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Equilibrium

Bitcoin in a Short Term Equilibrium Pattern-waiting for a breakAfter a recent big move up, it looks like we may continue in an equilibrium pattern for the short term. Waiting for a break of the equilibrium pattern to determine direction. We will want to see volume come in to confirm the break of this pattern. With all of the positive news including Grayscale's recent purchase of $300 Million, I expect we will continue to hear institutions and other companies increasing their asset exposure to bitcoin. Paypal's news about being able to Buy/Sell/Hold several cryptocurrencies (including Bitcoin, Ethereum, Litecoin and BCash) will continue this trend that brings Bitcoin exposure to the masses. As for resistances, we will need to break 12,250 and the next major resistance before All Time Highs is $13,868.
COINBASE:BTCUSDLong
by zwickster
1
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects. Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below. Bullish: Cup an Handle Formation Bullish Market Structure Trending above the 20MA RSI trending above the 50 level Cup & Handle target aligning with other targets TB Fib Extension Final Target aligning with other targets Fib Retracement .382 aligning with other targets TB Fib Extension Target 1 looking achievable on the break Bearish: 2 levels of support are indicated if we fail completion and reject off resistance. Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus. Watchlist worthy. Disclosure: Held. Sentiment: Bullish. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
PLong
by Trader_Johnni
1
ARCHER TO RALLY?ASX:AXE Archer Materials Limited is a materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to over $300 million of technology development infrastructure. After a great announcement this morning titled "Chip build fast-tracked with qubit modelling" in which advancements have been made in their quest to build quantum technology that will be integrated eventually into existing electronic platforms, some would say that having a signed partnership with IBM is also very advantageous. We have seen a bullish move within the Daily Ascending Triangle but due to the markets unpredictability we play Bull and Bear and here are the scenarios below. Bullish: Daily Ascending Triangle continuing to be respected Re claimed the 20MA Bullish Rejection out of the Ichimoku Cloud MACD anticipated bullish cross Stochastic approaching the 50 with anticipated cross Bullish break inside Ascending Triangle hunting 25% Internal Target 1 if respected. IF Ascending Triangle Completes and Major news is released, Fractal Targets 1&2 are as displayed. Keep in mind Major Resistance needs to be broken and I'd wait for confirmation of direction around the Internal Target 1 zone. Bearish: Fail Ascending Triangle would see us test previous Equilibrium then potentially Previous Support Stochastic would fail the 50 and reverse MACD would turn Bearish and spread Break the Ichimoku Cloud similar to July break Forming Large Scale Bullflag identified by Green Rotated Rectangle needing another touch which would GAP Fill 08/05-11/05 Definitely a company to add to your watchlist. IMO DYOR DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
ASX:AXELong
by Trader_Johnni
1
GOLD NEW ATH OR BACK TO TREND?Gold having recently fallen 11% from its all time high (US$2075) back in August is interesting. Usually used as a Hedge during times of high volatility in the markets, gold is taking what looks to be a serious retrace after 2 years of mostly uninterrupted growth. What's interesting is that the markets across the world have become inherently more unstable due to local government restrictions and the economic fallout of Covid19. The real unknown is where to from now. The US will hit approx $3.3 trillion annual debt deficit ending September 2020 which is the largest ever recorded, and spending has no end in site. Will the US continue to dig themselves into a hole and what will this mean for the price of gold? Above are some bar patterns taken from 2010-2015. Scenario A (ORANGE): Shows increasing growth after a mild retrace after 700 days as depicted between OCT 2008- NOV 2010. Again retesting US$2075 & consolidating against Uptrend Channel Resistance, before breaking through to reach new ATHs Considering we have only seen an 81.6% rise in price over the last 2 years compared to the run of 2008-2011 (180%), it is fair to say we still have more left in the tank to test ATH territory? Especially with the 2020 US Presidential Election looming. Scenario B (BLUE): Shows support being found around a potential Equilibrium at US$1770, which also happens to be a key Fib Retracement level 0.5 (Extension form 16/03/2020 to ATH) and bouncing. Followed by a drop after the Presidential Election Results causing a range to be form between $1700-1900. Eventually breaking resistance and the Ichimoku Cloud to fall back to previous support & the long term uptrend trendline. All Hypothetical & Spec but interested to see everyones long term targets and explanations. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
