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Short Term Play 4- XBTUSDIntro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Max lev recommended: 3x
Goodluck,
Doctor Hugo
$BTC low risk high reward*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Wassup fellas! In our previous $BTC post we said that Bitcoin needed to reject the $48000-$49000 zone for there to be a strong sell off. We are still expecting this scenario to play out, but if it doesn't and $BTC rallies again then our trade will be stopped out at $50000.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Technical analysis update: BTCUSD (8th December 2021)Bitcoin broke above 50 000 USD in tandem with our expectations of a bounce in price (which we expect to be short lived). Currently, BTCUSD trades around 50 500 USD price tag; simultaneously, it trades within the neutral zone depicted in the yellow background. At the moment, we continue to maintain a bearish stance on Bitcoin. We expect an eventual breakout below the neutral zone and resumption of downtrend. Breakout above the neutral zone would force us to reassess our bearish view.
Technical analysis - daily time frame
RSI's bearish structure remains intact. We will observe RSI closely in the following days and we will look for possible crossover below 30 points. We expect such an occurrence to be accompanied by heavy selling pressure; MACD is bearish too as it remains in the bearish area below 0 points. Only Stochastic points in a bullish direction. Additionally, DM+ and DM- show bearish conditions in the market. ADX continues to grow which suggests that the prevailing trend is strengthening (current bearish trend). Overall, the daily time frame is bearish.
Our expectations of crossover in RSI:
We need to closely watch RSI and whether it will manage to pierce 30 points to the downside. We expect such phenomenon to be very bearish for BTCUSD.
Technical analysis - weekly time frame
RSI, MACD and Stochastic are all bearish. Additionally, DM+ and DM- show bearish conditions in the market. ADX contains low value which suggests that the prevailing trend of higher degree (recent bull trend) is very weak. Overall, the weekly time frame is bearish. Indeed, it coincides with conditions present in the daily time frame.
Support and resistance
Short-term support sits at 48 834 USD and short-term resistance lies at 52 956 USD. Between these two price levels lies the neutral zone. Major support level is at 28 600 USD while major resistance level is at 69 000 USD.
Other support and resistance levels
Other resistance levels appear at 59 564 USD and at 64 895 USD. Other support levels can be found at 42 900 USD and at 37 573 USD.
Other form of immediate support/resistance level derived from simple line:
Our bold predictions from the past:
Here we correctly predicted the double top formation. We also highlighted low volumes suggesting evaporation of new buyers at elevated prices. Subsequently, BTCUSD dropped over 39%.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
LONG DOGE FROM SPRINGThe Wyckoff Accumulation schematic and DOGE/USD price look very similar. We'll know really fast if this idea is invalidated because the schematic suggests very quick appreciation in price after the spring. Price has been rangebound for months and if I've learned anything about long accumulation ranges on meme coins its that they break upwards.
Technical analysis update: BTCUSD (4th December 2021)Recently, we correctly predicted the double top formation in its early stage while noting that Bitcoin was near its cyclical peak. Additionally, yesterday we warned investors about the imminent retest of a key technical level around 53 000 USD. Then overnight BTCUSD fell over 20% to as low as 41 967 USD. Since then the price retraced back to 47 800 USD. We continue to maintain a bearish stance on Bitcoin as we expect selling pressure to be persistent. However, it would not surprise us to see price retracement continue a little higher (and possibly above 50 000 USD) before falling again. Technical and fundamental analysis supports our bearish view. Crucial technical levels to watch are 48 834 USD, 42 900 USD and 39 573 USD. In the following weeks we will observe whether BTCUSD will manage to break below 39 573 USD and indicate continuation of the bearish trend.
Our bold predictions from recent past:
We warned about double top formation already on 16th November 2021.
Technical analysis - daily time frame
RSI continues to develop bearish structure and it is due to perform crossover into the bearish zone. We expect such an occurrence to be accompanied by heavy selling pressure. MACD and Stochastic are also bearish. Additionally, DM+ and DM- are bearish too. ADX suggests that the bearish trend keeps strengthening. Overall, technical analysis on the daily time frame is very bearish and supports our bearish stance.
