Amazon stock analysis: Chart annotation for Swing Traders.Price closing below $1572.30 presents trouble for Amazon.
Analysis for the e-commerce giant, Amazon is presented on the 4 hour timeframe using a logarithmic scale. Over 13 months of price action is covered including the bullish trendline in Amazon since October 24, 2017.
Amazon has traded lower ever since it reached a price high of $2050.27 achieved on September 04, 2018, including price breaking below the bullish trendline on October 03, 2018. Both scenarios above do suggest a plausible trend change in Amazon from bullish to sideways at best.
Current and immediate resistance or overhead supply as drawn on the chart lies between $1848.60 and $1774.17. The trading zone is bordered on the bottom by support which is between $1350.77 and $1265.88.
Lack of price closing above the top of resistance and/or consolidating in this region does argue for a bearish bias. In this case, a conservative point of entry into a short (sell) position is on a break below the price low on February 08, 2019 = $1572.30.
The minimum target for the bear swing is the upper region of support = $1350.77
Bicoin
Bitcoin (BTC/USD) Daily Chart Analysis 11/30Technical Analysis and Outlook
Since the Bitcoin is getting near the first Key Resistance $4532 , suggests that bulls are in charge of the current market, at the very least from a short-term perspective. The subsequent major outcome is possible at Coin Rally $4746 - while Key Support is found at $3241 with a crucial outer Coin Dip $2860 . (For Market Commentary, please visit the usual site).
BTC longterm view. When we can go up? historical trendline...Hi I am new here on trading view, I found there a lot of awesome charts and predictions, so I add my opinion to the Bitcoin longterm.
In chart we can see historical trendline , there was few touch and after was every time jump up,
so I hope that bitcoin touch the line in november or december and we will se next wave-bull run.
So much investors, traders and hodlers wait for this moment, there is a lot of positive things about crypto like never :)
New crypto trading platform is prepare for open doors large institutions, there comes a lot of capital to crypto markets.
Bakkt open trading with Bitcoin futures in 12. December.Next there is Fidelity, ETF and more.
November and December is strong months in cryptomarkets, so I hope that this year will be the same :)
There is 3 scenario,
Bitcoin go to the side and touch the trendline between 15-30. December.
Bitcon break triangel resistance and we can go up early and touch the trendline after uptrends correction.
Bitcoin break down over strong support 6000-5800usd, in this case we can look nearly 5000usd and touch the trendline .
I prefer that BTC touch 6000usd support or 5800usd and around end of November we will se new capital and fresh air in the markets,
touch the historical trendline and Bull can started. Targets can be 20k-100k or more.
Thank you for your activity ,comments, likes and follows.
I will try to update the situation as much as possible.
Ripple analysis todayRipple analysis for today is carried out using a 4 hour time frame log scale. It was mentioned in the previous post that price action breaking to the upside of the bear channel, and also above resistance as indicated by the horizontal blue lines (previous post) would argue for a bullish bias in Ripple (XRP).
Commentary is provided based on the numbers marked on the chart.
(1) Bullish trendline with the most recent pivot occurring on November 4, 2018. Price closing below the trendline negates further upside in the price of Ripple.
(2) ~$0.46 and $0.42 is used in this Ripple analysis to indicate immediate support for Ripple. The support area does coincide with the support region of the trendline i.e. (1) above, therefore increasing the likelihood for resumption of bullish momentum at support.
(3) The Relative strength index (RSI) as shown here indicates that the current momentum has run out. Consequently, it is better to wait for a pull back in price before attempting to join the bullish trend. Retracement and price breaking back above the most recent high is therefore the most conservative entry for a long (buy) position.
Short term Pennant FormingI believe BTC is in a slow uptrend (for now), so the pennant forming is bullish. A short term trade could be made in this area with a stop at 6200. Regardless of your entry always use stops to protect capital. Without capital you're out of the game. If you don't mind holding through dips you can set a loose stop. Even if you like to HODL it's wise to have stops at major support areas. As far as BTC is concerned I wouldn't hold if it drops bellow 5700-5800. Who knows how far it could drop if that area broke. Money can be made in a bearish and bullish market, so keep an open mind. Like if you agree. Thank You!
$VET, Alcohol & Indoor…
Daily
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum is in favor pf bears with no signs of reversal. Last time price was here was back in August. No major support levels shown until 120 satoshis. Looking for a daily close above 180 satoshis or a bounce off 120, potential psychological support at 150.
EOS - Big Move Coming SoonEOS is one to watch here for sure - in the next week or so, we will get confirmation of either a break-out to upside fib levels (i.e BTC pushing back towards 7k). Alternatively, BTC could fall through the floor, sending EOS through it's $5.00 floor, and likely to test bottom of descending channel near $2.50. Either way there is huge potential in this trade. my gut is LONG - $5.00 entry point is nice, $10 TP for a total of 100% Return. SL and Reverse to short below $4.50 seems logical.
We need to see top alt coins such as eos, xrp, eth, ltc outperforming BTC in order to confirm end of bear market imo, so this is the play.
Best of luck, and hit that thumbs up!
USD JPY analysis: 3 crucial info. to keep in mind. USD JPY analysis from September 10, 2017 to current date is carried out on a 4 hour time frame. Analysis and commentary is provided below based on the numbers indicated on the chart.
(1) The main trendline (in color red) of the USDJPY starting from January 26, 2016 (not shown here). The only pivot for price that meets with the bearish trendline shown here is ~113.053. Price proceeding to close above the trendline could result in a rally in the USDJPY. Price close above ~113.144 implies resumption of bullish trend from ~104.588.
