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LINKUSD reminding us of its glorious days.Chainlink (LINKUSD) smashed through our 8.000 target (and the Lower Highs) that we set on the September analysis (see chart below): The price made a 17-month High, broke above the 1W MA100 (green trend-line) for the first time since the week of February 07 2022 and has essentially welcomed the new Bull Cycle as it's now above even the Bear Cycle's Lower Highs. The last Resistance standing is the 1W MA200 (orange trend-line), currently at 13.1636. We have shifted our focus on the more long-term 1W time-frame as it allows us to compare LINK with the previous Cycle, at the time when the 1W RSI first turned overbought above 70.00 (as it has now). That was on the week of May 13 2019, on a strong 3-week rally (as currently), with the 1W MA50 (blue trend-line) turned into Support. The rally didn't stop there but instead extended up to the 2.618 Fibonacci extension. There is no reason to expect a stop before at least $18.00, which is the March 2022 High. The 2.168 Fibonacci is a little over $20.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot
🤘BTC looking to take 32k, becoming more clear🤘BTCUSD along with the gold are two more or less clear markets for my strategy as for now, that's why will publish some updates on them. BTC from the time of the previous update created a clear push and taking overall context into consideration, one of the possible scenarios are continuations to the upside. See previous ideas for more context. ☝️Dear traders, no one here has super powers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or force my will. Have good trading, keep constant flow of self awareness and do your best.
BITSTAMP:BTCUSDLong
by Yelli_trades
9
$UNFI Performing Falling wedgeFalling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
ULong
by Crypto-Adda_Official
$CREAM performing symmetrical triangle$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price chart. This pattern typically consists of converging trendlines, with a series of higher lows and lower highs, creating a triangular shape. 2. **Determine the Direction:** Pay attention to the direction of the price trend leading into the triangle. If the price was in an uptrend before entering the pattern, there's a higher likelihood of a bullish breakout. Conversely, if it was in a downtrend, a bearish breakout is more probable. 3. **Set Entry and Stop-Loss Levels:** To trade a symmetrical triangle, you'll want to wait for a breakout from the pattern. Set your entry order slightly above the upper trendline for a bullish breakout or slightly below the lower trendline for a bearish breakout. Place a stop-loss order to limit potential losses. 4. **Confirm the Breakout:** Don't jump the gun. Wait for a confirmed breakout, which is usually accompanied by increased volume and a significant price movement beyond the trendline. This confirms the direction of the breakout. 5. **Measure the Price Target:** Use the height of the triangle at its widest point to estimate the price target. For a bullish breakout, add this measurement to the breakout point; for a bearish breakout, subtract it. This provides an initial price target. 6. **Monitor and Adjust:** Keep a close eye on your trade and adjust your stop-loss and take-profit levels as the price moves. This will help protect your profits and minimize losses. 7. **Consider Volume and Confirmation:** While symmetrical triangles often result in significant breakouts, not all breakouts are equally reliable. Look for strong confirmation through volume and other technical indicators (such as moving averages) to increase the reliability of your trade. 8. **Practice Risk Management:** Only risk a small portion of your trading capital on any single trade, and don't over-leverage. Stick to a risk-reward ratio that makes sense for your overall trading strategy. Remember that trading involves risk, and it's important to have a solid understanding of technical analysis, risk management, and a trading plan before attempting to trade any chart patterns, including the symmetrical triangle. It's also advisable to practice on a demo account or paper trade to gain experience before risking real money.
Long
by Crypto-Adda_Official
$BSW near to Break down\ward trendline **$BSW near to Break down\ward trendline ** Trading trendline breakouts is a popular strategy in technical analysis. It involves identifying key trendlines on a price chart and then executing trades when the price breaks through these trendlines. Here's a step-by-step guide on how to trade trendline breakouts: 1. **Identify the Trendlines:** - Start by identifying the prevailing trend in the price movement. This can be an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows). - Draw trendlines connecting the lows in an uptrend and the highs in a downtrend. These trendlines should slope in the direction of the prevailing trend. 2. **Confirmation of the Trendline:** - Ensure that the trendline has been touched or respected by the price multiple times. The more times it has been tested, the stronger it is considered. 3. **Entry Point:** - Plan your entry point for a breakout trade. For an uptrend, consider buying when the price breaks above the upper trendline. For a downtrend, consider selling when the price breaks below the lower trendline. 4. **Use Additional Indicators:** - It's often beneficial to use other technical indicators to confirm the breakout. Common indicators include moving averages, Relative Strength Index (RSI), or Stochastic Oscillator. These can help filter out false breakouts. 5. **Set Stop-Loss and Take-Profit Orders:** - Determine your stop-loss and take-profit levels. A stop-loss is placed below the breakout point for long trades and above the breakout point for short trades to limit potential losses. A take-profit level is set at a point where you aim to lock in profits. 6. **Risk Management:** - Calculate the position size based on your risk tolerance. Do not risk more than a small percentage of your trading capital on a single trade.
