XRP: Did the dump scare you?If you had a long position in XRP and you closed because you got scared of the dump, you're trading with emotions. According to the technical analysis, although the dump was surprising, it meant nothing. XRP was, and still is trading inside the one-month triangle meaning hold your horses and be patient because a breakthrough is on its way.
Follow me for some more upcoming technicals, I'll be watching the charts closely.
Consolidation-breakout
SCPS - Toight like a tigerReady for a pop, tight consolidation, insider buying, newly public, was most likely missed during the December GME frenzy.
Yellow is buy
Green is take profit
Red is sell
Buy spread = 10%
Max loss = 18%
Max gain (T2) = 40.7%
Bitcoin Entry Prices for Next Bull Run! Hello guys,
today’s day trading analysis will be on BTC
There is a very nicely looking volume-based setup called the “Volume Accumulation Setup“
First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below.
Then, after the big guys (trading institutions) placed their big trades there, they pushed the price upwards into an uptrend.
This uptrend tells us, that the volumes placed in the rotation (blue rectangle ) were Longs.
This is an information we can work with. Now we know where strong institutional buyers placed a lot of their Long positions.
This are is now very important place for them.
When the price makes it back to this heavy volume area again then, those buyers will want to protect it and to push the price upwards from there again...
Most likely from the place where they placed the most of their positions.
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ATOM/BTC Bull TrendATOM looking great riding the bull market on 2HR chart.
Once ATOM reaches trend consolidation area, hopefully it can brake free creating ATH but can also create new ATL when the markets switch.
Lmk in comment section if you are bull/bear on ATOM and don't forget to hit that like button.
Happy trading everyone :)
Disclamer; I am not a financial advisor so please apply with caution.
Bitcoin correction OVER? 35k important!Hey there,
Thank you for supporting this post with your likes and follow me aswell!
Bitcoin current resistance at 33500!
Think nothing to big coming anymore.
If Bitcoin decides to drop, unlikely below support of 29-27k.
Think Bitcoin has a good chance of consolidating current gains and
breaking resistance or touching it around 35k.
Once 35k is cleared, Bitcoin will go up and we probably won't see Bitcoin
below 29k again.
Cheers,
Konrad
CHF/JPY - Ranging Price Awaiting Bearish BreakHere we can see price is trading in a flat channel highlighted with the black horizontal lines and our green highlighted rectangle. Price is contained in this area. We are waiting for price to breakout to the downside on this pair.
Please drop me a message. I'll be happy to help with any forex related queries!
Long LINK/USD to $30 then $40LINK has just completed a clean breakout and close above ATH resistance on strong volume after a beautiful multi-month consolidation. This consolidation base appears in the context of a strong, multi-year uptrend and should provide LINK legs for a trending move to the 1st fib target at $30 and ultimately the 2.618 around $40. A little late to the update on this one, I'm in on a position trade from $15 but looking for at minimum a double and likely a triple over the next several weeks/months. May take some time to consolidate and fake-out above/below the breakout area, but once it gets moving above $20, LINK is headed much higher during this bull run.
Long BTC, Long ETH and Long DeFi is the motto for 2021. Happy trading!
PLTR Moonshot - DAILY CHARTSee related ideas 👀🚀🚀🚀
I’m only posting this so you can see my trend lines and analysis on the daily chart which makes the intraday trading within the pennant more clear 🚀
🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week.
Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀
WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule.
Where do you think they are taking their profits to?
🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
ETH - 4H Wedge WatchWe recently saw ETH create a lower high coming off the peak of its recent move up. Seems to be consolidating with lower avg volume. Maybe sometime tonight/tomorrow this will either breakout to create a new high or drop to a recent support level, although I’m leaning on the bullish side as we all know what can happen to crypto on weekends!