Gap Leading to Channel BreakWith the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA.
We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD preparing to cross its over sold.
If todays close is above yesterdays we will also see the candle pattern Three White Soliders. Though this pattern tends to warn that the majority of the bullish move is over and waiting for a throwback might be wise.
Channeltrend
Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound.
The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence.
It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
EURCAD Headed Upward 50+ pips IntradayWelcome back! Here's an analysis of this pair!
**EURCAD - 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
BTC: POSSIBLE SCENARIOS! 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 consolidating in the same range from the last 48 hours. Looks like someone tap the pause button for bitcoin.
According the chart, BTC is trading inside a channel and as long as it holds inside the channel we can expect a bounce. Breaks out of yellow line will give us the confirmation.
If any candle close below the channel then we see a dump again and I'm ready to short the market again.
So as of now we have to wait for the confirmation of bullish or bearish scenario. I'll keep you guys updated here.
If you like this idea then do support tit with like and follow.
Also, share your views in the comment section.
Thank You!
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 - $14.8k
Also i'm ready for lower prices and any horrible crypto crash!
💙 Sarmayeh Abi 💙
[H4 Signal] ETHUSDT - Consolidation Technical ReversalBINANCE:ETHUSDT
Timeframe: H4
Direction: Long
Technical Confluences for Trade:
- Price action at Multi-Year Horizontal Support Trendline
- Stochastic Oversold momentum
- Widening of the EMAs
- Fib Channel shows Price action at 0.786 Channel level
Suggested Trade:
Entry @ Area of Interest 1400 - 1500
SL: 1371
TP1: 1680 (move SL to Entry level once TP1 is achieved)
TP2: 2000
RR: Approx. 5.69 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
SOL short term rallyI'm monitoring this channel for BINANCE:SOLUSDT right now. I had been moving in this channel and I am seeing signs of short term upside.
RSI has bounced off this level several times in the last 2 weeks. Not to say we cant go lower. Remember, this is still a bear market.But bounces are still likely. I have taken a long and will wait. Stop loss set as well so whatever happens, happens
SPY with Ascending Channel on Multiple TimeframesPattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
MrALtrades00
*Lines were used on some of the timeframes to easily identify trend line touches.
*This is not financial advice.
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ 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