Long
by Crypto-Adda_Official
MINAUSD Catch me if you can..Mina (MINAUSD) is having the strongest 1D candle in its history, so far more than +80%, breaking above the 1W MA50 (blue trend-line) with ease for the first time since late April. What's next is the 1W MA100 (green trend-line), which on this momentum can get hit even today, and is slightly above the 0.382 Fibonacci level (1.0922). The actual horizontal Resistance is Resistance 1 at 1.25000 and is within Fibs 0.5 and 0.382. Our target on the current wave is 1.07000. When Fib 0.5 breaks, we will buy again and target 3.5000 (Fib 0.786). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MINAUSDLong
by TradingShot
2
MATICUSD Double bullish break-out.Polygon (MATICUSD) closed yesterday above the 1D MA100 (green trend-line) for the first time in 6 months. At the same time it broke above the top (Lower Highs trend-line) of the Falling Wedge pattern since February 18. The 1D RSI was already on a Higher Lows Bullish Divergence since Augst 22 so this is a technical bullish break-out for the long-term. Our target is the 1D MA200 (orange trend-line) at 0.7000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MATICUSDLong
by TradingShot
3
BITCOIN H&S close to being invalidated.Bullish move of the year?Bitcoin (BTCUSD) almost hit today 31050, which is the Shoulder level from the April 14 High that formed the Left Shoulder of the Head and Shoulders (H&S) pattern of the last 6 months. As long as this holds, it will be the Right Shoulder of the pattern, which translates into a Sell Signal, targeting the 28150 Support and potential contact with the 1D MA50 (blue trend-line). If on the other hand the price closes above the Shoulder level or better yet the Head level (31830), it could be perhaps the bullish break-out move of the year. A H&S pattern typically targets the 2.0 Fibonacci extension from Head to neckline. We could assume that the 2.0 Fib invalidation target could be from neckline to Shoulder level. That would give us a buy target slightly above 37000. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
1
ETHEREUM Targeting the 1D MA200Ethereum (ETHUSD) is trading within a 6-month Channel Down pattern with the price breaking above the 1D MA50 (blue trend-line) yesterday. The short-term pattern is a Megaphone within the Channel Down whose Lower Lows come in direct contrast with the Higher Lows of the 1D RSI. Thus we have a significant RSI Bullish Divergence which is holding since the August 17 Low. The Higher High projection of the Megaphone coincides perfectly with a potential 1D MA200 (orange trend-line) test. The target is 1755. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
1
BITCOIN Overbought but it doesn't matter!Bitcoin (BTCUSD) is rising strongly today, against the majority's sentiment which after the ETF fake news earlier, was calling for (much) lower prices. We are almost on Monday's High, with the 1D RSI overbought above the 70.00 territory, but that may not matter at all, in case you are expecting a technical correction. Assuming the 1 year pattern is a Channel Up, the current rise is the technical bullish leg towards a new Higher High. It is supported by the 1D MA50 (blue trend-line) and now by the 1D MA100 (green trend-line) as well. The previous bullish leg was also confirmed after breaking above the Lower Highs trend-line but didn't stop despite turning overbought on the 1D RSI. On the contrary it needed to form a Bearish Divergence of Lower Highs, before the first pull-back took place. As a result, we don't expect a correction now, despite the overbought RSI but rather will wait for at least 3 Lower Highs, in order to take profit and wait for a 1D MA100 correction. That will be the buy with which we will target a symmetrical Higher High at 35500 on the 1.5 Fibonacci extension. But what do you think? Does it matter that BTC is overbought or not and we will see much higher prices now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
STXUSD above the 1D MA200 after 3 months!Stacks (STXUSD) broke above the 1D MA200 (orange trend-line) for the first time since July 20. Our target last time (see chart below) on September 19 was 0.65000, which is the 0.618 Fibonacci level: The price is now on important crossroads. If the 1D candle closes above the 0.618, we will buy again and target the previous High at 0.89000. On the first closing below the 0.618 Fib though (or if it never closes above the 0.618 in the first place) we will sell and target the 1D MA50 (blue trend-line) at 0.52500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSD
by TradingShot
BITCOIN 7 months of PAIN coming to an end??Bitcoin (BTCUSD) broke this week above the 1W MA100 (green trend-line) for the first time since the weekly candle of May 02 2022. The weekly candle closing is of particular interest as the price has quickly pulled back so far below the 1W MA100 (cointelegraph's fake news tweet). If it closes above it, then we may finally see an end to BTC's painful 7-month consolidation that is loosely supported by the 1W MA50 (blue trend-line). Along with the 1W MA100, we may also get a huge bullish signal from the 1W RSI, which broke above its Lower Highs trend-line (that is in effect throughout the whole consolidation), and if the week closes above it, will give the early buy. An emerging Bullish Cross on the 1W MACD, will come as the icing on the cake to confirm the bullish break-out. But what do you think? Do you think this 7-month agony is about to end on this week's closing? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
