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DERO outlookHere we can see an ascending wedge and a head and shoulders pattern. At this moment we can also see that the price action is currently retesting the parallel channel and wedge. All options in this charts are still valid while it still can go both ways. If the parallel channel gets broken, close above and an impulsive move up, off course retrace lvls. are invalidated. If we will see a move down to the retrace lvls, the projection, expansion and extension lvls. for exiting probably will need some slight adjusting. Either way... no decisive moves as of yet. A little explanation on the projection lvls. downwards. A textbook head and shoulders downwards projection would be from head to neckline, now I have seen numerous variations on them, for example the same distance from head to neckline taken from the top right shoulder downwards. In some instances the length would be cut in half due to choppy price action and wicks. 1 to 3 are the more realistic buy-ins and 4 to 7 are the more highly likely lvls.! However this will pan out, we have several options to tackle this one, so choose one or two and be covered either way ;) Happy trading.
DLong
by rarekind
Kin 2021-2022 Bullrun projectionI am using the Trend Based Fib Extension so that we can get an idea of where Kin could possibly hit certain price zones based on fib numbers. Of course, this could be wrong but Fibonacci zones are crucial in making some kind of connection with a future outcome. I am still bullish on Kin reaching a possible $0.01 price target but more conservative at $0.005. Notice that I have February as the possible sell-off dates for Kin and I base this on the previous historical information on the bear cycle from 2014 and 2018. When we reach a peak for Bitcoin the Altcoin go absolutely parabolic and this is what I see happening in February if Bitcoin Peakes out on January 3rd of 2022. What we do know is that when Bitcoin peaks out we usually have between 3 to 4 weeks of parabolic price moves in the Altcoins.
FTX:KINUSDLong
by altcoinb
5
BTC Approaching To The End Of Its Cycle Even though the excitement is huge right now for BTC going to 100k or even past it, i think this will not happen for a few reasons. Aside from TA, if you've been in the previous cycles you know that whenever everyone thinks btc will reach certain target or go beyond, this price is never reached. Excitement is however needed, because it creates liquidity for whales to dump their BTC to retail investors who are chasing those last few % in BTC (while altcoins go nuts). Now to the TA. If you extend fib. ext. levels over the previous bull run you get 4.236 extension level that takes us to roughly 75k. Also if you put 2011-2013 super cycle on the bottom of 2015 (the start of 2017 bull run) you see how we also get to that 75-85k target. Not only that but we also see similarities between 2017 and 2013 bull run where top and bottoms came in 2018. If those targets where respected in 2017, there is no reason why the final target would not be 75k this year. Maybe the final blow of top will get us to 85k but i hardly believe we go beyond that. I want to also point out that even though BTC is at the very end of its cycle, it is where huge rotation of money goes into alts. Primarily to those that are still very below its previous ATH. (XRP, DASH, ZEC, EOS, BCH,...) I am not a financial advisor so non of this should be taken as a financial advise, stay safe and be well. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
2
Retracements and Expectations👨‍🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the board or the amount of "spring" it has 👇 🤔 Imagine we we have 4 different boards, all with a different amount of springs and we are going to drop the same amount of weight ⚖️ from the same height onto each board. When we drop the weight onto the board that has lots of springs, it wont retract far before launching the weight high 🚀 If we drop the weight on a board that has a less springs it will retract further, but have less strength to launch the weight very high 🛫 If we drop the weight onto a board that has barely any springs then it will retract a lot and then struggle to even launch the weight higher than the height it was dropped from 😤 In this analogy..... The height we dropped the weight from, is the top of the impulse move 📈 The different boards are the different fib retracement levels 🧮 The springs are the buyers at those levels 💵 How far it throws the weight is the strength or price action of the extension 💪 👉 A Bounce on the 382 tells us that there are plenty of buyers wanting to enter this market asap, this is a good sign that the extension could be strong. I like to target the 1.618 extension and or match it up to a level of resistance close by 👉 A bounce on the 50 tells me there is still a lot of bullish momentum but buyers where happy to buy it much lower, I'll still consider this bullish and target the 1.272 extension and match it up with some resistance close by or front run the level if I have to. 👉 A bounce on the 618 I dont really consider to be a strong move, I feel we will get a good bounce and may extend further, but I play close attention to the previous high incase we double top. I will look for things like candle stick reactions and use the CCI to spot divergence if momentum is lacking. 👉 A bounce on the 782 I consider a failure of the trend, I will expect buyers to still step in, but it will be a weak bounce and only really look to target other fib levels inside the retracement as potential resistance and this trade becomes more of a short term scalp. I hope this makes sense and adds some value to your trading, peace ✌️
OANDA:SPX500USDEducation
by DeNomics
9
Bullish 2.00 ExtensionBullish 2.00 Extension appearing on a 15m chart of XAUUSD The chart reveals a potential emerging trading opportunity. Will be trying to buy this market with a limit order at the 0.236 level after testing the 0.618 level plotted on chart. Stops will be at prior lows with profit target sitting at prior highs. Will be moving stops to break even after a 2nd attempt at the 0.618 level. Additional profit targets sitting at 1.272 and 1.618 AB extension. Good luck to everyone trading gold!
OANDA:XAUUSD
by MikulovicFOREX
ETHBTC - no major resistance aheadHello all, The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance. What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated and as we know this indicator is of critical importance for the market cycle, especially in crypto where it has perfectly marked the beginning and end of bull and bear markets. The next zone of interest for traders will be the one around 0.57, which as visible on the chart, has always been a tough line to surpass. This first target is at 14 percent distance from the current price. Second target will be - 0.73 at 44 percent distance. Goin back to the 1-day chart we will be looking for support around the last visited high at 0.45-0.47 (in combination with the uptrend diagonal) and then the already mentioned 0.35-0.37 zone. Regards,
Long
by FutureBlockchain
TSLA - Here we go (up) againAfter hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off here and 2. formed a bullish engulfing candle 3 bullish divergence seen between price and stochastics Those who go long now will need to put the initial stop loss below it's last low of 666 (perhaps as low as 658). Should this trade fail, retest at the next significant support around 591. Should the trade works out (which at this point the odds looks good), consider to take partial profits @ 780, then 900-925 and finally 1000. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
NASDAQ:TSLALong
by Juliac
2
PolkaDOT fighting for life! This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made. For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has some slight resistance and would also show a reversal into a short-term bull trend. From there we could expect it to make it back to where it was consolidating before the crash. For a short position, It's getting close to breaking through the previous support after that flash crash. From there I could assume that it will climb downwards to test the next support level. But... after that, if that breaks. It won't be pretty. All the gains from March and April would be erased and I would then predict a bear trend for Dot. While the project has a lot of hype and overall I expect the bull trend to continue it all mainly depends on one large factor. BITCOIN. Only time will tell. NOTE: This is not financial advice. Enter your own trades at your own risk with a plan!
KRAKEN:DOTUSD
by Simple_Crypto