UNISWAPIt is likely that the price will rise to the yellow range of 5.64, take orders and decrease to the lower range.
But if the price is higher than 6.15, it can take an upward trend. This possibility is not so strong for me!
Channeltrend
$PSX Long - bounce off bottom bullish channel and 200 MAGood risk reward, risking $2 to make $3, ideally exit before earnings
MATIC channel - more likely to go downBINANCE:MATICUSDT As you can see, we are currently following this channel and we are at the top of the channel and the trend is slowly going down.
There is a good chance that we reach the bottom of the channel again anytime soom.
Or maybe not ;)
Please handle buying positions with cautionAccording to a recent agreement between Turkey and Finland and Sweden joining NATO and the downtrend channel of the daily ounce of gold, as well as the overlap of resistance, the sale deal seemed to make more sense than the buy deal. The ounce is currently 1820 $, and my goal in this deal is to sell an ounce, which is technically on the floor of the daily downtrend channel and the Price Action area from 1770 to 1745.
BOTTOM IS CLOSE ON BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY .
This is my third video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
I forgot to mention that 300 weekly ma is also at the bottom of my monthly channel and also i forgot to mention that i am still in my short position from the top of the range at 32400k.
What do you think about my second third video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
Historical Tops & Where They Could Lead UsWith the world economies weakening, interest rates rising, equities tumbling, and inflation running rampant; I have been forced to generate a few panic support levels for BTC.
The chart above illustrates a ratio analysis study of the major corrections from the 2013 and 2017 Bitcoin highs.
By extending the ratio's of the former corrections we are able to generate two major support zones.
Panic Zone 1: 20k-23k
Panic Zone 2: 9.5k-12.5k
While target zone 2 seems quite deep at the moment, target zone 1 is also supported by my 2019 channel analysis here:
Target zone 2 could become relevant because in addition to the world's worsening economic situation, many argue that Bitcoin's rate of growth is based upon a curve rather than a linear path.
If this theory holds and equities continue to tumble, then I would not rule out a sub-10k wick in the future.
Though less relevant, I also conducted a simple time study above in hopes that if crypto goes into a major correction, it could be over by the end of June.
Bitcoin Price Analysis 💰(Channel, Elliott wave, Fibonachi, ...)BINANCE:BTCUSDT
Hello everyone 💙
In this post, I want to update my opinion about Bitcoin and Cryptocurrencies.
Bitcoin has fallen more than 68% from its November high.
I use a combination of the LongTerm and MidTerm Parallel channels, Elliot wave theory and Fibonacci levels to predict the bitcoin price. then find PRZ(high potential zone) by intersection between target levels and find suitable zone for buying bitcoin.
🔹 Parallel Channel:
bitcoin is in a downtrend channel from $69k
My priority to change the trend is breaking the downTrend channel and the weekly RSI trend line.
In longTerm bitcoin is inside a channel(Gray-Dotted) and the bottom side of this channel is a suitable level for buying bitcoin.
Intersection between fibonachi levels, bottom side of channels and S/R is a very good spot for enter into a long postion.
🔹 Elliot wave and Fibonachi:
I see this bitcoin move as the last wave of correction.
The end of wave (c) of the last corrective move can be at levels 100% and 161.8% of the Fibonacci extension.
Intersection between 50% of fibonachi retracement and 161.8% of fibonachi extention is at $14k - $14.8k.
🔹 Also some important things about the Bitcoin chart:
RSI is at the all time low value. (weekly time frame)
Bitcoin finally hit the MA(200) . (weekly time frame)
USDT.D is around the top side of longTerm channel.
I see positive divergence in bitcoin and negative divergence in USDT.D
The overall market capitalization of crypto assets has dropped to less than $1 trillion from its November 2021 peak of $3 trillion.
🔹 Fundamental tips for bitcoin and cryptocurency market:
I have consulted my friends who are fundamentalists and I will tell you their advices.
For more confirmation to buying bitcoin we should estimate the US interest rate ceiling. so we have to follow news and FED meetings.
Lower oil prices reduce inflation and i think whenever oil prices falls below $100 is a good time to buy bitcoin.
🔹 My main levels to enter into BTC HOLD position:
The bottom side of longTerm channel(gray-dotted). follow the price and whenever see the trigger open your position. about $17k - $19k
$20k - $23k (The price is exactly at this point now.)
$14k - $14.8k
Also i'm ready for lower prices and any horrible crypto crash!
💙 Sarmayeh Abi 💙
SPX MONTHLY CHANNELspx been in this uptrend channel 67 years, with just 1 capitulation, with current macro conditions i only see another capitulation happening . my og target for spx in this bear market will be 2300s, but worst case scenarios given in the chart. Thank you!
[H4 Signal] ETHUSDT - Consolidation Technical ReversalBINANCE:ETHUSDT
Timeframe: H4
Direction: Long
Technical Confluences for Trade:
- Price action at Multi-Year Horizontal Support Trendline
- Stochastic Oversold momentum
- Widening of the EMAs
- Fib Channel shows Price action at 0.786 Channel level
Suggested Trade:
Entry @ Area of Interest 1400 - 1500
SL: 1371
TP1: 1680 (move SL to Entry level once TP1 is achieved)
TP2: 2000
RR: Approx. 5.69 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
SOL short term rallyI'm monitoring this channel for BINANCE:SOLUSDT right now. I had been moving in this channel and I am seeing signs of short term upside.
