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ridethepig | TSLA on the Fairway📌 ridethepig | TSLA on the Fairway An illustration of the consequences when surrendering the support and when your opponent grabs the break. It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play. Sellers are clearly on the fairway and this swing has been a very large one. An express train! With simultaneous plays down to structural support -40% from the highs, breaking through is an extreme. I expect 330 will be the final destination here unless buyers manage to somehow bring in more resources. A quick leg down before finding a base? Smells like it. Thanks as usual for keeping the feedback coming 👍 or 👎
NASDAQ:TSLAShort
by ridethepig
25
BTC Forecast 60k Sustained by Week 1/2 March 2021Referencing YTD channel volatility and direction, forecast wave 5 sustaining ~60k USD by end of Week 1/early Week 2 March. Accounting for the Elon factor here, the Tesla news triggered an overbought divergence north of channel within range of historical volatility (~13%). Correction this past week within historical volatility below channel (~13%) to resume current uptrend around 19 degrees, placing potential 60k sustained in 1st or 2nd week of March, not accounting for more Elon tweets. I am an amateur (less than a year dabbling in TA) so feedback is very, very welcome. Thanks.
COINBASE:BTCUSDLong
by 1BigPapi
BTCUSDT | Why it felt and what to expect next?Past two days were tensed for cryptocurrency market players: Bulls having losses or keep funds locked in trades Bears had several liquidations due to sudden bounces Who favors from such price action? Literally both sides! Bulls could close long positions at Widening falling wedge near with $54 815 level and accumulate strong assets with a 30% discount once Triple bottom line was formed Bears could open short positions at Widening falling wedge confirmation point and close it at the support Why did Bitcoin price fall? The main and essential reason is continuous and uncorrected upward price action. Market players expected correction since entering $44 000 - $48 000 zone however price was pushed directly to $58 000. Thus everyone was aware of drop and here came the trigger Elon Musk's claim "...Cryptocurrencies are overvalued". Exchanges' Bitcoin reserves have been increased sharply and then massive sell off began. Is the correction finished? Strong positive fundamental news were received today Square increased Bitcoin holdings with a new $170 million investment. Around 3 319 BTC were purchased at an average price of $51 236 per coin MicroStrategy purchased approximately 19 452 BTC at an average price of $52 765 per coin It can be concluded Bitcoin price action is now stabilized and have a solid support formed by institutional investors What should be expected next? Technical and Fundamental analyses reveal the most probable scenario: Price action should retrace to $45 179 level where horizontal parallel range (Blue parallel channel) will be formed. Bitcoin should not break it below due to Square and MicroStrategy purchases made today. The price action will accumulate power and consolidate to retest upper edge of the range around $51 496. There is a high probability of subsequent breakthrough and testing of $62 000 area Stay tuned and subscribe to our profile to receive updates to this idea on time. Please support us with your likes it is important for the team :) DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
27
BTC / USD Potential fractal formation. Important price areaThe chart shows a fractal that can potentially form on this trading pair. I must say right away that fractals in trading are a rather conventional method of analysis, but sometimes they are applicable. This is in addition to the usual technical analysis, nothing more. Helps to logically anticipate potential price movement formation before it occurs long before major market participants. But you need to understand that without other methods of analysis, it is not effective at work. You need to understand that after the price of 56000 and then 57318 was shown, this local correction at the moment was most likely unavoidable. The main thing is that everything ends with this squeeze, or at least the downward movement of the price only in these numerical values, otherwise the domino effect may occur and after the reversal of the local trend we will see a real reversal of the secondary. Past trading idea for this trading pair. BTC/USD Top of the trend Triangle Soon the denouement Psychology +17.13% 56000$
COINBASE:BTCUSD
by SpartaBTC
19
$BTC - small retracement is coming$BTCUSDT had formed a cup and handle pattern and it is bullish in the long run. However, we didn't have any retracements for a long-time. I've drawn support lines (green lines). volume profile helped me to see where people are willing to buy at. 1-Pushes followed by retraces are healthy for the market. 2- I think the pushes that we made are driven by pumps from Elon and some hedge funds if that repeated on the following days the retracements will be in short duration. 3-Accumulations/distribution ratio is v. good tho we won't see a major bearish trend. 4. "History repeats itself" March has always been bearish. Get ready to buy your $BTC at a better price on the following days.
Short
by btcaddict1999
3
DOGE / BTC After the super pump, a triangle is formed. Elon MuskDOGE / BTC After super pumping the price, a symmetrical triangle is formed. We see the ransom squeeze from its lower border. If a given triangle forms, its base is 300%. Let me remind you that the accumulation pump, depending on the exchange, was about + 1500%. If we assume that a triangle is formed, then it will be fully worked out in cases of a breakthrough of the resistance of 300%, and if, after working out, the upward trend of insanity continues and the "new advertising personality" announces that his toys for adults and wealthy uncles will be sold for "national coin", then the triangle can act as a canvas of an upward pennant (unlikely). I think the real targets at the moment are a potential upward movement inside the triangle (about + 70%) and then in cases of a real breakout of the triangle - a movement to the previous maximum. This is not just a risky trade, but an extremely risky one, since the price from accumulation is currently about + 10X. I covered this topic in more detail in related ideas on DOGE (see below). Also, the price of this coin is based on the accumulation of 16 satosh, as well as the previous pumping before that. The new advertising personality of the crypto market is pulling the dog in every possible way. From time to time we see his different statements exactly at those moments where the price chart needs it. For example now: "If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo." He also did not mention that about 20% -30% of the positions after pumping on the dump were distributed to linked wallets, it is not difficult to guess which group of people they belong to. Yes, saint, he has no personal benefit). But, he could not make such a tweet when the position of 16 satoshis was recruited, but at 10X from the set, the very thing ... And it doesn't matter what the price will be next.
