Jump
FTM UpdateFTM jump 11% since my post yesterday, has potential to do more but can book quick swing profits here.
Wyckoff theory and Volume tradingHere is a breakdown on LTC because some have complained about my call to short LTC. I have not changed my bias. I want to give an example of the phases as I see it now and what I am looking for before I go LONG. This will be interesting for breakout traders since they usually don't realize that the break and retest trade is contained within phase C and may or may not contain a spring. But when it does it is a type 1 schematic and we see it pinpointed with a volume pattern we call the stop hunt pattern. Currently we are in Phase B.
Cover your eyes now!This should bring out both bulls and bears! 😱
It's an amazing and long channel.
The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash.
I'm not into that debate. It's a dangerous one.
Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big problem.
There is a probability for the north and a breakout because of the ATR line on the 1-day time frame showing a sharp switch.
The the above only apply at this snapshot.
Have a look. If you have reasons to be bullish or bearish, have your say! 🙏👍
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Solana ready to jump?I think Solana will be supported in the green zone and will go up to its previous ceiling. I suggest you do not take the risk and sell it for $ 190.
Of course, we have to wait for the RSL14 to break its resistance line chart.
MACD chart agree with me.
Jump across the creek spring off the uptrend, to retest Jump across the creek spring off the uptrend, to retest 50-52k-ish
BTC Traders: Fasten Your Seatbelt BTC has successfully retraced 61.8% in the corrective waves (ABC) and we can consider this phase to be done. An overview on the H4 timeframe will tell us that BTC is in its 3rd wave (bullish) and longest. Round numbers are our next targets. Will it be able to reach the 60K by the end of the week ? Supply and Demand will tell, that's why you should fasten your seatbelt as we are heading to the moon with BTC.
Best of Luck !
MacroForex
ABSOLUTELY JUMPING FROM HEREas you can see at the last trade of my channel we exactly reached the 505 now we have been supported and we are on the way of braking out from high so i ssume the first short term target is ( 548 ) still not confirmed but this is an spicial area.
SORT-TERM ANALYZE HRM
Start rocket to the MoonSince the beginning of 2020, the action gradually falls , the jumps are very limited, which shows resistance.. Buyers are not able to overcome the various obstacles.
Finally, bitcoin cash is an investment opportunity. The price has not experienced high volatility in recent months, which means there is a strong recovery to be made. Investors should see this as an opportunity to make money. It is a more rare occasion at this level the! Accumulate losses and be at the lowest in the hours, days and month accumulated, the takeoff of the rocket is mitigated with a very strong also
BTCUSDTBitcoin has a very fundamental market
Due to the divergence of MACD and RSI, it is an upward trend.
$ZM/Zoom Wedge brokenWe see a demand base at $345-$280 blocking the price to drop as a result of the falling wedge caused by the Q3-4 transition.
After the stock jumps above the wedge (breaking the trend, see red circle), we see it respecting & hovering around the 382 support established and respected at the following dates (10th December '20, 16th November '20, 10th November '20, 10th September '20, and the 11th September '20) - the price adjusts above and below the support, before starting to push upwards - showing that it *is* being used as a support and not a resistance level.
I can see the stock reaching (at least) the dotted blue line as it was used as a resistance in September and December '20 but was also used as a support back in late September and early October '20.
Watch for the JumpI entered in a long position here at $52 for 30 contracts expiring at the end of January. Cashing out at $55 when it reaches the top of the trading range of the automatic rally.
#USDCHF 15M TF can rise upFX:USDCHF in 15 min TF made a triangle pattern and if just cross the upper line can be good situation to open buy position
BTC - Consolidation Ending? Wait for the volume!BTC is still sitting in the consolidation triangle I spoke of on Monday. Now we're getting deep into the triangle; as noted on the chart this area is not good for a breakout generally. The psychology of the market changes as consolidation lengthens, and in this case we have seen a big sell wall pop up at as our new upper resistance.
Volume has completely tanked as well. Volume decline + Volatility decline (consolidation) = big move soon.
If we break down I suspect a correction down to 13.4k area at least, potentially 12k, before we continue moving up. Moving up will require serious buy volume on the market with the new resistance wall forming.
