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Bullishorbearish

Will the Price Bounce or Break?1H Timeframe Analysis Current Price: 0.67940 Bearish Outlook: 1. 1W Chart: Bearish Engulfing (Reversal) 2. 1D Chart: Shooting Star (Reversal) 3. 4H Chart: Rising Wedge (Reversal) 4. 1H Chart: Pennant (Continuation) The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support. Bullish Target: 0.68350 Bearish Targets: 0.67755 0.67444 0.67139 Good luck, traders!
Short
by SpicyPips
Fake it for a sell trick or breakoutThis is very interesting.. the big wick is a fakeout. Please be extremely careful and use caution. The breakout has to happen over 12665 area and make comeback during the recession& inflation.. if the breakout didn’t happen then we will seek the break of the trendline and breakdown to collapse new low create. Let’s see how it plays and hope for breakout even tho Biden had been tested positive for B.A.5 omnicron variant .. this will effect the economy slowdown.
FX:NAS100
by JoyBoyVegae
Price Targets for SPYThere are those that are currently bullish on SPY whilst others are bearish... So I used Implied Volatility(IV) to obtain price targets, regardless of SPY's direction before you read... If you want to know the exact calculations behind using Implied Volatility to obtain price targets then check out one of my educational posts in which I explain how to do so. But incase you are unaware, Implied Volatility can help you obtain a price range in which the underlying asset has a 68% chance of staying within... EXPLANATION The IV I used was from a 397 July 25 Call in which was 15.89% 1 Day Movement Once I de-annualized the figure I obtained a one-day price movement of 0.9%. Thus I displayed the range in which SPY has a 68% chance of staying within, which is between 401.49 and 393.60 End of Month Movement Upon de-annualizing the IV I multiplied it by the square root of 7(There are 7 business days left in the month) and obtained 2.6%. Meaning, there is a 68% chance of SPY's price staying between 407.99 and 387.10 by the end of the month. Why Use IV? The numbers obtained allows us to use probability to gauge where an underlying asset may stay whilst avoiding outlandish price targets crated by our emotional hopes.
AMEX:SPY
by ddcakez
BTC: STILL CONSOLIDATING!! BREAKOUT OR DUMP?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is still consolidating inside the symmetrical triangle in 4hr time frame. It is also forming a rising wedge-like structure here. Here are two scenarios for BTC: Scenario1 (Bullish case):- BTC will pump continuously from here and breaks out the triangle. If it breaks out from the triangle (break above the $23k level) then we see a bullish rally up to the $27k-$28k level. Scenario2 (Bearish case):- BTC pumps a bit from here. It might test the $22k-$23k resistance level and again be rejected from the resistance level. If it breaks down the rising wedge again then we might see a dump towards $19k again. So basically we have to wait for a clear breakout or rejection for further confirmation. Let's see how this goes. What do you think? Do you think this time BTC breaks the resistance level and is ready to go $28k or do you think that we again see the $19k level? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
1
BTC: $35K OR $26K? WHAT'S NEXT?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern (Inverse H&S) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time. Now let's get to the chart. BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above $31.5k) from this wedge then our target is $35k or if BTC breaks down (Break and close below $29.5k) from this wedge then our target should be $26k Let's wait for the breakout or breakdown then we will decide our next move. What do you think about this? Do you think we go to $35k from here or $26k? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
2
BTC: SHORT TERM PLAN! BULLISH OR BEARISH?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is still in a confusing situation where I'm trying to explain whether it pumps from here or dump. Let's get to the chart. Bullish Scenario:- According to the chart, BTC is forming an inverse head&shoulder pattern in 2hr time frame where the breakout of this pattern is still pending. If we get the breakout of the neckline then my target is $35.5k Bearish Scenario:- At the same time, BTC is also forming a symmetrical triangle pattern if we breakdown below the lower trendline of the triangle then we might see more dump in BTC, and then my target for BTC is $25k So what should we do now? We should wait for the breakout or breakdown. If we get a breakout from the Inverse H&S pattern then we took some long positions or if we get the breakdown from a symmetrical triangle then we took some short positions. As simple as that. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
6
WGBA-- BTC Short-Medium Term CrashWe Gon Be Alright - While BTC has crashed -$10,000 in one daily candle, we still have a very strong macro uptrend that is still currently holding. However, if that trend is broken on a daily close then we could actually see that $10,000 BTC every bear has been praying for. Personally I see the slow move toward the macro trend, then a bounce back up to eventually test $57,000-$60,000. In the more bullish scenario, I believe this will be the big correction to ultimately take us (quickly, after some accumulation) up to $70K-$80K. Then 1 or 2 more big corrections like this one, until finally topping out a little above $100k. The bearish scenario would take us below the trend and then SLOWLY swinging sideways down towards $10k. The second scenario does seem much less likely from a macro-investment standpoint. Either way, I do believe this may prove the lengthened cycle theory.