OANDA:XAUUSD
by Trader_Johnni
1
THETAUSDT Descending Broadening Wedge| 200 MA| .618 Fibonacci|PAEvening Traders, Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance, Points to consider, - Trend bullish (consecutive higher lows) - Support confluence o 200 MA o Local S/R o .618 Fibonacci - Dynamic Resistance - Oscillator Equilibrium - Declining Volume THETAUSDT’s immediate trend is bullish; the market structure is constructing consecutive higher highs and higher lows with ATH in target. This allows us to have a bullish bias on the market. The immediate support has multiple technical confluences, the .618 Fibonacci, 200MA and local S/R. Price has a greater probability of respecting this area upon first test as this is a true trade location, The Dynamic resistance is a key level to break as this will confirm a descending broadening wedge pattern. These are inherently bullish. The volume profile is currently below average thus an influx is likely. It is important to monitor for increasing volume as this typical indicated price expansion. Overall, in my opinion, THEATAUSDT is a valid long with defined risk, price action is to be used upon discretion/ managemrnt of trade. Hope this analysis helps. Thank you for following my work! And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Long
by AzizKhanZamani
4
BOT Ready to GAP(ASX:BOT) Botanix Pharmaceuticals Limited is a clinical stage synthetic cannabinoid company based in Perth (Australia) and Philadelphia (USA) committed to the development of pharmaceutical products that are underpinned by science and supported by well-controlled randomised clinical trials. Technicals: Shaping up to GAP - Ascending Triangle Pattern - 10/20 MA Golden Cross - RSI Bullish + Above the 50 - MACD Bullish and Spread - Fractal Target 1 lining up with Previou EQ and 0.236 Fib Retracement @ 0.081 - Fractal Target 2 close to another Resistance level @ 0.095 - GAPs Present @ 0.14 - 0.234, 0.027 - 0.029, 0.034 - 0.037 - "Golden Pocket" 0.5-.618 Fib Retracement sitting within 0.14 - 0.234 GAP - Stop loose @ 0.042 Fundamentals: Undervalued, Debt Free, +$20 Million Cash - Multiple Phase 2 Clinical Trials underway with FDA Meetings successful for there Cannabinoid Products. - Antimicrobial Study Phase 2 to be completed 4th Quarter 2020 - World Class Board of Directors & Advisors with Key Experience in Management, Research & Development, FDA Approvals, Pharmaceuticals, Therapeuticals - Debt Free with $24.6 Million in Cash and Investments - Total Liabilities of $1.37 Million covered by $24.7 Million in Assets Technically and Fundamentally this is shaping up to be a great Trade & Long term Investment. My only Concern is how the effects of COVD19 will weigh on the Therapeutic/ Pharmaceutical Industry. Definitely a Sector and Company to keep watch of. Setups/Strategies should be based on Individual Trade/ Risk Management Plan These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:BOTLong
by Trader_Johnni
7
CLQ 100% PLAY(ASX:CLQ) Clean TeQ is a leader in metals recovery and industrial water treatment through our proprietary Clean-iX® continuous ion exchange technology. "Our vision is to help reduce the world’s environmental burden using our proprietary technologies and to become a leading supplier of clean energy solutions. We are committed to finding better ways to solve planet earth’s most pressing environmental problems." "BUY THE BOTTOM, SELL THE TOP" Could this be the 100% run? - Double Bottom off Daily Support - Daily Bullish Divergence in play - MACD Cross and starting to spread - Long term downtrend about to be tested - Gap to be filled between $.16-.175 - EMA 10/20 starting to turn - Targets set for Equilibriums - Risk/Reward sitting at 4:1 Once again major shifts are underway in multiple sectors. I truly believe Renewable Companies will call 'trump''s soon and begin to lay down their hand. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
CLong
by Trader_Johnni
3
Z1P $7 LIKELY...(ASX:Z1P) Zip Co Limited offers point-of-sale credit and payment solutions to customers and providing a variety of integrated Retail Finance solutions to merchants across numerous industries, both online and in-store. x2 Scenarios 1 Long, 1 Short 1.) Bull Flag/Broken Descending Channel Aim for $6.80 - Broken Descending Channel - Bounce off .382 Fib Retracement - MACD Cross & Spread 4HR - RSI Neutral (Trending Up) - Bullish Market Structure Created - Long Term Uptrend respected - 2.7:1 Risk Reward 2.) 'Potential Descending Triangle', Break Support, Fill the GAP - Head & Shoulders Completes creating change in Market Structure (LINE Bar Style) - OPEN GAP between $3.75 - $4.75 - Looking for a bounce once OPEN GAP fills I am interested to see what happens to Price once EOFY Reports start to surface. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:ZIPLong
