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Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀 We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable. Here's a detailed breakdown: 15-minute chart: Ascending Triangle 1-hour chart: Ascending Triangle 4-hour chart: Bull Pennant Daily chart: Cup & Handle Weekly chart: Golden Cross Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
NYSE:GMELong
by impossiblebull
5
To infinity & BYON - $375-$660 BYON is replicating the same fractal from 2012-2018 but on a grander scale It has reached the end of its downtrend (B) and will soon resume Wave C - of equal length to A. In the short-term BYON is about to cross above a steep downtrend line (yellow), just like it did in May 2012 and April 2020. RSI is incredibly oversold on all timeframes (38 on 3D, 32 on W) but will soon exit the RSI bear zone (in red). Target of $375 (38x from current levels of $10.11) coincides with the 1.272 fibonacci level Extended target of $660 (66x from current levels) translates to 1.414 fib. Time target is flexible but around June 2026 will likely be a great time to exit, if targets are met. Last time out in Feb 2018, BYON hit 1.414 fib in Wave C. Simple stop-loss of $8,a break-down from current levels. BYON by name, Beyond by nature! Thanks for reading. P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small audience of users for a reasonable fee.
NYSE:BYONLong
by DigiDavid
$EXRD / $XRD HopiumHumans struggle to comprehend exponential curves, but the history of crypto has shown that the log chart it is the only rational TA method for mature projects. If Radix were to match the market cap of Solana CRYPTOCAP:SOL , its price would be ~$7.50. Radix's superior tech, narrative, and ecosystem could 10x that, and at the apex of the bull market 5-10x that again. Therefore, we are giving a price target of ~$200 before the end of the year, with Bitcoin at $400k by the same analysis.
Long
by libertant
A Tutorial on How to Use Keltner ChannelsLooking for a way to determine market trends and momentum? Keltner Channels may be the tool you’re looking for. This volatility-based indicator can help you get a clearer picture of the market and identify potential trading opportunities. In this article, we’ll take a closer look at Keltner Channels, how they work, and how you can use Keltner Channels in trading. What Is the Keltner Channel Indicator? The Keltner Channel is a popular indicator used to help determine trends, momentum, and potential reversal points in the market. Keltner Channels were invented by Chester Keltner in the 1960s, with a modified version being released in the 1980s. Keltner Channels consist of three lines plotted on a chart. The middle line is an exponential moving average (EMA). While the original Keltner Channel used a high-low range to plot the upper and lower lines, the updated version commonly found today uses Average True Range (ATR). The Keltner Channels expand and tighten based on volatility in the market. Given that most price action occurs within the bands, moves outside the channel are significant. They can indicate a strong trend forming, a breakout, or a potential reversal incoming, determined by price action and other technical indicators. Keltner Channels Settings Keltner Channels work across all timeframes, so feel free to use them in whichever period you feel most comfortable with. There are two components to the Keltner Channel: the EMA and ATR multiplier. The EMA is often set to 20 periods, providing a good balance between responsiveness and stability. The upper and lower bands are determined by a multiplier of the ATR. Two times the ATR is typical for many traders, but you can increase the number of signals by reducing the multiplier to 1 or 1.5. Be cautious that this may also increase the number of false signals you receive. To get the lower band, you need to multiply the ATR by a multiplier and subtract that number from the EMA. To get the upper band’s value, you need to multiply the ATR by a multiplier and add that number to the EMA. How to Use Keltner Channels Like other volatility-based indicators, like Bollinger Bands, there are multiple ways to interpret Keltner Channels. At its most basic, an upward-sloping channel indicates a bull trend, while a downward-sloping channel shows a bear trend. A flat channel means that the price is in a range. Most of the time, the price will bounce between the channels, using them as dynamic support/resistance levels. When a trend is strong, it tends to stick to the upper or lower bound, continually hitting the lines. A pullback to the EMA is where traders often jump on the trend. Additionally, Keltner Channels can be used to identify breakouts. This is most effective when following a range, as a break above the channel can indicate bullish momentum coming into the market and vice versa. Lastly, Keltner Channels can also signal oversold or overbought areas. A move outside of a bound that then closes back inside of the channel, usually within one or two candles, can indicate that a reversal is inbound. However, predicting reversals using Keltner Channels alone can be tricky, as the price will often retrace slightly before continuing to trend. It’s best to use Keltner