Technical analysis - weekly time frame
RSI, MACD and Stochastic are all bearish. DM+ and DM- show the same conditions as they performed bearish crossover recently. ADX remains low.
Support and resistance
Major resistance remains at 69 000 USD. Major support level is at 28 600 USD. Short-term resistance is at 48 834 USD, then Resistance 1 is at 52 956 USD. Resistance 2 is at 59 564 USD. Resistance 3 is then at 64 895 USD. Support 1 is at 42 900 USD and Support 2 is at 39 573 USD.
Our recent popular idea from 16th November 2021:
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
We have come to the end of Wyck Off , Going To 39 k it seems like there won't be like 100k this month ! :((
İf it comes to 42 k resistance and provides resistance, it may have a situation such as rising back. :)
$MANA..Where to next?!One of the great metaverse coins..
A break to either direction, great trade opportunity!
Technical analysis update: BTCUSD (26th November 2021)Today BTCUSD reached 55 000 USD in tandem with our expectations expressed in the previous 2 posts. Currently, it trades around 54 600 USD per coin. We continue to be bearish on Bitcoin as technical analysis continues to support this thesis. We think current weakness in the global markets will be persistent in the short-term. Additionally, we think that this weakness will be contagious to cryptocurrency markets and it will create headwinds for further rise in cryptocurrencies (in the short-term horizon). We think BTCUSD will continue lower and we expect it to test short-term support at 52 956 USD in the following days.
Our recent popular post from 16th November 2021:
Here we started to speculate about possible double top formation. We also expressed that volume was declining while price continued to climb higher. We noted that this pointed to evaporation of buyers at higher levels of prices. In our opinion, this foreshadowed subsequent drop in price (combined with other warning signs).
Technical analysis - daily time frame
RSI, MACD and Stochastic continue to evolve their bearish structure. DM+ and DM- show also bearish conditions. ADX exhibits growth which suggests that the bearish trend is strengthening. In general, a bearish time frame is extremely bearish.
Technical analysis - weekly time frame
Divergence in RSI is clearly observable. This is a very bearish development. MACD is in the bullish area, however, it is flattening (and reversing to the downside). Similarly, Stochastic also started to point into bearish direction. ADX is very low which suggests the bullish trend of higher degree has lost its steam already. Overall, the weekly time frame is bearish.
Divergence in RSI on weekly time frame:
Divergence in MACD on weekly time frame:
Technical note
Synchronization in the bearish conditions between daily and weekly time frames suggests mounting trouble ahead for BTCUSD. We think BTCUSD is headed way lower and it will drag the rest of cryptocurrencies with it. We think investors should be very cautious in the following weeks.
Fundamental note
Hawkish narrative by the FED, additionally, supports bearish views for the cryptocurrency market. We think that decrease in quantitative easing combined with increase in interest rates will be detrimental to cryptocurrencies as purchasing power of the dollar will be rising. Further, we think prevailing irrationallity in the cryptocurrency markets (especially among lay and retail traders) combined with calls for extremely high prices such as BTC at 200k USD, 500k USD, etc., only shows how inflated this market is (at the moment).
Support and resistance
Major resistance level sits at all time high of 69 000 USD. Below that is Resistance 2 which sits at 64 895 USD (previous top). Resistance 1 appears even lower at 59 603 USD. Short-term support is at 52 956 USD. Then below that is Support 1 at 48 834 USD and Support 2 at 39 573 USD. Major support level lies at 28 600 USD (2021 low).
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
UPDATED BUY SIGNALa repeat from lasf night showing an over sold situation............................
TLMUSDT: Triangle - Long 🔥 1st Target 0.59 !After building a correction move as shown in the last analisys, TLM formed a strong triangle pattern in H4 time frime. The 1st measured target in the chart will be at 0,59. The overall goal for TLM at 0,87 is fully on track - we are trading on a bullish trend as well as the game "Alien Worlds" itself provides new attrative features, which will push the price up further.
