Long-term
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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UNI long term outlookHi again guys this is Kai with another crypto analysis..i think you almost know that i usually use weekly time frame for recognizing the most important levels although it require more patience..as you can see we have UNI weekly chart here..it has broken its support level with a big bearish engulf candle very nicely which had hold the price for approximately one damn year.. hence we should take this into account as a strong conformation that its over moon boys sorry we have to land.. my experience tell me that we can see a pullback to 14-15$ or even a little higher as a bull trap but anyone who hold this coin can use this pullback as a chance to take profit or sell with less loss..good entries for some gains are marked in the chart.. hope you all have a profitable week.
consider it as NFA..
🔔LETS GO TOGETHER TO MOON !300+ PIPS IN US30!Hi dear traders
It seems to be a very good opportunity to buy. We are in an almost channel-like pattern that with a small loss margin we can get a good profit margin.I also attached a weekly chart in the appendix. What do you think? Agree with me! Be sure to share your comments with me. I am happy and I use your guidance.
BITCOIN 24-27K CRASH ?There is constant bearish pressure on Bitcoin, any bullish candle is weak and dips are still very severe.
EMA200 supports the price at 25K.
Bitcoin dominance is 42% and imo it needs atleast 50% to continue it's journey to 100K so crash is very likely with the things that are happening in economy / world right now.
However BTC price is now between ema50 & ema200 and by the past price action it's the best time to accumulate more BTC !
Bitcoin cycles are not what they used to be before 2018.
Now they last longer and are long lasting accumulations before the next parabolic move is on the way.