(2) The bullish price channel in the USDJPY that contains price swing from ~104.588 to 113.144. Price broke out of the channel on the July 26, 2018, and the meandering price action of the USDJPY as captured in a bear channel in (3) implies a possible change in the trend.
A price close above ~112.278 would see price vacate the bear channel and price high made on August 1, 2018, which could be used as an earlier entry point into a bullish move than price high of ~113.144.
There are two ways of a bitcoin ahead of $ 10,000.(20180428)There are two ways of a bit coin ahead of $ 10,000.
(April 28, 2018 Bitcoin technical analysis by Brandonhahm)
Hi ~ Traders!
I am branddon and posting mainly Cryptocurrency including bitcoins.
The technical analysis of the remaining ten representative Cryptocurrencies, including coin market cap,
You can see here. >> www.allaboutforex.net
So let's start the technical analysis today!
First of all, as you can see, the buying entry bitcoin was once on April 12!
Another time on April 18! And you are a situation now.
It's easy to see this chart!
There is a cloud with a gray color that shows the main trend and a red cloud that shows a general short-term trend.
The biggest reason that the bitcoin is on the rise is the relationship between the short-term trending red cloud and the long-term trending gray cloud.
You do not need to draw a trend-line at all, if you are comfortable in a bull market, buy only, and sell in a bear market! Is it easy?
When you see the chart of the current bitcoin, you can see the spot where all the red and gray cloud BTC price pierced? From that point on, the first rise of bitcoin started.
The price around that is around $ 7770! If you bought a bitcoin here, you'll be seeing a profit of 20% ~ 30%. If you did not buy a bitcoin here, there was a second re-buying zone. Simply put, when the price is on the gray cloud then price re-breakup the red-cloud, the second part is the part where you have to buy it.
The price for the second segment is roughly $ 8210. And now the situation of bitcoin! At the current price of around $ 9370, there is a third section that you should have bought there spot. However, the price dropped slightly to around $ 8780, then bounced back from the gray cloud indicating a big support line again, and then back up to around $ 9200!
What should you do? There are only two things. I'll tell you the solution now.
First solution
>> There is a third buying section near $ 9300, so there is still a way to buy it. But do you see the green line I painted?
That line has previously served as a resistance line, but now the market has turned into a support line breaking through. Based on the support line whose role has changed, you'll stop loss there!
Second solution
>> If price breaks down the gray cloud, unfortunately the bitcoin downfall will start once again. You have to settle all the positions you bought a bitcoin for your risk management!
ETH/USD - Live UpdateWhat's up traders,
Here we are analyzing ETH/USD on the 1D chart.
I posted a ETH/USD analysis lately, and the dynamics of the trade have changed now, hence I am eager to update this idea.
Price is trading upwards since our last Ethereum analysis, and if you followed me, you would have made significant profits already (See related ideas for information on previous Ethereum analysis. Price is now trading at 605, after breaking side-wards resistance structure and continuing to the upside. Price is currently finding strong resistance at the 200 major moving average, because of this, There is a chance there could be a correction now, before any further upside ensues.
Price will now likely test the moving averages and correct to the Fibonacci retracement swing at 503.70.
I am expecting Ethereum to correct at the 200 moving average, come into the swing low and break to upside
Bare in mind, if price breaks to upside and finds support on the 200 major moving average, this could be extremely good news for Ethereum and would show a real confidence in the coin.
I will update this analysis when I receive above 40 likes.
A Sudden Drop On The Cards For Bitcoin In The Very Near Future?Hi there Guys and Girls, me again :-)
Just thought I'd give you a quick update on my thoughts with regards to BTC for the next few hours, maybe days, although I don't anticipate it being a long-drawn out thing. As I'm writing this BTC is hovering at exactly the $9,000.00 mark and it seems the resistance line is keeping it in check right there. Couple that with a nice consolidation over the past few days on the 4 hour chart, and also taking into account the subtle hints coming from the MACD, I believe we may see a sudden drop in price, somewhere in the near future. Whereto? Well, my guestimate at this point is that the first stop would be around the $7,800.00 to $7,500.00 level - we'll have to re-assess what happens from there onwards, but I believe a drop may be on the cards sooner than later. That elliptic area I drew is where I envision things might go, but as always - it's not an exact science. If it were, we would have had a whole lot more Billionaires in the world. Safe trading everybody, and above all else - enjoy the process!
As always - This is not advice to buy or sell, but merely my take on what the market might do in the near future. Always work on your own analysis, and trade safe everyone!
BTCUSD - Dec '13 Repeat?Hello all,
Just some thoughts here. The pattern seems to be fairly similar to what we saw earlier in Dec '13. Back then we hit a high of ~$1,150, dropped back to ~$400 (-70%), then we bounced and climbed back to $930 (+130%) before slowly consolidating to the $200 range (-90%).
I have shows similar points of interest with out current chart with upcoming targets if we were to simulate similar % gains and losses. I've also drawn various trend lines and where the "points of interest" might hit.
Comment your thoughts below!
Parabolic pattern with possible repeat 2013 situation with -90%Parabolic pattern of minimum and maximum values of BTCUSD ends with turning point at 40 000 at end of January.
If the scenario from 2013 repeats the first fall will be approximately -70% from 40 000 to 12000
But big fall could come if some "black Swan" news appear, e.g big exchange or wallet becomes insolvent and fails in bankruptcy.
The big crush could be between 240 000 and 24 000 from middle of 2018 till middle of 2019
Short-term bullish My preferred count is still to view bitcoin in a large correction since the manic bubble burst 3 years ago. It took 5 years from the creation of bitcoin to reach its mania high. The time it is taking for this corrective pattern to unfold still fits into the larger wave structure.
With the alt count "Entertaining the Bull" in mind, the short-term view does call for a new 2016 high.