Nearly done bullish correction | Short BiasDaily Chart
FX:USDCHF is in downtrend and it's moving up to resistance zone around 893
I expect price will failed at this level and come back to 866
Wait and see what happen
Bullishcorrection
BTBT- 500% YTD Pullback for Long EntryBTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up
this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week,
it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but
with a lower price and market cap. It had been trending along the second deviation line above
the long-term VWAP anchored at the beginning of the year. The pullback to the first deviation
the line above VWAP allows for an opportunistic long entry. The ascending amplitudes of the K
/D line excursions on the MACD indicator are confirmatory for the bullish momentum. I will take
a long trade here expecting a 50-100% return over the slow trading of the remainder of the
summer. I believe this will further diversity the portfolio by exposure to the crypto sector.
DXY IN A BULLISH CORRECTIONWe are currently in a bullish corrective phase on the dollar index and a break above 115.41 which happens to be a valid level of resistance.
However, a break below 110.230 may indicate a change of market direction.
GBPUSD Bullish CorrectionGBPUSD in Bearish Trend, but as you can see GBPUSD make a Base Area. Seems market
little bit tired to continuing his bearish movement. So in this case i predict GBPUSD will make small bullish correction, or even breakup the base area. I predict market will goes up until reach 1.33683 based on cluster area between trend lines, and base resistance.
XAUUSD Bullish CorrectionI predict gold market will make bearish correction movement. Because the price is already touched 2 cluster fibonacci area.Then the price has been in the oversold area for too long So it's time to the price left the oversold area, and try to reaching overbought area. I will assume the price will goes up until 1812.903. Because there's minor resistance over there.
EURUSD Bullish Correctionafter EURUSD experienced an impulsive bearish move.
I predict that EURUSD will make a bullish correction.
Because according to the Fibbonaci measurements that I did.
Currently the price has touched a crucial area,
namely the three golden fibbonaci areas meet each other and form a cluster.
I also saw on the stochastic indicator, the price has been moving in the "oversold" area for a long time,
so there is a possibility that it is time for the price to get out of the
"oversold" area and starts make bullish correction movement.
I predict the price will move up between 1.14888 to 1.15136
using the previous resistance reference.
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
BTC/USD any pullback is a buyHi followers,
BINANCE:BTCUSD is up about 10% last week. Are we forming a new uptrend? What do you think?
While the bitcoin stays above 40,000$, any move down should be considered as a buying opportunity.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
ZOM: Top or 1st motive wave cycle?Been hodling ZOM since Jan. I'm looking at the price action as a potential large degree flat to continue up. We might be stuck in limbo for the next month or so. If I see some bullish action around $1.33 - 61.8% retrace, I will be looking to add to the position. This might be considered a "hype" or "meme" stock, but I think they might be on the verge of something incredible for the vet sector.
What do you all think off ZOM? Something here, or damned to $0?
S&P500, Gartley Sell. I have a double Gartley set up here. We have just completed the smaller Gartley which at this stage ties in with the ABC leg of the bigger Gartley. If we look at time and price then the C-D leg should be the same amount of time as the A-B leg.
If it moves faster then we could see the 3400 area which is the 61.8% of the move up.
Weekend trading is flat at this stage, so see how we open tomorrow.
EURAUD - Intraday Analysis -Bullish Correction Possible - H1EURAUD - Intraday Analysis -Bullish Correction Possible - H1
We have a major Bearish trend on the Weekly, Daily & H4 charts.
Price made a new low and reached the -0.236 Fibonacci Level if this level hold as support, we are considering entering LONG
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Entry: 1.6365 | Stoploss: 1.6315 | Takeprofit: 1.6540 |
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If you like this idea please click the like button to support this channel, thanks.
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Primary Bearish Trend for BTC ContinuesAfter the market tried to rally and stalled into 50% resistance ($6,764), the pattern painted a bullish correction in an overall bearish market picture.
The price touched the 50% retracement level last week and found selling interest. As price moved higher the ADX, which measures trend momentum, slipped lower. A weakening trend as price rises is a divergence to say price should stall out. So far this is happening and selling interest should continue this week. The resistance zone of the 50%, the 61.8%, and the red trend line price levels should hold any rally attempts.
Look for the primary bearish trend to persist.
Weekly S/R
Critical Resistance: $6,921.40
Key Resistance: $6,764.60
Key Support: $6,596.61
Critical Support: $6,100.00
Bearish chart still holding true for $BTC$BTC = Bullish correction in an overall bearish market.
The ADX, which measures trend momentum is losing power.. so definitely not enough oomph to push above the resistance zone.
Thoughts?
