Get started

Bottom

Statistically ,this drop is an amazing BUY Hi crypto traders, Thought process: I calculated the time between the top and drop each time the price fell more than 15% during the previous cycle. The average time was 30 days. Similarly, I did the same but from the top to new ATH with average time of almost 100 days. Conclusions: 1. It is important to note that when the BTC price drops, it is only aprox. 1/3 of pain. We still have 2/3 of the pain on the way up with fear and uncertainty and people calling for lower prices. 2. Statistically speaking, we have already bottomed 20 days ago. Now we haver until mid-end of July to go through fearful times caused by mainstream media and youtube “influencers” (between us, they don’t provide better odds of success in trading than a flip of coin).
Long
by DEFI-trader
2
SNDL: Will it fly again? It seems so.Hello traders and investors! Let’s see how SNDL is doing today! It has been some time since we talked about it, so we have many things to update! First, for several months, SNDL did nothing, but now it seems it is waking up again. When it broke the resistance at $ 0.79 we had something new, and now we are in a clear bull trend with higher highs/lows. Any pullback must be seen as an excuse to buy SNDL. Now, we are heading to its target in the daily chart : It seems we have a rounded bottom , and some would say that this even a Cup & Handle, but this is not important. What matters is the meaning of this movement. Right now, we have something new on SNDL, as the price is not dropping or in an accumulation anymore, and what’s even more interesting, the volume is increasing . This means that the players are excited about the stock, and technically speaking, our next target is the $ 1.75. Let’s see if SNDL wil hit there again in the next few days. Meanwhile, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
17
Side Trading range.POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report. This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall market conditions. Secondhand retail business is popular and profitable for POSH and their business model is actually very easy to use despite what the bear say. I call that this is the bottom for the company as they are growing 40% quarter over quarter and its only a matter of time before wall street warms up to it. Good Luck. Always do your own Due Diligence.
PLong
by SheepWoolos
Key Patterns Of Price ActionKey patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the bulls cannot push through the next resistance level , a correction begins. It is undesirable that there were impulses during a rollback, a moderate downward movement should be observed; -By basic rules, the bottom of the cup should be formed in the area of correction levels. A deeper rollback is allowed in modified models. In case of a deep correction after entering the market, the position is transferred to breakeven as soon as possible, the probability of the trend continuation is lower, it is better to insure; Double bottom It all starts with the formation of a new low on a downtrend, after which a rollback against the trend occurs. Then, the price goes down again and rests against the previous low. And finally, after pushing off from this level, an upward movement begins, which breaks through the level of the previous local maximum. It is after the breakout of this level (confirmation line) that the final formation of the 'Double Bottom' occurs and you can start buying. The same is with a reversal in an upward market. After the first high, the price should fall by at least 10%. Otherwise, it will mean that the bears are not strong enough. Saucer Let's start with the shape of the figure. Contrary to its name, the correct shape of the 'Saucer' figure rather resembles a bowl. As you can see, the figure is formed by a smooth price movement along a parabolic trajectory. The first half of the figure (the left side of the saucer) is a smooth descent from the edge of the saucer to its bottom. The second half of the figure (the right side of the saucer) is the same smooth rise from the bottom to the edge. Ideally, the second half should be a mirror image of the first. And the bottom should in no case be sharp . The classic 'Saucer' is formed, as a rule, on large timeframes from D1. But you can also find him on H1. Flat base In trading, the term flat means an area on the chart, without a clearly defined direction of price movement, that is, a trend. In other words, flat is the opposite of a trend. Misc Rules -all BP = 10 pips -ideal prior uptrend >30% -for wks abv avg vol: #up>#down -up 20% for new base - undercut base resets base count - 66% or 3rd stage base fails - 80% of 4th stage base fails - in base bottom look for - shakeout - tight closes - volume dryout - accumulation
Education
by DeGRAM
18
Capitulation! Bitcoin Buy #2 filled.Bitcoin bagholders and gamblers are running for the exits again. All are selling at the same time and the price collapsed very fast. Not much new to say. Let's look once again at past examples. A few pictures are worth a few thousand words. Capitulation of "the bull market is back", the price was down 40% in a single day We can put the 1 hour charts side to side: Next, more recently we can look at the big red candle that eliminated the last 2018-2019 permabull survivors. September 2017 The last big bear market At best a mega rally, at worst 1 year to exit the position with a small win? Yes please. Why would this time be different? 2016-2017... You wished you bought at $200. I don't know what this is, but the selling again is very very fast as opposed to the buying & bagholding Even 2011... Each time of course the volume peaked, no point showing it, sometimes a bit sometimes a lot. It's a miracle! Kraken is responding I was able to buy. You might want to wait for the big green reversal candle before buying, or buy some now, and buy more with the green candle.
INDEX:BTCUSDLong
by MrRenev
3
Bottoms upPretty sure this is going to be weekly bottom, daily bottom possibly as well. My previous idea showing a possible wick down to this area played out after a bit of a fake out to the upside. We've been in correction since Feb and this looks to be the final capitulation event. I still think there's going to be a massive blow-off top to come within a few months. People selling today will be racing to get back in within a month or two once ATH is reached, then they'll sell again after the blow-off top with 50%+ drop in a single day.
COINBASE:BTCUSDLong
by RobBiddle
6
Burst 2 Bullish Paths: Bump n'Run Reversal BottomBurst has sucessfully broke the orange trendline (on this one we used the body of the candles). This has already been tested on lower timeframes, however, as the red path line shows, we might retest it again and see the 0.786 fib hold. It's a great buying area. However, since Burst has shown so much strenght, got the retrace to 20 sats (0.318 fib, golden pocket), we might just as well go ahead and break the purple trend line (from the wicks). I'd expect to see the price push and then retest the trendline. If you are not in yet, another safe entry would be that retest. You can check that pattern of bump n'run & reversal bottom has been present on every other altcoin. Burst time is coming. After that, unleash the bulls!
BLong
by Chackoya