle, which would delay things by a month or 2 before we retest the $13,868 resistance again. Least Likely scenario, in my opinion: 3) We break down from here, unable to retest $13,868 resistance and move into a month long equilibrium that would need to find a higher low somewhere above $3,858. A big stock market drop or a significant reaction to negative Covid news would be the most likely cause of such a move, and it would probably have a significant impact on the timeline of reaching the previous all time high. Thanks for taking a look. I'm curious if you have similar expectations or if you have a more bearish view.
COINBASE:BTCUSDLong
by zwickster
Amazing Week For SPX, Big October Coming 3800+SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week. SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond. 3425 is a key level to hold on any pullbacks. If SPX can get over 3486 it opens up 3528 and 3579 above. 3486 is the final key resistance before 3600+. Below 3425 is 3411 and 3389. If SPX loses 3425 look for longer term consolidation or sideways range bound action into the election. SPX was stronger than NAS. It reached it's key resistance level at 3486, NAS is still under this level. BOTH NAS and SPX will have to clear their key resistance levels to test all time highs. Avoid the noise of why the market is going up or why it can't go higher. Let go of your own biases. The price action is telling us it is going to test all time highs. If this changes we will change with it but don't let bias or fear hold you back from the opportunity that is currently being presented.
OANDA:SPX500USDLong
by TradingWithTrends
2
Energy and Financials Adding To SPX Strength In ATH RunSPX with a key back test of the 3389 level overnight as it's trying to break up over the 3411 level. If it can over 3411 it should trigger a test of the key 3425 level. This is a key level from our double top back in September. SPX is opening stronger than NAS and this is mainly because of energy and financials. If energy and financials are able to join this rally, SPX will run to ATH's and beyond. October is shaping up to be a very bullish month with the potential for a very large rally.
OANDA:SPX500USDLong
by TradingWithTrends
The Finishing Moves For This WeekAfter putting up my initial buckshot for the next month, some movement has come into picture. I have Minor wave 1 ended on September 30 at 1400 which had it last just over 31 trading hours. This is 3 trading days earlier than my last forecast. This could mean I am wrong now, was previously, am still wrong, or most of my original forecast has slipped left and the marks will occur sooner than originally projected. A three day slide now brings the market top to the day of or day prior to Election Day 2020. This is absolutely possible with the likely unknowns set to occur November 3. We could be holding our breath for an outcome longer than we might have expected. I have forecasted Minor wave 2's movement which are set to find its bottom before the end of this week. Minor wave 2's for the index tend to retrace the length of wave 1 by 33-68%. A 40% retracement is closer to the mean and average while remaining conservative. This conservative estimate would have Minor wave 2 last around 12 hours. Another significant statistic is that wave 1 is around 1.84 times the length of wave 2 which equates to roughly 14.5 hours for this wave 2. Lastly, Minor wave 1 tends to make up 22% of the length of the larger wave (Intermediate wave 5) it resides inside. Likewise, wave 2 makes up around 9.5% of that larger wave. Based on wave 1's length and possible contribution to the larger wave, Intermediate wave 5 could last around 145 hours and wave 2 could be 13 of them (SIDENOTE: 145 hours ends on October 22). I am projecting Minor wave 2 to last around 13.4 hours. The movement for Minor wave 2 seemed much less complex to locate. A fairly common wave 2 retracement is around 38% which is also near the common Fibonacci retracement of 38.2%. This could have wave 2 drop 69.96 points. Wave 1's movement in relation to the total movement of its larger Intermediate wave is around 45% while wave 2 is around 17%. This could mean Intermediate wave 5 gains around 409.13 points and Minor wave 2 only drops 69.55 (SIDENOTE: 409.13 points puts the top around 3618.58). Lastly, wave 1 tends to move 2.37 times wave 2 which could see a 77.68 point drop for Minor wave 2. I am forecasting a drop of roughly 70.56. Based on the forecasts, I have further attempted to identify the movement of Minute waves A, B, and C. Wave A tends to make up 35.54% of the larger wave's movement while B makes up 28.13% and C is 37.24%. Wave A tends to move 73.86% of the overall move, while B reverses course for 44.60% and C is 67.83%. I have placed the A, B, and 2 (Minor wave C) roughly when and where the waves should change course. This is setting up for a truly great entry point to "buy the dip." Minor wave 3 begins next week and could make for a few weeks of major gains. The catalyst? COVID stimulus is not dead yet and could find an agreement before Congressional recess this weekend or early next week.
SP:SPXLong
by StockSignaler