BTT Channel with Upper and Lower limitsThis is a projection channel created upon a bounding box. For the creation of the chart, there were also used "moving averages" that cover the center, upper and lower boundaries of potential movement. Even if this not an attempt to forecast a trend, it allows to have an easy to read view of probable limits. This is my first published graph for personal usage, just sharing it for learning purposes.
Channeltrend
LTC short most likely scenarioIt is very rare for any pair on financial markets for sharp movement to not carry on the same direction.
... this short consolidation should take a little and pair should exit channel the same direction it entered it which is down...
I tried to illustrate most possible outcome
This chart is sharing similarities with BTC XRM ETH to name few.
Would you dare to short sell BTC ?...if yes this is very nice sell set up
BTC have very bad time going above the upper the upper support of the channel.
Daily is below the 200 Ema and so does the 4H.
40K is defended very nicely
I market prices on the chart of the first wave the second one seems to be a channel
I would aim for 20k 16k the demand zone.
it is probable but there is a still chance that BTC will hit that Ema on Daily before going further down
BTC Swingtrade PART III on the way to new ATH ?Hy traders!
Happy start of the weekend!
If you're new in the game, check out my previous analysis .. BTC Swingtade bulls defend 50k and BTC Swingtrade Part II bulls attack !!
Just a correction or on the way to new ATH!
As we can see, the channel in the bearish rising wedge works perfectly and we reached our target to the point.
For a new long entry we waiting for a HH in LTF ore for a 0,5 - 0.618 fib retracemant ( 61100 area )
My SL is below the 0.786 retracemant at 60600 usd.
Trade carefully and have stop loss for sure .
Past performance is not indicative of future results .
if you have any question feel free and comment !
Support me with likes and follow .
Dyor and trade save !
previous Ta
NEXT 7 to 10 DAYS FOR ETHEREUM...Overall, accumulate ETH on the red trend line for core position/bag. Ideally when ETHBTC pairing is under 0.033.
Take profits from leveraged trading positions of ETH in green box
at the top of the ascending white channel.
Expect it to be choppy in the green box in 7-10 days.
I'm overall bullish on ETH, but especially bullish after the recent inverted head-and-shoulders. Very cool.
I realize that ETH follows BTC sentiment, but trading ETH is so much more fun! (volatile).
Happy trading, living, and loving!
Hit the like button,
and feel free to comment!
- Cryptmando
March 10, 2021
02/26 QQQ / TQQQ Bounce -RSI don't lieYou can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
More downside for long term durations It appears that there is at least 15% more downside to EDV before a possible trend reversal. I have two separate channels made up. If support fails EDV may find it self within the lower channel. The long term economic picture still seems to be uncertain. With more clarity coming with time. A bounce or failure at the long term support could very well happen within the next 2-6 weeks.
AAPL return to 137 resistanceAAPL reported strong earnings in late January, but fell precipitously after. Earlier this month, it broke out of an upward channel, but bounced back off a support at 127. Given no fundamental cause for the drop, and a failure to break past the 127 support, a return back to the 137 resistance is distinctly possible. Should AAPL break past the 127 support on the downside, however, it is likely to continue down to around 120 (which would be a great entry or averaging down point).
AMD channel breakoutAMD has been trading in a downward channel since the beginning of this year, with a small break above the channel earlier this month. It is currently trading at a support line that has been tested several times since mid-December 2020, at the top of the current channel. Looking toward the next week or two, AMD could continue the channel pattern down into the low 80's or it could break back out of the channel and move higher back into the mid to high-90's. Strong earnings and growth reported earlier this month suggest the latter to be the more likely outcome. Key support and resistances have been marked by the dotted horizontal lines on the chart.
GBPUSD analysis in 4H timeframeAccording to three important factors The Fibonacci ratio, the falling of the channel roof and the recent positive US economic news in the GBPUSD chart are waiting for the correction trend to continue towards 1.3680 to 1.3635.
The price can reach the top again after touching these numbers and the price is 1.3880.
The stop loss of this position can be 1.3560.
good luck
PLTR to $60 End Of MarchPalantir is continuing it's climb to $60, with massive catalysts and interest in this stock, i can see it getting close to this price by the end of March or sooner.
PSNL Long off Channel Support PSNL with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line.
Enter trade around $40 looking for a move back back up.
Analysts: Predict $44
Warning: Run a tight stop-loss insider sale @ $38.67 Feb 3rd.
Extra info: management team will present at the BTIG Virtual MedTech, Digital Health, Life Science and Diagnostic Tools Conference on Thursday, February 18, 2021 at 12:00 p.m. Eastern Time.
USD/JPY broke 200 EMA on the 1D timeframe!USD is strong recently and It's clear on the 1D time frame () that price action has broke the 200 EMA and going bullish. You can wait for confirmation for retest on the moving average before taking the trade.
Using Fibonacci I see that it's good to go long at 50% level where there's a support forming. Take profits are divided into two steps, one that is at 161.8 level and the other one the riskier is positioned at the edge of the channel that price action has formed over the last months.
This my bias on the market. Trade wisely!