Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
Linear
Propy’s Linear chart has a more realistic invh&s targetI posted my previous Propy chart on here before realizing I had the chart mode set to logarithmic. Log charts also do usually reach their targets as well but sometimes it can take multiple bull runs to hit the really high targets on a logarithmic chart. So I thought it would be wise to switch the chart to linear and show what the linear breakout target would be for the inverse head and shoulders target as it has a much higher probability of reaching this target within a month or few of it validating the inv h&s breakout. We can see the target for the pattern on the linear chart is considerably lower and only at $5.60 instead of the $42 price the log chart has the measured move target at. I can believe that propy could eventually hit $42 but theres no guarantee that happens this bull run, sometimes log chart targets take multiple bull runs to get reached. That being said, it is still very possible propy could reach such a price this bull run, so its wise to include that price target as a real possibility, but also even wiser to not consider it a certainty by any means(at least not for the current bullrun). For now I’m setting my pragmatic sights for the invh&s breakout target at around $5.60(depending on whenever the breakout is actually validated which could take many more dips back below the neckline first) *not financial advice*
XAUUSD IntradayTraders,
Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome.
Here's a breakdown of our analysis:
Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the channel.
4-Hour Chart: Strong support and resistance levels have been breached, signaling potential upward momentum.
Intraday: Early hours of today's candle presented favorable trading opportunities, although reversals could also serve as viable entry points for short positions.
Exercise caution and adapt your strategy in response to evolving market conditions.
Best regards,
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
Linear Regression Second Derivative and Breakout Signal ScriptsUsing Linear Regression of Second Derivative script, we can see that the momentum is down, but that down momentum is actually decreasing, as the downward histogram is making a higher low compared to prior histogram. Also, Breakout Signals script is showing yellow squares at the bottom. This means that the EMAs are stacked correctly, there is a compression(it’s getting ready for a move), the velocity is increasing(price is accelerating) and the DI+ is increasing and DI- is decreasing. All these factors, when combined, give us a high probability that the coin will go up(although nothing is guaranteed in trading which is why we are using stops to protect ourselves from losses)
Our Target is the top of that Keltner Channel which has a length of 21, multiplier of 2.86 and ATR length of 14.
NASDAQ 100 (NDQ100 Eightcap) BUY SIGNAL 7am 7-28-2023
Candle close SIGNAL BUY. EVERY INDICATOR IS BULLISH WITH STRAGETY SIGNAL.
price targets are 15702 21 hrs avg trade
15748 30 hrs avg trade
THIS A TEST TO SEE HOW THE STRAGETY PLAYS OUT.
1.66 LOTS.
stop loss at sell signal(candle close)/g-trend line
Linear Lina price ready for impulse movementAt the previous LinaUsdt price "pumps", buyers were still unable to push the price to a strong liquidity zone of $0.032-0.036
Do you think this time it will be possible to push the Lina price to TP 2?
Or will the growth stop at TP 1?
Or maybe you don't believe that there will be growth at all, and after tomorrow's announcement of the new US CPI (12/07), you expect a strong collapse of the crypto market?
Write your options in the comments below the idea.
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BTC bullish potential (30-33k) within the next weeksA careful examination of the 9-12D timeframes using the Ocean Channel indicates that BTC has established robust support around the 26-27k level, while DXY is showcasing bullish momentum but is fast approaching potential resistance around the 103-104 mark.
The DXY has been exhibiting a bullish trend after the significant retracement. However, the index's rapid ascent is beginning to show signs of overextension in the short term, with the DXY encountering potential resistance in the 103-104 region. This fast-paced movement and the resistance level suggest that the DXY could witness a retracement soon, likely down toward the 102 mark.
Given the robust support BTC has found around the 26-27k range, there is a reasonable expectation that it could witness an uptick in value over the next few weeks, potentially reaching the 30-33k range. This prediction is based on the inverse correlation between the DXY and BTC.
However, while the forecast is generally optimistic for BTC, it is crucial to remember that this may not signal the beginning of a bullish run for the digital asset. This cautious outlook is due to the substantial resistance BTC faces in the higher timeframes. Furthermore, the DXY showcases significant support around the 100 level, adding another layer of complexity to the overall scenario.
Disclaimer: This analysis is provided for educational purposes only and should not be considered financial advice. It represents an interpretation of the current market trends and does not guarantee future market movements. Always conduct your analysis and consult a financial advisor before making investment decisions. Trading and investing involve risks, including the potential loss of investment.
$LINA/USDT 2h (#Bybit) Ascending channel on resistanceLinear faked-out and got rejected forming an evening star with a shooting star on local top, a retracement down would make sense.
