$ACWX decision point!Unclear what is going to happen... probably not a good idea to trade this right now.
Can trade small position within the channel, although risky to trade against the trend...
Bull case:
potential bull flag setup
good relative value (in terms of performance) to S&P 500
holding peak-price support from 2017 so far
better to wait for confirmation of bull flag?
Bear case:
touching medium/long-term (2011) channel resistance
RSI-W at low levels, but not oversold yet
Long-term
LUNA playLong play for luna. Long until the blue line if breaks we could see massive uptrend if not, you know what to do
Good time to load up on ALT's or your favorite projectsAs per crypto, Volatility has been quite interesting to watch.
We're headed for hyperinflation due to sh*tty fiscal policy by most governments, I think crypto assets will always have a place.
Floating above the 200EMA, bounced off the trendline nicely and still on course. I honestly think 1T is a good floor price, so much growth for protocols and digital utilization.
It's a new paradigm as they say, power to the people. It would be a good time to load up if you are willing to risk it and forget till 2030.
(Disclaimer, not financial advice, just my opinion)
LTCBTC - Don't miss the 7x growthBINANCE:LTCBTC triple divergence on the MACD on the 1W timeframe. This was only in 2017, after which LTC grew 7 times. Now the price is at a minimum since 2017, with a similar divergence.
At the same time, there is a strong downtrend on 1W. And if this week closes below 0.002994, there is a high probability of falling to the area of 0.002091 - 0.002464. There are also no reversal setups on 1D yet.
I plan to buy LTC 10% of the amount from the current ones. The rest of the amount is distributed in the range of the expected fall, or I will wait for a good setup on 1D to enter.
USDCHF - Reversal Sign - Weekly Sideway Movement (TP : 0.747)
Analysis : Double Bottom : Irregular Wave pattern,but Expecting Weekly Sideway.
Status : Oversold - Weekly
Buy : 0.717x area
SL : 0.70890
TP : 0.747
TP : 0.72281
SL : 0.71
* If you need any analysis, Please let me know, I will try to do my best.
Trade only 0.01 lot.
Case of cough bear DAXThe year 2022 has started with macroeconomic anxiety and clamor around monetary policy talking points, while stock markets have been wreaked by volatility. Whether this turns out to be a well-deserved respite for the broader bull run or a long-drawn slide to infamy remains to be seen.
In any eventuality, TA should help to draw a game plan and aid us to grasp opportunities even if headwinds prevail.
The above chart depicts a hypothesis for DAX performance index using harmonic patterns:
A standard retracement from January 2022 top works out to a key turning point at level 14500. However, the structure would not be invalidated until the barrier fails at level 13800. Meeting that criteria, a relief rally would ensue until 15800, fulling the pattern. It should be noted that the definition of the pattern still implies a bearish outcome. Timeframe for the action to play out is between Feb and mid-May or early June 2022.
In regards to crypto markets; some enthusiasts could argue stock comparisons to be irrelevant or unfit. However, inferring from how the market is developing from here on out the gyrations between asset classes may become more cohesive when institutional involvement and their active participation increase.
BTC DAILY POST (1/3) XABCD PATTERNShere are the XABCD Patterns I found on the bitcoin chart : )
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Clear Bullish Divergence on ETHI usually only post if I feel really confident now because I realized you can't even edit your text. That being said, I've been watching the charts for a verrrry long time now and I personally believe its safe to say I found something worth looking at.
I decided to label the chart for any new investors please leave me criticisms and details/things I cant improve on for future posts.
Enjoy
I don't know much when it comes to psychology, but I know divergence when I see it.
I feel like Michael Burry.
D = the overall trend of the market, although we broke below the support, we still have a bounce off the previous lower low and a confirmation of a close above said support.
A = The reason you're here. We have a clear bullish divergence pattern, we can see the Orange lines are running away from each other and opening up. This pattern usually indicates signs of oversold activity correlated with a higher low. May I remind you that when looking for divergence, make sure the lower lows/higher highs are consistent with your indicator's lower lows/higher highs.
E =50 Day Moving average is the line that averages out the price chart over the specified time frame
B = This area I see as a very heavy resistance which we will MOST LIKELY see a pullback, hopefully (of course) obtaining a higher low in the process.
C = This line is just to give everyone an example of what I'm visualizing. No, I don't expect it to play out this way to the exact drawing, however, I don't expect a quick play, if you're here for a nice 100% gain over a 12 month period, go earn some interest on that and maximize that 4.5% yield.
Haha all affiliate aside, I am very confident of this play and I would like to say, anyone who is just scrolling for a quick way to make money, go away because the ups and downs really do get felt especially if you are using the capital you say you can afford to lose. As well as it nothing may happen at all and we could go sideways, we could even go down and you must be ready, actually ready so you don't panic.
Sorry for the speech but make sure to actually know what you can LOSE and your investing journey becomes amazing.
Good luck everyone
Cheers
BTC LONG TERM SCENARIO - This is my Bitcoin prediction from a long term approach -
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️
Stay updated for more content
Have a nice Day : ) Bye!
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