OCEAN Primed for Positive Price Action?: Inverse H&SCrypto Traders,
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Analysis:
Vol. decline, therefore negative trend strength weakening over time. However, could still see more negative price action to the $0.70 region, which would be a solid entry point. If the bottom trend line (white line) should hold, could see a possible inverse H&S pattern playout, where the neckline would approx be @$1.05.
Fiblevels
BTCUSDT major supports and resistances based on FibonacciRed trendline resistance zone now is the most important resistance and any breakout to the upside then we have the first sign for a bullish market.
Strong support zones ahead:
A. 55500$
B. 53300$
C. 49000$
Strong resistance zones ahead:
A. 59300$
B. 61000$
C. 63000$
DISCLAIMER: ((trade based on your own decision ))
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ETH/USD, 4h, 24 Oct - Ichimoku, Fib Levels - Hop & Skip up.Here we can see a really nice squeeze going on.
We've been getting a solid pinch before opening up and bouncing off Kumo.
We recently broke out of the bigger wedge, and are riding between the two tops.
Looking at MACD, it seems we're ready for another hop & skip upwards.
Right on time for the update on the 27th.
:) :)
ETH Prime and Ready: Major Nov GainZMy Fellow Crypto Traders,
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Analysis:
RSI double top, w/ negative trend, which reflects on price action as well. Possible repeat of double bottom formation @ $2800 region for support confirmation. Whales could step in @ the 200EMA (white line) level for support. As Eth respects the green upward trend line, retest of trend could be great buying opportunities. Also BB are over expanded, which is a signal for the market is over saturated. Good opportunity would be once BB flattens out and contracts at a region of support, which could be around the $2800 to $3000 region.
Good Speed, and this is not trading advice, but my opinion on market projection.
ETH/USD, W, Ichimoku, Fib LevelsLines of wedge drawn from Daily level: Upper from ATH, lower from Jan.
Verticals (Eyes) are on the 27 Oct update, and where the wedge terminates - right around the estimated update to 2.0 sometime around May.
Smiley just for fun.
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Previous chart a couple weeks ago looked like we'd be going down a bit closer to Kumo before this next update. Moved up instead (probably from anticipation), and got the bonk at the top of the wedge. We'll see what happens these next couple weeks.
-Recent volume looks low compared to the rest of the year. Seems a lot of folks are waiting.
-Fib levels look like they're starting to squeeze in a bit, though still generally upwards & parallel. Seems like it needs a good pinch before really opening up.
-MACD & RSI both looking like they want to turn down, but could do like last week. Again, we'll see how this update goes.
-Overall these indicators look sideways, hinting slightly down. We've got a nice Kumo shelf going on, though, so there should be plenty support.
Unless something incredibly positive or negative happens, it still looks like a chill ride to 2.0 :)
GRINDWELL - Bullish MomentumGRINDWELL looks good above 1287 levels.
- Has been trending since the Range BO
- Looks ready for the next ladder targets
- Strong RSI levels and volumes in the past few days.
One can go long above 1287 levels with SL of 1150 DCB.
Rest all the key levels are marked in the chart itself.
Argument for Shorting TECK.It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out. Normally, I am trying to do all of this in my head, so it felt really good to write it down on the chart for once.
Definitely need to refine this approach. From my perspective it is like if you were training to run a marathon by running for 30 miles. The marathon will never be easy, but compared to 30 miles maybe it will be achievable with regularity.
Realistically, I'm the 400/800 guy, but I prefer my suffering long and drawn out L.O.L.
The interesting case of NXPI.It is now 4 hours into the day and I have analyzed a grand total of 10 stocks. I am clearing a lot of clutter out of my head though. If they ever pass a law that keeps U.S. markets open over weekends... I would worry for a lot of people's sanity. Chiefly my own.
Can someone explain to me what a Gann is? And what you do with it? Or give me some leads at least?