by Trader_Johnni
2
PARADIGM - 160% PROFIT TO CONTINUEPay close attention to PARADIGM (PAR). 3 Potential Moves 1. We bounce off the .382 Fib level and return to test the 2.80 mark which we saw on 11/05/20 -Being the end of the trading week I suspect the latter. 2. We break the .382 Fib level and Uptrend and head for the 'Golden Pocket' -Bounce off strong support at 2.00 mark -MACD is starting to squeeze but if we find momentum next week we could start to spread again. -PAR loves the .5 Fibonacci Retracement level. (Short term fact) -We hit the deeper uptrend and continue back up towards the 2.80 mark to test a strong EQ Resistance Level. Very Possible -It regains buyer momentum in the 'Golden Pocket' between the .5-.618 Fib Level. Very Possible -Positive news released early next week bring strong buying sentiment back into the market and create an Higher Low ready for the next leg up. 3. We BREAK both uptrend trendlines creating NEW Bearish Market Structure and head for the next Major Support @ 1.48 Another company im keeping a close eye on. PARADIGM BIOPHARMACEUTICALS LTD is a late stage drug development company with their aim to treat musculoskeletal disorders in humans with degenerative disease driven by injury, viral infection, aging or genetic predisposition. They have a cash balance sheet of $108 Million (06/04/20), FDA Approval, IP Protection & Patents, Agreements that stand for 20 years regarding manufacturing, Fully funded until 2022. EYES ON!!! These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:PAR
by Trader_Johnni
3
AFTERPAY - NEW ATH or 50% RETRACE?AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO) 3 Scenarios to play out in the next week. 1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable. -Current Support holding -Bouncing off long term Uptrend Trendline -Covid-19 still taking its toll on the world -Fib Extension 1.272 within Rising Wedge -New ATH territory -Volume still present in the market 2: After a 440% run wheres the retrace?? Is now the time? (Short Term Retrace) -440% run without a retrace -Covid-19 Restrictions 'Softening' -MACD Death Cross inbound -RSI Overbought Territory -Fib Retrace .236 within reach -Parabolic Uptrend will crack -Healthy market run needs good market structure 3: A larger retrace is required - Punch through the Fib .236 and head for the .382 & Strong Equilibrium -Fill GAP between .236 - .382 -MACD Cross and Spread -Crack RSI uptrend -New Market Structure will form LL, LH -Parabolic trend will break A Revolutionary Company that was founded 5 Years ago. with over 40,000 Merchants Worldwide and 7 million users and GROWING, Afterpay has smashed the market post Covid-19 dump with a full retrace as their platform has capitalised on the state of the Global Economy during this time (Someone had to) with over $250 Million in Revenue (JUNE 2019) in excited to see what the End of Financial Year brings for APT. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
A
by Trader_Johnni
1
Z1P : 20% BREAK INCOMING! ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world. When the market reopens on monday I can see a couple of things happening. 1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into the corner, 20% TARGET - Respecting Uptrend - Buyer Volume Present -Covid19 crisis still taking a toll on the economy (People still borrowing) If we do break the equilibrium my next target would be the 4.14 Equilibrium. Careful though as 'Bearish Divergence' could follow. 2: The Resistance holds and we break trend, returning to 'Previous Support' 10% TARGET -Uptrend Trendline Breaks -Double Top Confirms -MACD crosses -.236 Fib Breaks 3: Previous Support Fails and we fall to 2.84 Support. 15% TARGET -Breaks .236 & .382 Fibs -Healthy Retrace after 230% move -MACD will have crossed -Center BB will have failed NOTE: There is an OPEN GAP sitting inside the 'Golden Pocket'. Do not be surprised if we see this fill. Offering simple interest free and flexible repayment options, Strong Retail Affiliations and having an App in the Top 10 of Google Play and Apple, it's easy to see why Z1P is doing so well. They are up $45Million in revenue and have nearly cracked 2 Million Users. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:ZIP
by Trader_Johnni
1
Bitcoin to $1000000 by Q3 2021? Vibrational AnalysisOkay this is too good to be true, but charts seldom lie. Applying the principles of vibration to the Bitcoin market, it is quite evident that the price of Bitcoin is aiming 1 million by Q3 2021. However it is hard to personally believe this, so sharing this analysis for the community's feedback. Time Cycle - 34 Days and 5 days gap for the next cycle to begin. Equilibrium of BTC vibration - Ascending Equilibrium of USD (DXY) vibration - Descending The only way Bitcoin goes to 1 million is when the money starts leaving fiat. It is indeed a brave new decade in a brave new world. The possibilities are endless. What do you guys think?
