Get started

Bulltrend

XTZ - The bulls are strong, but keep your eyes open!As a request, I’ll analyze Tezos today. It did an impressive bullish move, and now is near a resistance zone. It is pivoting continually, and the bulls doesn’t seem to be weakening at all. At the hourly chart it did a H&S pattern, which would give a very nice trade, as you can check here: If I was in the trade, I would be very aware of the “resistance zone” and get out if the trend change. It could be a bear pivot, a bearish chart pattern or even the loss of a previous support, as indicated by the red lines in the daily and hourly charts. Suit yourself here and do whatever gives you more psychological comfort. Since I’m out, I must wait for a pullback, and the “resistance zone” is the ideal place for that to happen. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
KRAKEN:XTZUSD
by Nathan_The_Finance_Hydra
2
Looking for the low in the 3300 area to long S&P 500Using ES Futures, I am looking at the 3300 level for the long . The Day Bar Chart has text too . The Directional Trend Index has reverted to the middle and is now turning up. Price is above the moving averages and not extremely deviated from them. Monday offers a great opportunity to enter the bull trend. I'm hoping to see a low in the early part of the day with the support level holding, and there is always the chance the price is not offered and a new plan must be made. I will update this as it develops!
FX:SPX500Long
by HammondB3
1
Will S&P catch the Corona Virus to 3075? Or is it S&P to 3550+ My Position: Last TA I published on the S&P we had just announced a phase 1 trade deal had been reached with China. It was great timing as we need a push to get us out of the bottom sub channel we have been stuck in as we were reaching that resistance again for a 3rd time over the last year. I entered the market using slightly out of the money call options for a few months out on SPXL which is a bull S&P 3x return ETF. Before the Corona Virus, I was up 150% in a little over a month. Leading up to now: As many times as its played with breaking up out of the bottom sub-channel, its played with breaking down more. The bottom of channel is also the 10 year bull trend line, we have danced with it several times and late 2018 we had a massive break losing almost 10% value and well below the 10 year bull trendline. We recovered fairly quickly luckily and then we were bolstered with 3 rate cuts and $60Billion in QE-Lite per month still ongoing now. Dangers: Hand in hand with the Coronavirus outbreak, Fed Chief Powell signaled the feds would be looking to curb /end the QE-Lite that is not being called QE. To be fair the feds had reduced their balance sheets and incresed rates through out 2018 after a 3 years of letting things ride after 7 years of constant stimulus to the economy. Here is a great chart that shows a wealth of data in a single chart, from Reuters > USA-FED-PORTFOLIO Most likely this is profit taking after running straight up since mid October 2019 but at the same time investors should be leery of the feds turning off the tap that got this thing fired off to begin with. So as you can imagine given a recent and unquantified virus break out, an ongoing US impeachment that continues to get more complicated, a presidential election later this year, increased trade rhetoric with the European nations and a growing pool of countries resorting to negative interest rates, it is virtually impossible to know where the market will go and when it will correct. I will try to make a few points about the potential price action. ------------------- More probable possibilities: -We are positioned in a good place for S&P @ 3218 or so to hold support and retain grip on the middle channel. The reality is the phase 1 trade deal will act as a stimulus with tons of money flow this year that wasn't there last year, a relief of its own. If this support holds, the next obstacle will be S&P around 3550 around mid-march 2020, value dependent on when we reach top of sub-channel resistance. At this point we should already be starting to see some trade war relief continue the momentum pushing through resistance with slight delay and then seeing top of overall channel for the first time since December 2014. If we continue the general trend we would likely see the S&P at around 3950 by July/August. It would be a major feat to see the price action break up out of this 10/11 year channel. 3950 seems like a good exit for a long position and potentially an entry for a short position. -We could break back down into the bottom channel which if we dive to bottom of that channel has us seeing the S&P500 @ 3075 by early April. With trade rhetoric improving, only the threat of feds dropping their QE-Lite and the CoronaVirus have any ability to knock the market back into the bottom channel. This seems possible but improbable. -We could see the run lose steam as we reach the resistance of the top of middle channel and do similar as we did in 2018. How far we break above the top of the middle channel compared to 2018 as to whether the trend is improving. There is a chance we stay range bound here in the middle channel between 3250 & 3500 (currently) for most of the year, of course rising over time as outlined in the chart. -------------------------- Notes: *If you are a low risk appetite investor, consider putting your money into something more stable with a lower return until after election 2020. The market is volatile and unpredictable. My method of investing in options on 3x bull ETF's is some of the highest risk possible. If you make high risk investments, you should do so with a smaller portion of your overall wealth and pull some percent of profits out towards long holdings. If you trade crypto, please check out our market depth site @ vcdepth.io with various depth of market filters available and recently integrated TradingView charts its great for scalping and swing trading. No one else captures open-interest like we do. This is not investment advice, it is merely observations I have made during my trading analysis and I am sharing. Do your own research
