BBBY: Trading the Meme This stock is all over the news these days.
Many pro traders in the biggest banks are shorting this stock; WSB is longing.
Looking at the monthly structure, it is looking better for bulls in my books. Though some of the juice has already been squeezed, it still has room for further upside for long exposure. For those not in it by now, it will be increasingly more challenging to have a good risk profile from here. At least a 20 dollar per share downside risk if one is to be exposed to short risk at the current market price.
Following this stock as it has some wild moves and will update if anything interesting is happening.
Cheers!
Gann Box
SELL LIMIT ORDER ON AUDUSD ACCORDING TO MY TECHNICAL ANALYSIS.Educational Analysis says AUDUSD may go SHORT. According to my technical.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why SHORT?
On 4HR AND 1HR timeframe pair is making LOWER HIGH AND LOWER LOWS.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
On 15 min timeframe, the pair changes its character and the price push toward also pair breaks the major structure
SELL LIMIT ENTRY:- 0.69786
STOP LOSS:- 0.69828
TAKE PROFIT:- 0.66273
$ADA Cardano - potential range break outOK here we go with a potential break out of the range for $ADA
What i like about this setup is there was a swing fail pattern when price previously took out the top of the range and dropped back to the mid range/20 period SMA where buyers stepped in, since then we have rallied to the range highs again and i think its likely we see a break out, considering there is an overall bullish trend at the moment in crypto
tldr
entry 0.5156 ish
target 0.5336 ish (top of the break down candle close)
stop 0.501 below the mid range level
follow me on my twitter :)
SHOP: RECTANGLE PATTERNSHOP (SHOPIFY)
Nice rectangle pattern with prices ranging 30 and 40.
Rectangle can be either continuation or bottoming/reversal patterns.
Now trying to break the top of the rectangle . Price also above EMA 50 which is positive.
A firm break of 40 would trigger a long trade to 54, with numerous resistances on the way, including a gap (see lines on the chart).
Stop loss just below the 50EMA
Trade safe!
NVAX again - it's party time with GANNAfter 6 months of suffering, next 2 weeks will be pay-week for NVAX investors. My chart should be self-explanatory, of course there are pullback along the way, I'll let you figure this out on your own. It took me sometime to put this together. So enjoy. Hopefully some of these come out correctly :)
(This is a near term chart - the white line is the trend line)
BTCUSD: Preparing Positional Long EntrySince our last post, the BTCUSD market went through a corrective phase that brought the price to the mid20k level, the lowest price since the onset of the price discovery phase when the prior ATH was left behind with a bang. It is an exceptionally well-behaved market despite the turmoil that many other DeFi projects incl. stable coins have been going through. It seems reasonable to be looking for opportunities to add to long exposure in this market as the risk/reward is becoming more attractive.
Key events/levels to look for clues:
25k bottom retest;
25k bottom retest +break = 7.5k extension lower;
17.5k - 22.5k as a major bottom.
INDEX:BTCUSD is at a very pivotal moment and opportunities always come with risk, do manage the risk accordingly.
Staying tuned for further tells.
eth leaving out of ANGER wall street cheat sheet MUST WATCHeth is starting to show signs of capitulation on 4hr time frame . I love the 4hr because it can be a great tool to really see how the market is moving .. i see eth possibly coming back to 1275 area or higher before the next "big" drop
like or comment on the idea tell me what you think
More Swinging to Come for EtheriumThere's an upside for the story: there's an upside for Ethereum on the short term. The downside is that the medium future is rather bleak. Etherium's curve seems to be going through a classical shedding phase since a while. From a geometrical perspective, it is hard to imagine a reversal soon; on the contrary, an avalanche similar to what happened with Bitcoin a few months ago is about to come, especially due to the correlation with the macro economy which will continue to struggle for a while.
Trend curve projections show that next week is a prominent challenge to the current surge. I expect ETH to struggle a bit but then move up for a while until it reaches the upper consolidation area about 2500, the upper bound of the forming triangle. That's when everyone would start thinking that Crypto is back and dream about the 100 million in their banks next year. Institutional traders and whales, meanwhile, will have made their millions already and will initiate selling, knowing that the current economy and the physics of the market can't support higher levels. An avalanche would ensue until it hits a bottom around 1300, touching the lower trend somewhere in August, perhaps, after breaking away from the lower bound of the triangle.
The theory is also supported by the volume profile which confirms the levels of the Gann charts.
BTCUSD (15/05/2022)Quick Analysis:
Bitcoin (4h)
It seems that the first consolidation of this fall has been formulated on the resistant zone of 30k. In this chart we can clearly see a new inverse shoulder-head-shoulder pattern, with a pair of shoulders on the first side increasing the possibility of a new second shoulder yet to be generated.
The turning point and volume entry for this figure seems quite close before consolidating a sideways move.
It should be remembered that these moments of purchase will be remembered as ideals in the future, greetings and a good start to the week.