Channels for trading trends and breakouts until you become more proficient with the indicator. Keltner Channel Trading Strategy Now that we have an idea of what Keltner Channels are, how to interpret them, and how to set them up, let’s look at some Keltner Channel trading systems. We’ll cover the two most effective applications: trend following and breakout trading. We’ve used the free TickTrader platform, offered by us at FXOpen, to demonstrate the strategies. To better understand how they work, you can try the TickTrader platform and use the Keltner Channel indicator for yourself. Trend Following Entry: You can wait for two consecutive closes outside of the band (indicating momentum) with a sloping channel, then enter on the retest of the EMA. For example, two candles close above the upper bound with an upward-sloping channel. Stop Loss: Just beyond the opposing bound. As the trend progresses, you could also trail the stop above or below swing points or the opposite line. Take Profit: Profit-taking is flexible here. You could begin to take profits the next time the price closes outside of the band and then moves back inside, or use a Fibonacci extension to project potential reversal levels. Alternatively, you might set a specific risk/reward ratio, like 1:3, and exit once you’re happy with your returns. In this example, we see the price bullishly moving outside the upper band with no signs of trend exhaustion. There’s also extra confluence from a larger overall bullish trend on the left-hand side, just off-screen. We then see the channels begin to slope downwards as bearish pressure enters the market with a large engulfing candle (entry 3). The EMA acted as an ideal place to enter in all three scenarios. Breakout Trading Example 1: Example 2: Entry: The first thing to look for is an extremely bullish or bearish candle that closes well beyond the channel. Often, it’ll stand out from recent price action and will have little to no wicks. You could also look for an additional close outside of the channel to qualify the signal if desired. Traders enter on the retest of the bound the price broke out from. Stop Loss: Since the idea is that momentum will continue with little movement back inside the channel, you could set a stop just above or below the EMA, depending on the direction of the trade, as seen in the first example. As in the second example, you might place the stop above or below the opposing band for a more conservative approach. Again, you can also choose to trail your stop, either just beyond the channel, above or below key swing points, and above or below the EMA. Take Profit: You could wait for the price to make another retest of the upper/lower bound once it moves beyond the high or low of your signal candle to start taking profits. Or, you could wait for a reversal candle to form, like a hammer or shooting star, that closes within the channel to take profits. In both examples, the price breaks out of the channel with momentum following a sideways range. Traders can jump in on the retest of the channel’s bands before the strong momentum continues. In the first example, a stop above the EMA would have been suitable, while it would have seen you stopped out in the second. But, taking a more conservative approach allowed us to ride the trend and potentially make more profit. What to Do Next You now have a comprehensive overview of Keltner Channels and how to apply them to the markets. However, understanding is just the first step in using Keltner Channels to trade. Here are some actionable steps you can follow to make the most out of the indicator: 1. Practice using Keltner Channels with live charts, using this article to complement your observations. You can use TickTrader to help you with this. 2. Note your observations, and try to come up with your own strategy. You could combine Keltner Channels with other indicators like RSI for extra entry confirmation. 3. Feeling ready to trade for real? You can open an FXOpen account and put your strategy to the test. 4. Expand your knowledge by reading up on related indicators, like Bollinger Bands and Average True Range. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSDEducation
by FXOpen
1
🌀MOVING AVERAGE AND ITS TYPES🌀 ❓Have you ever wondered what moving averages are and how they can benefit your financial decision-making? A moving average is a technical analysis tool that helps you visualize the trend of a particular stock, index or commodity over a specific period. It is calculated by adding together the closing prices of an asset for a certain number of periods and dividing them by that same number. ❗️Moving averages are used by traders and investors to identify trends and potential buying or selling opportunities in the market. There are various types of moving averages that one can use for their analysis. 🧿Simple Moving Average (SMA) The simple moving average is the most common type of moving average, and it is calculated by adding together the closing prices of a particular asset over a specific period and dividing that sum by the number of periods. For example, if you are using a 10-day SMA, you would add together the closing prices over the last 10 days and divide by 10. SMA’s are easy to calculate and interpret, making them popular among traders. 