The LINK Move We All Been Waiting For!My Fellow Crypto Traders,
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ANALYSIS:
After LINK took a heavy dump, it is now primed to make strong positive price action. The 9EMA and the 20EMA are looking to have positive crossovers. Therefore, a good entry would be around $12.32 to $12.56, which is where we could see the 4 wave dip.
Bitcoin - The NEXT leg UP!Hello my fellow Bitcoinistas!
Boy times are getting exciting are they not? Now that we have hit blue skies there is nothing but the current price action to give us clues as to where we are and where we are going. For those of you day trading I pray for you. You will most likely get whipsawed in and out of thousands of dollars. For all you fellow hodlers out there I know you are smiling ear to ear at this point.
Be that as it may, if the pink line on this chart does not get violated to the downside I think we are basing for another move NORTH! Do I care either way? NO. After 8 years of following and buying Bitcoin dips my DCA is well below the 4 year moving average at this point. In other words YOU CAN'T PUSH BITCOIN LOW ENOUGH TO CHASE ME OFF MY HODL POSITION!
That, in my opinion, should be EVERYBODY'S goal. Keep buying the dips and building as low a DCA price as you can. When Bitcoin runs away from that level you can sleep well at night with a big smile on your face.
If you can't sleep at night it is probably because: 1. You don't understand Bitcoin and you are just throwing money at the wall and hoping it will stick. OR 2. You are playing with leverage and you know any major swing can wipe you out. OR 3. You have too much on the line that YOU CAN NOT AFFORD to keep tied up for the next 2 years.
If this is YOU, fix the problem. 1. Educate yourself 2. Stop using leverage trades 3. Only put in a little at a time so that you won't miss it if the price drops for a while. If the price does drop 5-10% but a little more. Rinse and repeat.
Good luck everybody. I wish you all the very best outcome no matter how you decide to play this game.
BBS Out!
MATIC: Great Time To Buy The DipMy Crypto Trading Comrades,
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ANALYSIS:
Expecting MATIC to drop below the 786 fib, as 9EMA is looking to cross the downside, where MATIC could find support @ the S1 ($0.01751). However, w/ the 20 and the 50 EMA also dipping to the downside, it is possible both can cross the 200EMA in which MATIC can dip to the 015 fib level.
YFI - 4H - Potential Swing Trade Opportunity! 20%+YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart.
Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge.
Indicators on this chart are all looking nice for further growth.
Volume has dropped, good potential for a breakout from the wedge when we see a volume spike.
Next targets are mapped. SL below the teal uptrend line if you're getting in on the bounce.
Thanks for reading and have a great weekend. This isn't financial advice.
NZDUSD SHORT we can see price has broken the 4h trend line and the minor support with a big bearish momentum candle and has respected the 4h key support and will probably make a correction to retest the previous broken support
so what do we see?
broken trendline and structure
Big bear momentum THE SELLERS ARE HERE
area of confluences price has respected the previous broken trend line and resistance creating a double top M formation
the HH levels on the way up to retest also shows bearish divergence
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waiting for price to make a LL to enter a short with big bear candle
we can also lay out our fib levels to see where that correction can come to
Ethereum/TEtherUS Elliote Wave setup BinanceHello, Guys
Now Ethereum has Riding on impulse wave 5 and has Expected to shift on corrective of ABC wave.
When you extend Third-wave that did travel more than 161.8% at 230 of Wave-1 is considered as an Extending Wave.
@ 4 Wave completed at 200
Now if you can Like to entry in ethereum according to wave principle you can average your Shorting position until 250 -260 or shorting between this area.
Use minimum leverage for creating your average shorting position!
Thanks
long AALWith the idea that we are seeing the light at the end of the tunnel. Many states are opening up even in phases. AAL will rise with the markets.
looks like it might even be able to reach $13 if not the end of this week then by the end of next week.
The only thing I can see slow down progress for airline stocks is another outbreak of the virus. They will also not be back in full capacity I understand that 100% In fact I have Airline workers that have said they will cut the capacity by %30 which may increase rates by 30%+