by SpartaBTC
14
Another clear corrective structure on TSLAToday, we will speak about the current structure we can see on TSLA . - Corrective Patterns tell us about the accumulation and distribution process. That creates sideways movements which form this Zig-Zag / Triangles / Irregular patterns - Breakout trading is about waiting for the breakout of a formation. We consider that the accumulation and distribution process is finished when a candlestick breaks above a key level (like the entry zones we have). Once that happens, we set our stop loss below the previous structure, which represents a demand level - The idea with this type of setup is to look for Risk/Reward ratios above 1.5 - In general terms, we can say that the Win rate of this type of structures is about 50% / Remember that the key here is the risk-reward ratio - Conclusion: This is a setup we will take, using 1% of the capital (RISK MANAGEMENT IS KEY). Entry / Stop / Take Profit are the ones you see in the chart. We will use the first fibo extension for break-even Thanks for reading!
NASDAQ:TSLALong
by ThinkingAntsOk
4
BTC/USD Top of the trend Triangle Soon the denouement PsychologyLocal work. Timeframe 4 hours. In a local uptrend, a diagonal triangle (rising wedge) has formed at its top, the price is practically in the corner. Soon, the denouement is an entry in the direction of a breakout or a rollback after a breakout, now it is not rational to enter a deal, you need to wait for a denouement. But you need to understand that there may be false breakouts, take this into account in your trading strategy and do not be deceived. And it only depends on your experience and what kind of trader you are. Pay attention, the price rises, the volumes decrease in a mirror image. Everyone is waiting for a denouement .... Analyze where this was in the history of the same Beethoven and what happened. If this triangle breaks upwards, then it can act as an integral part of an upward pennant with a target at the flagpole (impulse) of 24%. On the one hand, as I wrote earlier, with the marketing purpose of "z .. in the mask" and his leaders, whose will he performs rationally to maintain mass psychosis, break through the mark of 50 thousand "dead US presidents." Then I think all the SMM-controlled will explode from mass PR. Then any housewife will find out about the miracle bitcoin and will desire it for her pennies. If mass psychosis enters the "red zone", then we can see, not only the local goal of the "pennant flagpole" at the moment, but also to the number of God)) The opposite situation is when this local diagonal triangle is broken down for 4 hours and then there is no rollback (this is important) from the zone of the uptrend line (green uptrend). then this diagonal triangle will act as the 5th wave in the local given trend, which generates a weaker movement / wave, and, as a result, sub-waves within it, which we see in the form of a diagonal triangle. I advise you to study what 19 02 is and what events in the past are associated with it, this will be a hint for you, as well as an understanding of what process can start. 15-16 are also important, the completion of the formation of this triangle is not an accident. Bitcoin (process brand) is a greed virus to destroy the old governance system. Bitcoin (as a process brand) is primarily a greed virus in the system. The virus is planted in a nutrient pre-prepared electronic soil. There is no cure for this "electronic soldier", as in the world with an egoistic orientation everyone is sick. Someone less, someone more, but that's it. Including the management elite. The majority of residents of this plan (the level of development as a person) cannot refuse from "gifts" - huge sums of nothing that can be converted into real material wealth. The system kept the majority of the population on a "hunger strike" without providing resources. Keeping on a "hunger strike", the system controlled, but if the hungry are given their fill infinitely and in a short time, they no longer want to return to the "wheel and spin it for a pittance." A "full squirrel" will not want to "pedal" further. Little by little "human bolts" begin to fall out in the huge old, rusty, archaic control mechanism. Gradually, the management elite of the lower orders begins to "get infected" from the lower classes with the virus of greed, they cease to fulfill their obligations. The control mechanism is malfunctioning. Greed is capable of destroying any control system (without the shedding of large rivers of blood), which is subject to it and guides. Infecting more and more from the bottom, the system destroys itself from within. On the one hand, greed and selfishness put the whole world and its development on the shoulder. It was clear that this was a dead end and something needed to be done. So the idea appeared to solve the problem by the problem itself. These destructive qualities of people at the moment are destroying the old management system. Whoever thinks from the standpoint of money and greed will be crushed by it. Your pink dreams will remain so. A great resource in those who do not know how to manage it (personal benefit) is dangerous for everyone. One control system changes to another, and what it will be depends only on the thinking of the majority. If the majority has in their heads as now only egoism and personal gain (with the help of which the old is destroyed), everything will remain as before, only with another candy wrapper outside. What is in the head of the majority, then from the outside in the world.
COINBASE:BTCUSD
by SpartaBTC
50
TESLA - End of the rise???As you can see we arrived to an interesting part of TESLA price... We have recently seen a huge rise in the price of the Tesla, which is almost looks like a bubble. However, there are several signs that this rise is over and the correction is beginning. At the H4 time plane, peaks have already begun to decline and there is a narrowing of the exchange rate from which a huge movement is expected in either direction - as the uptrend has been going on for quite some time, a depth correction is likely to follow first to Fibo 61.8 , if calculated from the H4 correction. The other option is that the correction doesn’t go deeper, bursts up again, and Musk remains the richest man in the world.
NASDAQ:TSLAShort
by ForexFacts
1