🧿Exponential Moving Average (EMA) EMA is another type of moving average that is widely used in technical analysis. It is similar to SMA, but it weighs recent prices more heavily than older prices, and as a result, it reacts more quickly to price changes. The EMA gives more importance to the most recent prices, making it more sensitive to market fluctuations. As a result, it is more useful in choppy and volatile markets. 🧿Weighted Moving Average (WMA) A weighted moving average gives more weight to recent prices than older prices, similar to EMA, but it differs in terms of its calculation method. Each price is assigned a weight depending on its position in the data series. Unlike the exponential moving average, the weighted moving average is also more suitable for markets with low volatility. 🗝Final Thoughts Moving averages provide a valuable tool for analyzing the market and identifying trends. While there are various types of moving averages, the choice of which one to use is entirely up to you based on your analysis and trading strategy. It is essential to remember that moving averages are just one of many technical indicators that traders use to make investment decisions. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
Microsoft Corporation [PRICETIMETABLE]Applying curves to mimic exponential slope function behind candle formation. Comparing to use of straight lines for identifying trends. Why? Since there is no straight lines in nature or most of physical processes. Market is alive entity which vibrates and application of straight lines is not exactly what I'm looking for. After new formed candles we will se how market behaved to such obstacles. It's like we're giving the market lead knowing it's nature of price in given time. Not reversing at this current fib means that it extends to next from starting point as whole fib (Fib expiration). More it accumulates, the more potent gets opposite market incentive. Alignment of Fib retracement of a wave to previous is sign that it is measured without imbalance. Mind violet zone or even better mind intersections with normal trendlines which proves interconnectedness of tables drawing tools which are actually based on candles. Evaluation a wave in terms of the other makes sense because of cause-effect chain emerging in respect to its timing. I labeled as Education/tutorial because I'll learn from market's behavior myself. Making it public so other people are also part of my journey.
NASDAQ:MSFT
by fract
5
Bitcoin longterm chartI thought it was time to make a longterm chart, with all these wrong charts going around, hehe. They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart. I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025. I am a bitcoin longterm bull, but one has to remain realistic. The cause of these growth cycles are the halvings, which lead to a supply shock with a subsequent rally. Every time. These are all guesstimates of course, but I think this chart is realistic. The very longterm goal of BTC, in 2030+, is at around 1 million USD imho. It won't go much higher afterwards, it can be seen as the final asymptotic price. The next peaks should be at around 100k in 2022, and around 300k in 2026. I hope this chart helps people understand the longterm growth dynamics of BTC :)
BNC:BLX
by SebastianofMoon
93
Is CHZ About to Start a New Bull Run?CHZ (Chiliz) is currently at support and appears to be trying to bounce back. What are the chances it will succeed? Let’s find out! The details: CHZ lost almost 90% of its value this year from its all-time high of $0.95. While this may sound like a lot, it is pretty common in the crypto market, especially when it comes to altcoins. Even Bitcoin lost around 86% of its value at one point. Bull Run Ahead? CHZ is currently priced at $0.11 as of January 6, 2023, and is very close to its 2022 low of $0.080, where we find the major support level. Support and resistance levels are not exact price points, but rather price areas with some room for interpretation. If a coin has bounced once from $0.085, the next time, it can also bounce from $0.080. In this current swing low, CHZ has reached $0.0970, which is in line with the support level, which ranges (more or less) from $0.10 to $0.09. CHZ has started pushing up quickly and is already showing signs of making a V-shaped recovery. The next stop is the 25 exponential moving average (EMA), which has been a pretty accurate mobile support and resistance. CHZ would need a break and close above the 25 EMA for the rally to continue. If a bull run commences, then the next resistance level stands between $0.26 and $0.29, which would be a 150% increase from the current price level. We have a minor resistance around $0.16, which is 40% higher than the current price, making a decent potential profit for this scenario. Looking Ahead: While many signs point to CHZ starting its bull run, we still need to be wary. CHZ showed signs in May 2022 that it was going to make a quick recovery, before plunging back down and finally recovering in July. Therefore, it may not be the best idea to enter with all of your funds, but rather a portion of it with the potential to enter more later on.
