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Bottom

SOLANA Slope RSI at an extreme pointThere has not been a pattern to confirm the bottom yet and it would be unwise to enter a trade right now but we the indicators are telling me that the bottom has been reached. The honey Cypher VWAP is at a very low point, the previous time it reached this level we got a massive move to the upside. At this point we had a double bottom formation which further increased the likelyhood of a strong trend. My strategy here is to wait for a reversal pattern to surface and enter a trade with a very small stop loss, -2% with a TP1 5% TP2 10% and a trailing at 3% with -3%. You could also enter a trade the moment a reversal brick get's printed but that is less reliable than the patterns. Link to the bounded slope oscillator.
FTX:SOLUSDLong
by Honestcowboy
ADAUSD Double Bottom Play for ReversalImportant things to note: I am going to start posting my main market overview in a BTC chart instead of cramming everything into an ADA chart. I will be posting alt charts throughout the week (this just makes sense structurally). BTC looks rather good from every angle (on chain, technically, and in the macro space). I bet in early Feb that BTC was going to 53k in March and here we are so that is what I am expecting. Not only is volume going up for BTC but alts in general. ADA has gotten beaten down for some time and nothing lasts forever. ADA has not seen a substantial increase in volume. ADA is sitting at last support before a drop to next support. A bullish scenario would be a retest of support (on going currently) and a reversal. This retest will tell us a lot about the market level of ADA. Hey everyone, I'm back! A lot of you have been wondering where I have been so let me update you. I have been spending my time in both crypto and tradfi, trading derivatives aggressively with friends primarily. The volatility has been high so February was the time to harvest some sweet premium. People that have reached out to me in the month that I wasn't updating knew I was still here watching the charts. I really didn't see much need to update anything other than saying buy everything you can, which I have been doing as you are all aware. I do not have much time so I am going to change things up a bit. I will be posting my main market overviews on a BTC chart from here on out because that just makes more sense. I will be posting my alt charts throughout the week including ADA. I have to admit though, getting a chart taken down for mentioning something I am trying to put together to help you guys really soured me when it comes to putting out charts on TV. Especially considering I put a lot of thought and effort into this with the limited time I have. Hope you understand. The market and ADA - BTC looks great on chain, technically, and has found its place in a harsh macro environment. This was proven by the fact that it held at a very important level. Supply is great and since the only thing we were lacking was demand, the fact that volume has been increasing is a good thing. I can also see the bid sizes looking very healthy. I had BTC pegged in early FEB for a double bottom reversal and a 53k target in March. We got the first part and now waiting on the run to 53k, flipping sentiment. ADA has had a rough go of things as of late. Every time it has found support, it has gotten beat down tremendously. It is currently sitting at the last support before a fall to 45 cents with a brief retest of 75 cents. This next retest of support is important. Mostly because it will determine if ADA can reverse course or fall to the next range (45 cents). Since I believe the BTC reversal is upon us, obviously I think this retest will end up in a double bottom, and a slow grind upwards until alt season hits. This will cause ADA to range primarily until the bit jump up, which will likely be just as fast as the last. A lot of the price action has to do with the fundamentals of a slow growing chain, fortunately or unfortunately depending on how you look at it. Thanks again everyone! So, tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
6
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
LINKBTC - close to the bottomLINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA. We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support. The parabola for LINK/BTC is still intact and it's very close to it. This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions. Let me know what you think and best of luck with your trades!
Long
by Wolfy_
2
HEX could turn bullish if...HEX current price is 14.05c I think the Ukrainan war max fear has gone . If things won`t escalade ,and more countries will step in ,I think there`s a decent chance markets will find a bottom soon . If things will escalade ,then your last worry will be crypto prices ,and you can threw out of the window all TA`... Hex needs to close above old support 17-18c c (daily ,preferably a weekly candle close) but even 16,5c is good enough to turn NEUTRAL. 23,5c-24c (thats where the 21 weekly EMA is ,but also horizontal S/R) is another major resistance .If you see prices higher then 23c ,thing could turn really BULLISH In the past 24-48hours, HEX had all the reasons to go under 10c ...didn`t happened and now there is a decent chance price could form W bottom around the 12c (no bullish divergence tho) and go back to at least 16-17c.
Long
by Sam111
Falling wedge on the Weekly VECHAINWe have this beautiful falling wedge on the weekly chart. As we all know Vechain has great fundamentals but the price is falling like rain, but i think we are at the bottom, because of this falling wedge on the weekly. I have missed the train and bull run for vechain and now i am happy to have this opportunity to buy that great project so cheap. The price target should be at the top of the wedge which is 25 cents but i think we can go way above that if the bitcoin goes up which i think it will. What do you think about this falling wedge? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. VET TO THE MOON!