SP:SPXLong
by EncryptShawn
1
NEOBTC Bull Flag Formation | Strong Trend | key Level Holding Hello Traders! Update on NEOBTC, which has proven me wrong from previous analysis (see chart linked), NEO has successfully broken bullish from its apex and is consolidating above the .618 Fibonacci Level. Points to consider, - Strong Bull Trend - Key resistance broken, S/R Flip - Price consolidating on support - Volume Declining - RSI respecting support - Bull Flag formation NEO has established a very strong uptrend since 26th October 2019, breaking key resistant levels, price is now consolidating on the .618 Fibonacci level, which was a previous staunched resistance. Volume is clearly declining upon consolidation, signalling that a move will be imminent; we have a bull flag formation which puts emphasis on the probability of a continued bullish bias from current level. The RSI has been respecting support, which is healthy in this trend, showing that buyers are in control at current given time. The stochastics is currently projected downwards slightly, but as we can see, it can stay in upper regions for an extended period of time (Blue highlighted area). The VPVR is quite interesting, the volume of transactions increases as it gets closer to the blue trend line, which is a good area to take profits due to technical confluences. Overall, in my opinion, NEO has a high probability of break bullish from this flag as we are in a strong uptrend. Volume is declining, which is what we need to see in a flag formation, we are also holding and respecting a key support, that is the .618 Fibonacci level. What are your thoughts? Please leave a like and comment, And remember, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Long
by AzizKhanZamani
DJIA: No Divergence Yet; Expect TL test and higher doubletop ATHWe have breakout of the consolidation pattern and bullish RSI. Look back (scroll left) to see the double top Sep 20 - Oct 03 2018; note RSI diverged with lower reading on ATH 3 Oct even as price made higher high. We knew then it would sell. We don't have that yet a year later; we have an ATH; but RSI still not maxed c/w prior highs, I do expect a pullback to retest TL from this price zone before moving higher to a double top higher ATH, this could happen next week, or price could linger here even longer. After the TL test a melt-up blowoff to new ATH should show us the RSI divergence as prices washout. Only then would shorting be good R/R. Dow Theory: The Trend Continues until a Clear Reversal occurs; Didn't get there yet! www.investopedia.com That said, I am short at this price to capture a bull market pullback TL retest, a very characteristic price move after a breakout rally. Do NOT expect a big selloff, the sentiment is strongly bullish and should remain so into the New Year. Any pullback should get a strong bounce from 26800-26950 zone. Selling will likely only last for a few days, perhaps only two or three sessions before bulls pile back in on FOMO. Trend is Bull, and Countertrend moves rarely last more than 9 sessions, typically 5-6 at most. The subsequent melt-up rally will be a stunning parabola like the one we saw in Jan 2018 IMO. Could drive VIX under 10 again. Will be watching for that signal!
DJ:DJILong
by DaddySawbucks
ETHBTC Testing Critical Resistance Level!Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local resistance - Support found at .50 Fibonacci - Stochastics in upper region - RSI testing its resistance - EMA’s supporting price - Volume increasing - VPVR showing a decrease in volume of transactions ETH is looking very bullish as it respects its trend line, confirmed by three touches; this trend line comes perfectly into local resistance. This local resistance is a very critical level as a break will continue this bullish bias; a rejection will negate market structure, putting in a potential triple top. After initial bull impulse, support was found at the .50 Fibonacci Level, being in confluence with the trend line, this area was very strong for bulls who were able to continue the trend. The Stochastics is currently trading in the upper region where it can stay for an extended period of time; there is no evidence of downside momentum at current given time. The RSI is currently testing it resistance, coming closer into its apex, a move will be imminent very shortly. EMA’s are holding price support as it comes into local resistance; overall support is very strong for the bulls as the EMA’s are in confluence with the trend line. Volume itself is showing an increase, this needs to continue upon the break of local resistance to avoid the chances of a fake out. The VPVR visibly shows a decrease in volume of transactions between the two segments of local resistance and major structural resistance. This tells us that bulls will have a greater probability of reaching technical target due to the low level of resistance from the VPVR. Overall, IMO, a break from this critical level will be extremely bullish and will give us a trading opportunity. A break bearish from trend line will negate market structure and a retrace back to the .50 Fibonacci will be more probable… What are your thoughts on ETHBTC? Please leave a like and comment, And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
Why there is 90% chance for Bitcoin to break up from triangle!At the end of July, we predicted what will be happening with BTC in the upcoming months and we were right! Yesterday we even had price manipulation on Kraken. (check RELATED IDEA "catch me if you can") Now we are predicting the next wave coming! More strong arguments, detailed explanation and correlation with other indicators coming in the updates. Like the post or follow the author in order not to miss them. Stay tuned! It's around 90% chance we are just before the push we have been waiting for months.