⚡️⚡️ #LINA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 4.9%
Current Price:
0.01703
Entry Zone:
0.01719 - 0.01835
Take-Profit Targets:
1) 0.01508
2) 0.01305
3) 0.01103
Stop Targets:
1) 0.02002
Published By: @Zblaba
$LINA #LINAUSDT #Linear #DeFi
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.4% | +85.0% | +121.4%%
Possible Loss= -40.5%
Estimated Gaintime= 5-10 days
linear.finance
Linear Finance is putting "something" into the future Lina priceLooking at the LINAUSDT chart, we can assume that MM is preparing for "something interesting."
Who has thoroughly analyzed the Linear Finance project? What is so interesting is about to happen that the Lina price is pressuring up as if a strong breakout is being prepared? Write pls about it in the comments.
In our opinion, if there are no dramatic changes in the mood of the crypto market, buying LINA around $0.0125 can be prudent.
The medium-term growth target is $0.0335.
Long-term growth target - $0.0865
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Aussie depends on the economic conditions of ChinaWhile so many analysts believe that China will reduce Covid-19 restrictions and Aussie will start a bullish rally, I think authoritarian regimes do not care about demonstrations. Because giving importance to demonstrations is a message to the people that you will get the rest of your rights with demonstrations.
So any bullish breakout may turn out to be a false one. I'm looking for short trades now!
BTC's Logarithmic TL vs. Linear TL: Vote Now!Primary Chart: BTC's Logarithmic Trendline from the All-Time High to the Present Date
BTCUSD's current down trendline reflecting the primary trend can be drawn on either a logarithmic or linear chart. Both charts are used in technical analysis. Logarithmic charts tend to be better at conveying accurate proportions of price action on charts covering a lengthy period of time and a broad span of price action.
In the case of BTC, why does it matter? Look at the down trendline drawn on a linear chart (Supplementary Chart below) connecting the same all-time high in November 2021 and the March 28-April 5, 2022 peaks. Notice the breakout?
Supplementary Chart: BTC's Linear Trendline from the All-Time High to Present Date
Other evidence suggests that the downtrend is not over yet and new lows are likely. But the choppy and trap-filled price action since June 2022 has made it difficult for any directional traders long or short.
Care to vote in the comments? It's probably true that each vote reflects the conclusions each of us has reached, and our general market expectations. My vote is that the logarithmic chart is the better TL. But my posts have remained fairly bearish this year, so this may reflect my underlying expectation that no new uptrend is being established in crypto assets despite any sharp bear rallies in the near term.
Here are some of the technical reasons (in prior posts linked below) for remaining bearish. But for each of these reasons, there may be other keen technical or fundamental arguments being made for why the lows are very near.
Bearish arguments in prior posts:
Have a great trading week!
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
LINA a good situation for spotLinear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities , forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens.
The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable trading of a variety of Liquids with rapid confirmation times and robust security.
LINA is an ERC-20 token built on the Ethereum network whose main purpose is as collateral for Liquids (using Buildr) and for community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.
The main goal of Linear is to provide a superior user experience with better scalability and greater speed thanks to the cross-chain capabilities of the protocol. Linear Finance intends to provide a simple solution for users that want exposure to traditional assets while still benefiting from the features enabled only by blockchain technology.
Buy setup
Entry : 0.0064 - 0.00775
SL : 0.0055
TP1: 0.008
TP2: 0.0083
TP3: 0.0086
TP4: 0.009
TP5: 0.0095
TP6: 0.0105
TP7: 0.0115
TP8: 0.013
TP9: 0.015
TP10: 0.0175
TP11: 0.02
TP12: 0.024
TP13: 0.028
TP14: 0.0342
Spot
Run and keep it enjoy
Follow me! Copy my trades :)
Heavy resistance at 0.012c - expect a short term reset to 0.0083I saw heavy sell orders in Binance around 0.012 mark. Though the sell orders aren't that massive - around 50 million LINA
BTC, SPX RSI shows overbought conditions, a correction is due, this will reset LINA too.
Though RSI shows bottoming process in LINA, the Huobi one is most accurate, because it was listed first over there. Actual price of LINA was 0.001 during listing but we went to
0.021 on listing day then 0.005, this isn't listed anywhere on TradingView.
The supply was three to four times less around 2021 Q1. at 40 M market cap we were around 0.04 price range, now at 40M cap we are around 0.01.
APY fluctuated between 80% at 0.10 and 160% at 0.005, now it is 95% at 0.001, which is still good fundamentally.
BTC my chart of the month and where i look for resistanceChart is self explanatory. just a possibility. this chart uses monthly camarilla pivots and CPR. linear regression. custom oscillation. maybe find resistance around here up to H3. and if we do... maybe new lows at L3. all of this invalidated above H4