Long
by Mladen94
2
BITCOIN IS BULLISH - CALLING THE BOTTOM!I am not very good at explanations so will let the chart do the talking. Those blue lines are Fibonacci speed resistance fan lines, that have identified the ATH's and areas of support for the last couple of years running. I am quite confident it is up from here, however, this is a weekly chart so there could be periods of delay through micro trends etc. We also have a green reverse FIbo identifying possible areas of support and resistance towards 100k if we are able to break the current fan trend. The red area zone is the validation zone, I would expect the price to float around this zone if the market is continue with bearish pressure. This being, looking at the weekly candles, I expect 41k by the end of this weekend for the weekly close, which will help validate the chart patterns shown. Total transparency, I am going heavy exposure equity wise with BTC from here (no leverage so no liquidation). Published the analysis just to look back and see if I was right or wrong in a couple of years- hodl! -- @MyNamesZergg
BITSTAMP:BTCUSDLong
by JamesSpindler
BITCOIN Bottom Options!Good Evening Everyone! 😃 I want to give you two different options for a Bitcoin bottom. It's all in the chart, to the upside 📈 and downside 📉! The moving averages used are: Black 200 week SMA, Orange 100 week SMA, White 50 week SMA . I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by BitcoinEasyIO
BTC WEEKLY CORRECTION... UPDATEThis is an update from the afternoon of 02/20/2022.. if you haven't seen it, see the post with all the description and techniques used: -CORRECTION-trading-strategy/ WEDGE DESCENDETE AT 1H FORMED!!! Upon entering the turmoil zone where there were a large number of waves, BTC formed a descending wedge pattern, a pattern that usually breaks out to the upside. DESCENDING WEDGE. Trend reversal pattern where the asset loses funds but does not continue to fall, generating a depletion in the buying force. This pattern was formed in the price turmoil zone and on the oversold RSI. It took an update in the price entry zone sideways before entering the oversold zone on the RSI, which pulled it further down, sorry I wasn't home to post. Now I continue operating this pattern by making entries at the base of the wedge, taking 10% profit on the resistance of the wedge and if there is a continuity of fall I add this profit to the base again to have the best average price. I canceled my stop and now I will accept the stop loss if we miss the bottom of the wedge. This pattern is the same as when I took the bottom of the monthly, previous post, where when entering the buy zone it formed a descending wedge and broke up.
Long
by RodrigoHonorioUK
BTC WEEKLY CORRECTION... trading strategyhello Below is an analysis of BTC for the next few days, the idea is a short swing using the bottonm fishing risk-return 4.19 strategy. Indicators used *Fibonacci retracement *12 and 26 period moving averages *MPVR *RSI levels Current Scenario BTC comes in a strong rally on the weekly chart, so in this period it has to correct. Believing that this low is just a weekly correction. SPY also contributing to this correction in BTC. How I analyzed I begin the search for the bottom of this weekly correction that occurs when the 4h RSI enters extreme levels. Using RSI lvls I marked this region with a yellow box. Now using the MPVR, I look for regions where there was strong market movement in the past to establish as support, the green and red box, where it coincides with the extreme level of the 4h RSI levels. Using the Fibonacci retracement on the weekly rally, it shows the golden line at the value of 38000, a strong psychological number, which is exactly in the region that the other indicators show. I would like to say that I use Fibonacci only as a mere reference but not as a criterion. Conclusion ALL indicators point to the 38000 region as an excellent buying point, I am dividing my capital into 5 orders of equal values ​​ranging from 38000 to 37500 (another strong resistance observed in the MPVR), thus seeking to take the stop orders and get the best average price. The STOP will be at 35990, a little below the 36000, a strong psychological number, from this point on, according to the TRDR (I don't have it but I've seen it from other traders) there are no more significant orders, that is, the price would plummet. The final gain is at 44000 when the 1h RSI would enter an extreme overbought level and the 4h would enter an overbought as well, in this region according to MPVR and TRDR there is strong resistance. I will start taking profit when we reach 41900, when we enter a strong resistance zone according to the indicators, I will exit with 60% of my position and I will peel until the final profit. Heads up Be careful with the news about Ukraine, which has been affecting the market more and more but still does, and the SPY. BTC dominance is falling even in this uncertain scenario, which is strange to me and I'm looking closely. GOOD TRADES TO ALL... doubts and suggestions I am available.
by RodrigoHonorioUK
Bitcoin: Building support at 43,600 necessary for attacking 45kWith simplicity on the chart, it looks a lot like Bitcoin is building a necessary support at ~43,600 which is necessary for the major attack to finally conquer ~45,000 If the past 2 weeks we haven't seen much clarity on the charts, unsure were all of this is going, we now finally start to get a sense of the general direction. It is most likely we have already seen the bottom. Most of us can agree that we are massively oversold, and it is more likely we will go up than more down. 45,000 is the nemesis. Conquering this price level is most probably the final milestone before entering ~50,000
Long
by UnknownUnicorn35305092
1
Weed stocksTLRY, CGC, SNDL, ACB So far this year looks like the weed stocks have found a temporary bottom. Most are curling off the bottom. TLRY has lots of resistance above but last few days has been pushing with increasing volume. Just keep an eye on them if they really start squeezing. Most likely will be looking at some calls this week to see if we can get some follow through. Of course it has been in a nice downtrend overall for over a year but I do like what I have seen last few days.
NASDAQ:TLRYLong
by InvestBro13
Bitcoin testing previous support levels in search for new bottomAfter several attempts to break through the ~45,000 price mark, Bitcoin is now testing previous support levels in search for a new bottom to bounce off of. At the time of writing this, bears are fighting at ~42,800 which if it breaks, the next support would be at ~41,000 with a potential dip to ~39,000. In terms of trading strategies, it is recommended to be neutral as bears and bulls are fighting for setting market trend, and momentum.
by UnknownUnicorn35305092
2
BTC 'Top Bottom' Indicator AreasStarting from 1 June 2015, there have been 20 'sell' signals on the Top Bottom indicator (not including the most recent signal). Fifteen out of 20 periods from 'sell' to 'buy' signals represent negative price changes. Here, these periods are defined as the daily high on the day of the 'sell' signal to the daily low on the day prior to the 'buy' signal. The descriptive statistics of these periods are below. No. Days: Range = 5 to 151 Median = 33.5 M = 44.6, SD = 35.1 Per Cent Change: Range = -45.36 to 10.12 Median = -7.21 M = -11.06, SD = 15.68 Currently, we are on Day 66 since the latest 'sell' signal. The three grey boxes run from Days 45-80-115-150. Statistically, there is a good chance the current period should end within two weeks and an even greater chance that it ends by mid-March. The daily low on the final day of the current period should fall within these ranges. The numbered candles are merely examples.
COINBASE:BTCUSD
by bjames123