BITSTAMP:BTCUSDLong
by Samoto
2
Will 2940 Break for the ES mimi?Hourly Momentum is suggesting that a break is ready to happen today. I will be looking for these indicators to turn south to prove me wrong; they are currently lined up well. Personally, the long was 2924, and at the time of the posting it is too late to enter. Here is some analysis on my twitter feed , and I am now updating it daily!!! twitter.com Find out more why I am biased long but cautious in the consolidation that has ensued; and see the 5d pivot is my line in the sand.
CME_MINI:ES1!Long
by HammondB3
1
$OSTK Bull trend resumes above Golden Cross for likely 3rd waveThe Bull Bear Trend oscillator back to bullish. As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $37,000,000.00 to cover the cost of TZero tokenized securities due to shareholders. Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
OLong
by blloyd
1
Very huge potential gain on Q3/Q4 2019.Looking Ripple chart, it shows XRP can have a very probable and huge potential bull trend in Q3/Q4 this year. Ripple has been experienced very hard timing on 2019 Q1/Q2 bull market, but at larger chart, we can see it has finished Elliot waves (falling wedge) and break out falling wedge with good volume, and now is at very huge support line. Also comparing previous fractal pattern, Ripple can gain at least 200% I believe soon. Good luck! Trade with your own risk and management rule. Thanks!
POLONIEX:XRPUSDLong
by SellHope
BITCOIN in a wedge up. Soon $1000 p/day?BITCOIN in a wedge up. Soon $1000 p .day? Bitcoin is following this wedge so nicely. If we break above the recent top we can see another nice parabolic pump. Maybe up to 17k This price can accumulate with $1000 pday again. All ALTS are bleeding now because of the BTC dominance. ALTS are getting chances soon but first Bitcoin needs to reach a higer price. If we fell out this wedge we can see a retest of te gap around 8500?!. Share your idea please! Please also dont forget to follow me and like this post if u agree. Goodluck my bulltraders. #BTC100k
BITMEX:BTCUSD.PLong
by Mikki0416
#XLM : Upto 75% Profits In The Mid Term.#Accumulatio_Recommendation Pair : #XLM / #BTC RSI : 39.65 TA Notes : - MACD : Still in bearish mode in the longer time frames but looking bullish for the 1H chart which will be a bullish indication. - RSI : Is in a good position showing a bullish behavior too at a neutral position for a leg upward move for the 1H chart. - EMA : Looking to go below the candle stick formed and seems to be going to be below the price in the short run for a bull indication in the short term. - Volume : Showing a very good volume spike by the past 2 hours which will be a good energy for the short term and for a reversal bull trend formation. - Candle Stick formation also looks very bullish and if the current candle could manage to close above the resistance line in RED it will be a confirmed reversal bull trend for the short term. #Accumulation_Zone : 750 sats - 765 sats Distribution_Zone: Target 1 : 792 sats Target 2 : 820 sats Target 3 : 843 sats Target 4 : 865 sats Target 5 : 898 sats+ STOPLOSS : Close below 745 sats Risk : High Capital Accumulation : 4% @TogetherWeAccumulate
Long
by cryptotalk_et
2
BTC; bull flag, but nearing end of first EW cycleBTC is currently drawing in a bull flag after an impulse leg up. If we break the bull flag to the upside targets beyond 10k$ are within reach. However we are also nearing the end of a full EW cycle which demands a retracement cycle to follow. I'm currently looking to long a breakout of the bull flag to see an extended 5th wave If we however break down I'll be looking to long the golden pocket zones on different timeframes (mainly the 15m, 1h and 4h) Expecting at least a bounce from these zones. maximum downside risk for the entire corrective wave structure falls on the golden pocket zone of the 1d at $5685 watching the break of the flag pattern, trend is your friend so our bias remains bullish and a break towards the upside.
BITMEX:BTCUSD.PLong
by Kroesmeister