GENERAL INFORMATION: . TLM is currently used in the game "Alien Worlds", and since a few weeks, they offered more profitable missions for their space ships. TLM is needed to proceed those missions. Expect a further demand for TLM in the next days and weeks, since it is used on those missions for staking with really good percentage rates. A further upmove from here is expected. 0,87 is considered the last significant high, which can be tested on that trend. You can follow me if you like, and I will post a new chart tomorrow for further technical insights. Best regards
IMPORTANT NOTE: If you are on a short-term trading plan, please set your STOP LOSS BELOW the triangle pattern. Around 0,37 on H4 candle close is recommended. On the other hand, As a long-term TLM investor, you can just buy and hold until your target is reached (time frame: months).
FOLLOW ME here on Tradingview if you like, sinceI will post a new TLMUSDT chart soon regarding further technical insights.
Thanks and have a great day.
BitcoinHello and a warm welcome to this analysis on BTCUSDT
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000.
The view would be invalid if it prints a new high.
Short on rallies accordingly.
CRO CAN MAKE NEW CUP Hello my friends, today I want talk with you about
as you see guys market was bullish from 4 in this month until 24 SAME month
and then Price fell to this 0.63775935 and trying break it .So far MARKET testing support
In my opinion not have chance to break it
We will have good signal to but it after that pull back
As a target we can take next resistance 1 (0.80600122) and resistance 2 (1.0012646)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
BTC heading towards 62.000Hey everyone,
please see my latest idea on Bitcoin where I use the Elliot Wave theory.
In this case, we are seeing big supportive reaction on the daily trend line. I assume, that we are done here with our first bearish impulse, which would lead now to a 50-62% correction to the upside.
Have a great evening,
RT
Technical analysis update: BTCUSD (16th November 2021)BTCUSD continues to move sideways within rectangle formation as bullish trend is losing momentum and becoming neutral. Bitcoin currently trades around 60 900 USD pricetag; and we are currently bearish on BTC as technical analysis on daily time frame supports this thesis. We expect eventual breakout below the neutral zone. Additionally, we expect such occurence to be accompanied by further selling pressure and possible beginning of bearish trend. If bearish breakout occurs then we expect price to test 55 000 USD.
Volume decreases as BTC continues to move sideways - which suggests that new buyers are increrasingly harder to find.
Technical analysis - daily time frame
MACD, Stochastic and RSI are all bearish. ADX contains low value which suggests neutral trend. However, we expect bearish breakout from neutral zone and resumption of selling pressure.
Technical analysis - weekly time frame
RSI is just slightly below overbought zone and it manifests sideways movement. Inability to pierce through 70 points might suggests that bullish trend peaked already. However, MACD and Stochastic still remain bullish. ADX suggests very weak trend which coincides with daily time frame.
We would like to note it is possible that double top is forming in BTCUSD. Because of that we think investors should be very cautious.
Support and resistance
Major resistance sits at 69 000 USD. Resistance 1 lies at 64 895 USD while Support 1 lies at 59 603 USD. Support 2 sits at 52 956 USD and Support 3 appears at 42 900 USD. Then Support 4 sits at 39 573 USD. Major support level can be found at 28 600 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: BTCUSD (22nd November 2021)Last week we correctly predicted bearish breakout below the neutral zone. We also noted that we expected retest of 55 000 USD price level (BTCUSD stopped its decline at 55 640 USD). Since then price action continued to be choppy. We think it is possible for BTCUSD to retest 55 000 USD price level again in the following days. Technical analysis supports this view as technical indicators point to bearish conditions in the market.
We recently pointed out possible double top being formed:
Recent developments seem to confirm this development. However, we would be forced to change our stance if price retraced back into neutral zone depicted on the main chart.
