NASDAQ - Another Bullish Correction?NASDAQ has been steadily climbing higher and higher with a channel. We can see that within the bullish moves, we have ABC corrections followed by a major impulse. We could be seeing another ABC correction soon which we can capitalise on.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the channel. Take profits would be the channel support.
Altsignals
BITCOIN - Back Below 30K!We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
BITCOIN - Back Below 30K!We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
GRTUSDT - Breakout!GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
GRTUSDT - Breakout!GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
AXS - Pump & Dump Season!Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
AXS - Pump & Dump Season!Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
ETHEREUM - Where Are We Heading?From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
ETHEREUM - Where Are We Heading?From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
SHIB - How We EnteredSee chart for full explanation as to how we entered.
Entry: After the double bottom on the 12th of June, we entered on the break of the descending channel.
Stops: We put our stops below the wick incase price comes back to retest the low - which it did.
Currently running 43%
SHIB - How We EnteredSee chart for full explanation as to how we entered.
Entry: After the double bottom on the 12th of June, we entered on the break of the descending channel.
Stops: We put our stops below the wick incase price comes back to retest the low - which it did.
Currently running 43%
DOGECOIN - Moment Of Truth...We've been monitoring Dogecoin for a while and not much has happened apart from little moves.We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
DOGECOIN - Moment Of Truth...We've been monitoring Dogecoin for a while and not much has happened apart from little moves.We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
LITECOIN - Watch For Breakout!Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD (See linked chart)
LITECOIN - Watch For Breakout!Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD (See linked chart)
BITCOIN - Can We Reach 40K??The 30K had a significant reaction early on this year and it appears that it has had a similar reaction again recently. The next area of interest would be the 40K level.
First we need to try and break the 36K level before we can reach 40K. Will be looking to take an entry on the retest of 36K should we break it...
BITCOIN - Can We Reach 40K??The 30K had a significant reaction early on this year and it appears that it has had a similar reaction again recently. The next area of interest would be the 40K level.
First we need to try and break the 36K level before we can reach 40K. Will be looking to take an entry on the retest of 36K should we break it...
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average?
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
How is moving average calculated?
A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis.
How do you use moving average?
In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish.
The way we use the moving average is that we see it as dynamic resistance/support.
Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off.
Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower.
Transition from bearish to bullish (vice versa)
We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action.
What moving average do we use?
100 and 200 moving average.
Examples
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average?
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
How is moving average calculated?
A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis.
How do you use moving average?
In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish.
The way we use the moving average is that we see it as dynamic resistance/support.
Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off.
Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower.
Transition from bearish to bullish (vice versa)
We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action.
What moving average do we use?
100 and 200 moving average.
Examples
DOGECOIN - Breakout - Watching For Bull Flags!In our last analysis, we were watching for a breakout of the descending trendline to indicate to us that we are in a bullish reversal. Once broken, price retested the descending trendline where we got our initial entry. We will be looking for further bull flags on the 15min timeframe for further entries and scalps.
Targeting the midlevel structure of 0.44.
DOGECOIN - Breakout - Watching For Bull Flags!In our last analysis, we were watching for a breakout of the descending trendline to indicate to us that we are in a bullish reversal. Once broken, price retested the descending trendline where we got our initial entry. We will be looking for further bull flags on the 15min timeframe for further entries and scalps.
Targeting the midlevel structure of 0.44.
ETHEREUM - Don't Miss This Easy Set Up! ⚡In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in.
The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below that level and first targets will be $2850.
ETHEREUM - Don't Miss This Easy Set Up! ⚡In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in.
The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below that level and first targets will be $2850.