RSI has bounced off this level several times in the last 2 weeks. Not to say we cant go lower. Remember, this is still a bear market.But bounces are still likely. I have taken a long and will wait. Stop loss set as well so whatever happens, happens
SPY with Ascending Channel on Multiple TimeframesPattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
MrALtrades00
*Lines were used on some of the timeframes to easily identify trend line touches.
*This is not financial advice.
Up or Down ? The price is in the cage of channel and mini downtrend line, looking for the entry confirm by correction or retest after breakout.
EURGBP SHORT!Expect a harsh bounce and push to the downside.
The price could respect this channel and reverse its way
VTR - Bull Continuation PatternAn idea for VTR showing two very comparable price areas
Price dips to bottom of channel and sharply recovers to the middle trend line just to move up higher again
This is the Weekly timeframe
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis.
How to approach?
The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EURUSD I It is heading uphill Welcome back! Here's an analysis of this pair!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Will this be the end?NYSE:BABA
Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume was just a tiny bit under average. Maybe this is the beginning of something enormous.
Please watch my related article about channels, at the related idea section. To learn more about this intriguing chart pattern.
Curious about your point of view.
Let me know!
This is no financial advice
New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
EURCAD Intraday BUY Opportunity Hello Traders!
We are monitoring EURCAD for an Intraday BUY opportunity. We currently have a bullish channel on the 4 hr, price respecting strong support, and sitting above 50 MA.
If it breaks 4 hr. support, the trade will no longer be valid.
What are your thoughts on this opportunity? We'd love to hear it in the comments.
Trade safe!
Brian & Kenya, BK Forex Academy
GBPNZD Intraday Opportunity - Long! Hello Traders,
GBPNZD has rolled back to strong support and we expect a bounce from the area for a nice scalp/intraday opportunity. If 4 hr. support breaks, the trade is no longer valid.
What are you thoughts on this pair?
Be sure to follow the rules of your strategy for entry!
Trade safe,
Brian & Kenya, BK Forex Academy
7% Channel Swings!BTC has been trading in a tight channel for over a week. I enjoy these ranges because it's easy to swing trade. Set your supports and resistance levels join a trade with a tight stop and if you're able to, set your take profits. If you're confident in your trade you will let the charts do the work and you will either get stopped out or secure profits.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
A Channel pattern - EducationalA channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk.
A channel consists of two parallel lines, between which the price moves.
Drawing a channel:
Ascending channel
- During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs parallel to the basic up trendline, these lines now form a channel. If the 2nd peak reaches the upper line of the channel a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted.
Descending channel
- During a downtrend draw the basic down trendline along the highs. Then draw a line from the first bottom which runs parallel to the basic down trendline, these lines now form a channel. If the 2nd bottom reaches the bottom trendline a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted.
Horizontal channels are like rectangles, they are called trading ranges.
How to profit from this pattern?
Short term (uptrend)
A long position could be opened when the price is at or near the basic up trendline. One could even open a short position when the price is at the top of the channel, but beware! Going against the trend can have negative consequences.
Short term (downtrend)
A short position could be opened when the price is at or near the basic down trendline. A long position can even be opened when the price is at the bottom of the channel, but beware! Trading against the trend can have negative consequences.
Try to take profits the moment the price, comes close to the trendline on the other side, you could thus switch your position from Long to short and visa versa.
Remember, the higher the timeframe you use the more reliable the trendlines become, also a trendline is more reliable if the trendline has been tested often.
Trading the channel breakout
The failure to reach a channel line is often an early warning that the channel line on the other side will be broken. Once a channel is broken a move of around the width of the channel can be excepted. So a larger channel usually have bigger profit potential. You can use certain technical indicators with a channel, for example 'volume', pay attention to whether the volume increases the moment the price breaks out of the channel, if this is not the case it means that the channel is probably still intact.
Profit targets and a Stop-loss
As I already mentioned the intention is to take profit the moment the price is on the other side of the channel. Imagine this: There is an ascending channel, the price is moving around the basic up trendline (base line), then you can enter a long position. Then the price is moving towards the upper trendline of the channel and you can take your profit. If you like you can take a short position here, but beware! Trading against the trend can be dangerous.
But where is your stop-loss?
I already said it many times: always place a stop-loss before you forget it and before you start doing other things! In the preceding example you place this stop-loss just below the base line at the long position, keep a little space between the base line and your stop-loss! It could happen that the price breaks through the channel lines on an intra-day basis, but only when the price closes outside the channel line this could be a sign of a breakout. For the short position from the above example, place your stop-loss just above the upper trendline, with some distance in between.
Here are more examples:
I wish you all the best!
This is no financial advice.
BITSTAMP:BTCUSD
W-shape recovery - horizontal channel scenariosOh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.-
If the W does not form on thursday morning, we'll see anew low in a downwards channel (idea linked)