We also pointed out (several times over past two months) decreasing volume in BTCUSD while price was climbing higher:
We noted that new buyers were increasingly harder to find. After that, drop in price followed.
Technical analysis - daily time frame
Daily time frame shows bearish developments. RSI is bearish and same applies to MACD and Stochastic. Indeed, MACD is performing bearish crossover which we expect to be accompanied by further selling pressure. However, ADX contains low value which suggests that current trend is either neutral or very weak (this coincides with ADX on weekly time frame). Because of that we expect price to move sideways for little longer before finally going lower.
Technical analysis - weekly time frame
RSI failed to perform bullish crossover and instead it reversed to downside. ADX continues to decline which suggests that bullish trend of higher degree has most likely peaked and trend is becoming neutral. MACD remains in bullish territory, however, it started to flatten little bit. Stochastic also remains in bullish area. Although, it already performed bearish crossover. In general, weekly time frame flashes warning signs for BTCUSD as it suggests previous bullish trend is becoming neutral.
RSI's failure to penetrate 70 points into bullish territory on weekly time frame:
Support and resistance
Major support level sits at 28 600 USD. Major resistance level lies at 69 000 USD. Support 1 appears at 52 956 USD. Support 2 lies at 48 834 USD. Support 3 is at 42 900 USD and then Support 4 is at 39 573 USD. Resistance 1 lies at 59 603 USD while Resistance 2 sits at 64 895 USD.
Psychologically important price levels
From psychological standpoint there are few other price levels that are important. These are respectively: 70 000 USD, 60 000 USD, 55 000 USD and 50 000 USD.
Our previous idea from 16th November 2021
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
POLCWETHLong POLC, nibbled at the bottom or the range. News coming out at the end of the month and in Dec
ADXBTC Daily Technical AnalysisADXBTC Daily Technical Analysis
Indicators are POSSITIVE ...1430 if can stay up this price so will watch next Resistance
Resistance Price: 0.00001430 - ...1502 - ...1590 - ...1688 - ...1796
Support Price: 0.00001115
see you at $10+see you at $10 around January by halving date.
Very confident in this one highly suggest watching it.
ADAUSDT TECHNICAL ANALYSIS 12112021What is Divergence?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There is positive and negative divergence. Positive divergence indicates a move higher in the price of the asset is possible. Negative divergence signals that a move lower in the asset is possible.
from investopedia
No investment advice...
$COIN Coinbase has hit ATH and in downtrendWatch Coinbase $COIN
Currently $COIN has bounced off the ATH Resistance and heading towards support @ $295
WATCH:
- IF Coinbase breaks downtrends below $325 SHORT until Nov 19th
- IF Coinbase bounces off $325 LONG until NOV 19th
Coinbase has also reported net loss earnings.
$MQ the future of finance*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
For the last couple of weeks my team has been analyzing digital finance company Marqeta $MQ. $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform.
On August 11, 2021 $MQ released its earnings for the second quarter ending June 30, 2021. In this earnings report $MQ showed a 76% percent jump in net revenue driven by customer growth. $MQ also reported a net revenue of $122 million. $MQ however responded to this earnings beat by downtrading for the next couple of weeks. Before this report was released we must acknowledge the fact that $MQ was trading in an uptrend prior to the actual report. Many traders believe that stocks up-trending days/weeks into earnings are more likely to experience profit-taking unless the report is extraordinarily good. $MQ has however been downtrading since October 27, 2021 after reaching a new all-time high of $37.82.
Earnings for the 3rd quarter ending September 30, 2021 will be announced on November 10, 2021 post-market. $MQ is projecting a net revenue of $114 - $119 million. My team believes that this is a rather conservative projection.
You never know how the market will respond to good news or bad news. My team will look for further buying opportunities if $MQ falls post-earnings...this is a long term trade.
Lets get it!
My team entered $MQ today at $26.5 per share and have set our first take profit to $30.
FIRST ENTRY: $26.5
TAKE PROFIT 1: $30
TAKE PROFIT 2: $33.5
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