Long
by cryptohopper
1
BTC Super CyclesI know many of you will not like this idea. It is a pure speculation based on how the different values like time and percentage decline or rise. I know that time is completely impossible to predict, even prices can range dramatically +-1k%, so my purpose is to share my price view as realistic as possible. Every super cycle consists of two smaller ones. It is hard to get your head around that from 2018-2020 btc was just pausing and moving sideways in a massive range. It was not really a bear market from a supercycle perspective. What took btc 2 months in 2010, it takes almost 3 years right now. Each supercycle takes exponentially longer to play out, percentage gains in each cycle is also declining rapidly in log. fashion: -1st SC (3608943 %) -- 329 d -2nd SC (58398 %) -- 742 d -3rd SC (41981 %) -- 2492 d based on that percentage decline we could expect 30k% for the 4th one. Even if BTC falls to 2.5k it would still be above 700k by the end of the supercycle if 30k % is in the cards. It is just that it would quite possibly take 18-24 years (~7k days based on exp. increase). I expect this bear market to be similar to 2011 where price lost 93%. It is largely because stock market is expected to collapse in 2022 and BTC has never experienced that. Wherever it falls it will eventually rise back up even stronger. Bear markets between supercycles are also getting lengthened exponentially. Not that fast than bull runs but still they do: -1st bear market (-93 %) -- 161 d -2nd bear market (-86 %) -- 406 d due to having only 2 bear markets between the cycles it is even harder to predict how long it could take for the 3rd one as we don't even form exponential line growth from having only 2 values. Needles to say it is lengthening exponentially so to assume that it can take 3 years for the crash to finish is not completely unrealistic. Bottoms are also increasing exponentially: -1st $0.0009 -2nd $2.01 -3rd $163.88 -(4th $2300-$2800) I am not a financial advisor so non of this should be taken as a financial advise. Take care.
BNC:BLX
by CR35
5
Bitcoin 200-Day EMA Rejection Follow-UpThe analysis I posted yesterday about a likely 200-Day EMA rejection played out nicely. While the pattern played out as predicted, the fundamental backdrop got worse significantly faster than expected. Because of this I decided to leave my stop-loss as is instead of adjust for each price level. With how firm the resistance is holding up and the volume that we're selling I feel that closing my position at the 38,500 level (which would be the new stop-loss according to the first post) would be premature. I will break down my decision making process here: Chart Description Yellow flags indicate the position on each chart that the 200 day EMA was broken. Hourly chart shows 4 clear rejections of 42,000 after breaking down and a potential bear flag. Daily shows the sharp 200-day rejection as predicted yesterday as well as an approaching death cross. Analysis The first interesting move is a quadruple top after a support break. A key insight here is the volume bars during each rejection: 1 - relatively low volume with a higher volume pump off the bottom of the channel. This is about the spot where I made the post yesterday. 2 - high volume selloff which coincided with bearish news out of China. 3 - low volume bleed and reversal 4 - high volume selloff followed by potential bear flag. The reason I say potential here is because the green intervals have decently high volume compared to what I like to see for a clear flag. Although it seems to have dropped in the recent hours, this is still something I would like to confirm. The second item I'm interested in is the approaching death cross on the daily chart. The red line indicates the 20-day EMA is getting dangerously close to the 200-day EMA that is the focus of this trade. This puts bulls in a position where the clock is ticking down and there is no momentum anywhere to indicate that it can break over the resistance and hold it. I do feel like there will be a battle though which is part of the reason I don't want to move my stop-loss prematurely. With all this being said, I stuck to the plan for the profit taking and closed a small portion at target #1. I will be looking to re-enter at the top of the hourly channel and if we confirm a break below the channel. Since this situation is fluid it is important to be unattached. Although I am not seeing much for bulls right now it is important to not ignore something if it does pop up. For this reason, price targets and stop-losses may be getting adjusted as needed. If the death cross occurs I will be lowering my price targets significantly. As always, don't be blind to risks. There is still everything that was mentioned yesterday especially the unpredictability of news. If there is bullish advances re-analyze the trade and adjust as needed. Do not fall in love with a trade even if it looks solid in the moment.
COINBASE:BTCUSDShort
by Seth-Goldberg
Bitcoin 200-day EMA Rejection ShortPlay on rejection of 200-day EMA after bulls fail to break the downtrend with tight stop loss. Entry: 41,000 Stop Loss: 44,000 Target Price #1: 35,000 Target Price #2: 30,000 Target Price #3: 25,000 At each price target move stop loss to 10% over target value. Reasoning: First dip below 200-day EMA of the bull run. Sharp rejection possible. Potential government intervention in US and China. High volume selling along with increased volatility. Risks: Celebrity pumps can trigger tight stop losses on shorts. Rapid bounce after first drop indicates strong buying power ready to deploy. Bullish L2 news could cause rapid trend reversal to highs.
COINBASE:BTCUSDShort
by Seth-Goldberg
2