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EUR/USD: Consolidation close to the end!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the EUR/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my bearish idea, have a read of my previous analysis: Before focusing on the 1 hour chart, let’s have a quick recap on the 4h timeframe: The market performed a strong bearish impulse, retracing back and consolidating around the 0.38% and 0.50% of Fibonacci, an area where the price usually takes a “breath”. Back to the 1 hour chart: The price is forming a symmetrical triangle pattern, it usually is a clue of market continuation, and considering the overall bearish market, there is a good possibility to see more continuation! Before planning my short trade on this position, I will be waiting for a breakout to the downside of the pattern, a retest of the local level and a good entry point with a RRR of 1:2 or greater. A breakout to the upside of the pattern and the resistance level, would invalidate this trade and no action will be taken on this market! If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
7
BTC Rejection!From my previous post, you'll notice that BTC fell below an ascending channel, that's been around since July 2021. Since then, it came back up to retest the channel but the bears have stepped in and managed to push prices back down. This rejection has BTC currently trading back in its previous range 47k - 50k. If the selling pressure continues, we can see a 5% drop to the previous support. Let's watch closely. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
BITFINEX:BTCUSD
by rnaofs
XAU/USD: An upcoming strong movement!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the XAU/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my long BIAS, let’s have a quick look on the monthly timeframe: After a strong bullish impulse during the 2020, the market started consolidating forming an interesting symmetrical triangle pattern. In November, the last second candle showed an equilibrium between the bearish and bullish pressure ( see the small red candle with a huge shadow). The price is currently retesting a strong support zone with a possibility to see a trend continuation, in a long term. Switching to the weekly timeframe: The price is respecting the dynamic trendline of this triangle pattern. Overall we could aspect more consolidation before a breakout! Let’s see what is going on in the daily timeframe: As you can see in the picture, the price is consolidating around the 0.50% and 0.618% of Fibonacci retracement, a typical area where the price get a breath after a strong impulse. Finally back to the 4h timeframe: The price is just retesting the support zone and the dynamic trendline. Overall it’s making new HHs and HLs and before to plan my long position on this market, I will be waiting for a bullish price action with a RRR 1:2 or greater. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
OANDA:XAUUSDLong
by UnknownUnicorn18552923
1
BTC/USD: Keep an eye on this breakout!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the BTC/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my short BIAS, let’s have a quick look on the monthly timeframe: A couple of months ago, a strong bullish pressure, pushed the price up, as you can see the bullish green candle, breaking to the upside an interesting resistance level, reaching almost the level 70k for the first time. The market is now retracing back and retesting the previous resistance currently turned into support. We still have 22 days before the end of this monthly candle, but overall from this perspective, the market is bearish. Switching to the weekly timeframe: The market broke the ascending trendline that worked quite good as a dynamic support during the last 5 months, and its now retesting the area. The second last bearish candle shows a great shadow, this is a clue that on the level 40k we still could find long pending orders ready to try to push the price up again. Let’s focusing on this specific situation having a look on the daily timeframe: As you can see in the chart, the price has been following a descending channel since the beginning on November, few doji candles are a sign of market indecision, and considering the retest of the trendline on a monthly support zone, there is a good possibility to see a bearish continuation. Finally back to the 4h timeframe: A strong bearish movement to the downside is getting now a correction, forming an interesting flag just around the 0.50% of Fibonacci retracement, a possible sign of market continuation. Considering the overal bearish market, before to plan my short position I will be waiting for a breakout of this pattern, looking for a good entry point with RRR at least 1:2 or greater on the retest of the flag. A breakout of this pattern to the upside would invalidate my considerations for this trade. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
COINBASE:BTCUSDShort
by UnknownUnicorn18552923
1