Editors' picks
BITSTAMP:BTCUSDLong
by thathanka
17
BTC - $6000 INBOUNDBitcoin - After 72 days in an Uptrend and crushing 180% is this time for a Major reversal? - 180% Rise with no Major Retrace - Daily Uptrend Broken - Failed to Break Major EQ at 9250-9300 - Failed to break Center BB - MACD continuing to spread - Selling Volume returning to the market - RSI Neutral and has room to move - Short entered with stop loss above previous structure. - Targets set at Fib Levels which also correspond with EQ's. - This will now see us re enter the Descending Broadening Wedge which started in JULY 2019 These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
BITMEX:BTCUSD.P
by Trader_Johnni
GOLD Equilibrium| Structural Resistance| Trade Set UpToday’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break Points to consider, - Confirmed break and retest for validation - Define risk at recent swing low - Technical target at HTF resistance - Price action to monitor Gold needs to break its current resistance and establish a retest which will allow for a long entry. Risk will be associated with the most recent swing low as this is a breakout trade with a quick invalidation. The technical target is association at structural resistance, strong pivot area where price action can help with the directional bias. Overall, in my opinion, GOLD will break out of this equilibrium; a long trade will be valid upon a bullish break with the technical target being structural resistance. A break below support will invalidate the trade setup What are your thoughts? Please leave a like and comment, And remember, By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.” Larry Hite.
TVC:GOLDLong
by AzizKhanZamani
2
BIOTRON - Primed to MOVE!Watching BIOTRON closely. 2 Scenarios: 1. Break of internal trend within the symmetrical triangle will see us return to the .065-.080 region (AREA OF INTEREST). -We've had 2 bounces on the .382 Fib region creating a double top @ .115 Equilibrium -Break of internal uptrend trendline. -Currently broken the center band of bollinger bands. -We've also had a death cross on MACD and is starting to spread. -Waiting on break of support at .088 2. If POSITIVE results are announced shortly for any of BIOTRONS Projects/Programs (Anti Viral Drug Program, HIV Program, HBV Program) We should see a break out of Symmetrical Triangle. -Break of downtrend possible. -Retest of .011 Equilibrium VERY possible. -New Market Structure will form with Higher LOW & Higher HIGH. -Volume will be brought back into the market. -My next target would be major resistance at .014 A very interesting company with real world prospects. I have been following them since the earlier in the year, with Phase 2 HIV-1 Clinical Trials being successful, HBV Pre-Clinical Trials and work on Anti Viral Drug Development with a keen interest on Covid-19. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:BIT
by Trader_Johnni
2
LUV Daily Tightening RangeLUV is clearly tightening on the daily timeframe with a series of lower highs and higher lows, forming an equilibrium pattern, triangle, whatever you want to call it. The point is that the break is imminent and it’s direction will likely be dictated by the stock price’s reaction to earnings next week. The most important levels right now are 29.73 support (and 29.15, the dump low, which is so close to 29.73 that if we break 29.73 we are also likely to break 29.15) and 37.31 resistance, then 43.56 resistance. Bulls are going to have a harder time than the bears on a bull break of 37.31 simply because the next resistance is so far away whereas bears can slice through both supports at once if we break down from here. From here I would fully expect another higher low to be set in a few days in order for the range to continue to tighten. Look for a trend change on the hourly from lower highs and lower lows to higher lows and higher highs to signal that the daily higher low is set. About the break: the bears have the weekly and monthly down trends in their favor. However, for monthly chart, this the first time since 2012 that RSI is around 30 (oversold levels) so I would expect a monthly oversold bounce to take place before we can continue to lower lows. Whether that monthly bounce comes on a bull break of this daily equilibrium or a rally from the lows after this equilibrium breaks bearish I can’t say. We are closer to breaking support than we are to resistance right now, but I am expecting a daily higher low to form and a bounce to potentially form a daily lower high after that. Compared to other airlines (UAL, DAL, AAL) LUV stood out during the dump as the most resilient. On the one hand, I might expect LUV to be a lead bull if this equilibrium breaks bullish due to how well relatively it fared vs other airlines but on the other hand, there is a huge zone of previous support now resistance at ~$45 level. Compare this to other airlines which barely formed any support on the way down and will therefore have much less resistance on the way up if we do break bullish from here. Thanks for reading. Hope this makes sense.
NYSE:LUV
by Roxhat
1