B
by DoozerInvest
BTCUSD IS IN VERY DANGEROUS AREABtcusd is in very important area. If Btc will break up and do re-test to red resistance with big volume , We can see 47.000. This is good scenario. There is flag formation; Also ıf Btc will reject to red resistance, We are entering supper bearish season. For Now? Now I Usdt since 36.000-37.000. And I am waiting result; Up Re-Test or Reject Resistance? Wait and see.. Thanks for your attention. You can ask everything, I am waiting. Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates.
B
by abdullahclz46
Doesn't want to upload(sorry)but posting anyways! TRX possible ☕Hello traders and investors! 😃👋 This idea was not loading correctly last time I posted, but I would like to put it out there anyways I hope you understand. Here we have TRX(TRON) on a 6 hour chart, drawing is just for fun, but I am actually monitoring TRX to see if this can play out 👀🧐🔍📌🥳 This is a long-term investment idea📆📅 I have mixed feelings about TRX but it has shown great strength in the past🕡🕝🌞🌚💪 TRX is involved in many Dapps/high risk gambling games/is a very successful blockchain..🕹🏀🎮♣♠♟🎲 TRX is very volatile and this would be a RISKY trade, but could be potentially very profitable.⏬⏫🐂🐮🐻💲 The fact that BTC has been getting a lot of fundamental hype today and has gained support(knock on wood,) at ~50,000 and again at ~53,000 makes me believe that TRX could continue to pump, and possibly complete a "'Cup and handle"' formation.💹🙂☕ Let's wait and see, and possibly analyze again in the near future!! 🛑🛑🛑THIS IS NOT FINANCIAL ADVICE🛑🛑🛑 Always keep a stop loss🤚🛑💲, keep a close eye 👀 on BTC for sudden bearish movement that would be very dangerous⚠⚠⚠ and trade at your own risk!!!! Thank you so much!!!😁💹🤪 Would love to know what YOU think about TRX/TRON Any thoughts 🤔💭, questions🙋‍♀️🙋‍♂️❓, good👍, bad👎, happy😃, sad😥, always welcome in the comments below⏬! Jazerbay 🤍
by jazerbay
39
Does the Bitcoin Pi Cycle Top mean anything close to 2017?The world witnessed December 17, 2017, in which Bitcoin's price briefly reached its all time high over $19K. And shortly in less than a week time, on December 22, 2017, it swiftly fell around $11K, a record fall of over 45% from its peak. The interesting thing is: the Pi Cycle Top flashed right about on the ATH in 2017 cycle. The same has reoccurred the second time in the history of Bitcoin reign. What does it mean this time? There's a already over 20% loss just in 5 days? Is this real that the cycle has already begun to force repeat 2017 amid increasing adoption of Bitcoin and overwhelming enthusiasm globally? How do you evaluate the scenario?
COINBASE:BTCUSDLong
by BITSOFF
2
The LINK Move We All Been Waiting For!My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! --------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: After LINK took a heavy dump, it is now primed to make strong positive price action. The 9EMA and the 20EMA are looking to have positive crossovers. Therefore, a good entry would be around $12.32 to $12.56, which is where we could see the 4 wave dip.
Long
by AB_Trading-Intelligence
TESLA: How Promising Is the Possible Bullish Breakout?NASDAQ:TSLA TESLA so far has proven everyone wrong. Hopefully the new earning report and announcements will attract new/existing traders and investors to overpower the market again. As far as technical analysis goes, I think we will need to see a few more bullish candlesticks to call it a proper breakout. In terms of momentum build up and a proper squeeze in the 'Bollinger Bands' before the breakout the view so far is pessimistic. New push in the volume and price action is a must to convert it into a breakout. Bollinger Bands & Stochastic RSI indicators are used to study the pattern of momentum in the market. Different types of momentum are also depicted to speculate the duration and size of the possible bullish breakout. The hourly time frame is adopted to keep consistency with the previous idea I posted (linked). Please let me know your opinion. I will greatly appreciate it.
NASDAQ:TSLA
by Trading-Economist