3
BITCOIN Just accept that we are NOT going any LOWER than this!Kind of catchy title but 100% true nonetheless, at least according to this chart. On today's analysis we see Bitcoin (BTCUSD) on the 1W time-frame, supported by the 1W MA50 (blue trend-line). Every time on these Cycles you see it broke above the previous Resistance (dashed line) and turned it into Support without breaking it, while the 1W MA50 was supported and a 1W MACD Bullish Cross took place above the 0.0 neutral mark, BTC never reached any prices lower than that and instead initiated a parabolic rally. We can see that when the Resistance-turned-Support broke due to the COVID crash, the 1W MA50 had also broken already (November 2019), while the 1W MACD Bullish Cross took place below 0.0. Thus not a sign of a parabolic rally. These set of parameters show that indeed BTC won't be going lower than last months bottom any more. Do you think that will be the case and we can call September's low a bottom? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
13
BITCOIN Have you forgotten what LOGARITHMIC is all about??In the early days Bitcoin (BTCUSD) charts were very often about its parabolic rallies not just on a large Cycle scale but also shorter term. That's because its been having a Logarithmic Growth since its inception. Lately though it appears that most have forgotten all about this. Let's refresh our memory on that logarithmic truly means for Bitcoin. On this 1W chart, we display BTC's heavy benchmarks on the logarithmic (log) scale. $1 gave way to $10 (leg a) in 17 weeks (119 days), then it took 96 weeks (679 days) to reach the (psychologically critical for the time) $100 benchmark (leg b). $1000 (leg c) was reached in 34 weeks (238 days), while $10000 (leg d) took 209 weeks (1463 days) after that to get hit. Pure logarithmic growth, nothing more nothing less. An interesting observation here is that $100-to-$1000 (leg c) took double the time of leg a (c = a*2). In same fashion, leg d ($1000-to-$10000) was also almost twice as leg b (d = b*2). Could it be that the next leg (e), i.e. $10000 to $100000 (which is seen by the market as the new psychological level/ benchmark in Bitcoin's evolution) would be twice as lengthy as leg d, i.e. e d*2? This is translated to a time range of 418 weeks (2926 days), which gives us a rough projection of December 08 2025. Could that be the correct timing for hitting Bitcoin's Holy Grail target or is it too late? Do you think its always good to keep an eye on the basics of Bitcoin's logarithmic growth? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
29
BITCOIN Haven't we seen this before??Bitcoin (BTCUSD) tends to repeat its historic patterns. Not always in the exact same way but some principles remain. Since March 2023 we see a consolidation/ accumulation pattern which in our opinion draws comparisons with April - June 2020. A Falling Wedge gave way to an aggressive break-out that formed an arc top, which then declined again below the 1D MA50 (blue trend-line). At the moment we are in the phase where the price is again above the 1D MA50. As you can see the 1W MA50 (red trend-line) has been supporting this whole time, since it formed a Bullish Cross with the 1D MA50. The RSI patterns between the two fractals are also similar. We are well aware that 2020 was a Halving year while 2023 is not, but at least on a micro level, do you think that if the 1D MA50 holds, it will give way to some type of short-term rise? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
56
RUNEUSD Megaphone rebound aiming higher.THORChain (RUNEUSD) is testing the 1D MA50 (blue trend-line) as short-term Resistance after a clear-cut bounce at the bottom of the Megaphone pattern and just above the 1W MA50 (red trend-line). This mobilizes the 1W MA levels to come into focus and justifies a short-term (at least) buy towards 2.5000 (top of Megaphone and expected contact with the 1W MA100 (yellow trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:RUNEUSDLong
by TradingShot
2
$FXS Performing Falling wedge CRYPTOCAP:FXS Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
BITCOIN & Chinese stocks. The Divergence that happens mid-Cycle.This is another very informative study that brings together Bitcoin (BTCUSD) and this time, the Chinese stock market (CN50 - blue trend-line). We are looking into the last two Cycles and how in particular the Chinese stocks often lead BTC moves before they happen. Our focus is in the phase after the Bear Cycle bottom and before the Halvings. As you can see during both of the last market bottoms, the Chinese stocks started to rise first and a few weeks after BTC followed. This led us to the Divergence phases (then 2019 now 2023), which precede the Halving events. During those phases, we see the two assets diverge. In 2019 the Chinese stocks kept rising while BTC fell. In 2023 the Chinese stocks are declining but on a low pace, while BTC mostly rose. Theoretically, the closer we will get to the Halving, the more the two should converge. But does this mean that a potential rise on Chinese stocks will first make BTC decline more? Or it will resume the norm that China will lead BTC moves again, i.e. BTC will follow with a rise of itself? What do you think, which scenario will take place first? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
5