ETH/USD: Market Consolidation with a Bullish Perspective!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the ETH/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my bullish bias, let’s have a quick look on the monthly timeframe: During the last 3 months the market has performed a strong bullish impulse, breaking a previous resistance area (now turned into support) in October. A smaller green candle in November was definitely a first clue that the market was losing momentum and as the chart is currently showing, a bearish candle is now approaching to retest the support area, before to continue, eventually, the current uptrend. Let’s switch now to the weekly timeframe: The market is moving uptrend and it’s created a clear evening star candlestick pattern in November, followed by two weeks of equilibrium, clearly retesting now the previous monthly support area. Switching to the daily timeframe, I can analyse better this specific situation: As you can see in the chart, the market is following an uptrend, bouncing on a dynamic trendline. The last bullish impulse is getting now a retracement and tested the level 0.38 of Fibonacci, that currently is a strong support/resistance area, as previously said. Finally back to the 4h timeframe: The market is definitely consolidating inside a price range between 3800 and 4800. Before to start looking for a buy position I would wait for a retest of the support zone and a bullish price action with a RRR 1:2 or greater and only if every condition will be respected, then I will get my position according with my trading range strategy. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
COINBASE:ETHUSDLong
by UnknownUnicorn18552923
2
Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE.Bitcoin (BTC) and Ether (ETH) have each witnessed competitive income-reserving after hitting their respective new all-time excessive. This shows that buyers who had sold on rumors of a Bitcoin alternate-traded fund booked profits following the successful release of the ProShares’ Bitcoin Strategy change-traded fund (ETF) (BITO).The bulls tried to degree a recovery in Bitcoin after the release of the second BTC futures-connected ETF by means of digital asset manager Valkyrie on Oct. 22 however met with sturdy promoting stress at higher degrees. The promoting has pulled the greed stage on the Crypto Fear and Greed Index from eighty four on Oct. 21 to 75 on Oct. 22.
BITSTAMP:ETHUSDLong
by Susan28100
Bitcoin's 4200 Pip Move (Profit)Good day guys! If you entered into this sell position on my previous post this week, you are up over 4200 pips and counting. If you look on this weekly chart, price action clearly has a lot of downside. The support could be at the previous 2017 reisistance. I mentioned how on the smaller time frames price is ranging in a rising wedge pattern. With so much euphoria around Bitcoin, everyone's goal is to buy the dip. The problem is what if the price keeps dipping. Listening to people like this is problematic, because they are not really traders. They are speculators. People only are winning, because of the fed. People think if you buy when it goes down, then they will get lucky and it will go up.I mentioned in my previous post how there is a massive head and shoulder pattern forming. I am a price action top down analysis trader who understands economics. In simple terms, I am a macro trader. I always use the bigger picture to guide me and zoom down on smaller time frames for imperfect entries. Humprey Neil once said, "Don't confused brains with a bull market." We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
BITSTAMP:BTCUSDShort
by ThirdEyeTraders
2
Large Public Consulting Firms - 12 Month Relative PerformanceHere is a quick look at how well the stock of select large public consulting companies has done in the last 12 months compared to each other. In short, all firms have seen significant appreciation in stock price since last June. Larger firms like IBM and Accenture have posted respectable returns; however, they were dwarfed by the massive gains of Indian Pure Plays like Infosys and Wipro, high-growth firms like EPAM, and other smaller providers like CapGemini. You have done well if you hold shares in these companies or get paid in stock of these companies as an employee. Future growth prospects remain strong in professional services. However, several headwinds exist, like the massive labor shortages in the consulting market and the impact of economic factors like inflation. Nevertheless, the continued move to the cloud, accelerated digital transformation, cybersecurity threats, upcoming 5G/edge computing opportunities will only accelerate the consulting business globally.
NYSE:ACNLong
by inomad360
Strong Buy Now: The best setup digital AI company on the CSEBoy, I scan companies for a living and although this ones balance sheet (as I write this) may not be the best pick for VALUE today, it is certainly setup well for an earnings surprise going into Q2. The CEO has said they have realized over $1.5M USD of top line revenue with an entire MONTH left in the quarter. Not to mention - he even said he fully expects to see $15M annually in the near to medium term. They closed HUGE contracts - one of which is for 50k retail locations and even have partnered with Intel; their own app RADAR is on Intel's DOMAIN . That is huge material news that's stayed under the radar on the *little volume* CSE. This is my number 1 pick right now; this one will turn a lot of heads super quick. Also the chart is setup nicely for a long. Trade it, hold it, long term hold it whatever you chose to do just BUY it.
CSE:VSBYLong
by GK-Trades