is it possible to get above 60k again ?hello guys
I wanted to keep the chart simple and I know we have a lot of resistance in our way.
if you look at the channel, we had 2 perfect bounces, and last time the price reached the top of the channel.
I'm not talking about a week, this is a long-term vision.
maybe we get a test on 39 - 40k in the coming days or maybe we just see consolidation above 40k.
why do I think this channel can be accurate ?
because if you look at the middle of the channel it's around 52 - 53k, which is important to break that level!
we need something like this path to reach 60k.
......
this is Bollinger band + MACD
we will touch the middle line soon or later (if I remember correctly it's 21 SMA or MA ).
if you look at the picture, we had 1 false breakout like last time + divergence on MACD and buy signal on MACD as well.
I remember when BTC was around 28 29k , the people were bearish and looking for 25k and 20k. people waited for 30k this time and it didn't happen as well!
the time will tell us it was bottom or not.
please share your idea with me and let me know what do you think about it !!!
.....
do your own research !
it's not financial advice.
take care and don't use high leverage, please :)
Long-term
$ACWX relative to $SPY potential (3/5)Conviction: 3/5
Overall still in LT (2009) down channel, so trade is quite risky... you are trading against the trend...
HOWEVER:
bounced off MT (2018) trend support
RSI looks pretty good
SPY ourperformance against world is pretty outrageous in the last 2 years, so some mean-reversion is likely
Trade duration... 3-5 months.
Much better trade is to wait for breakout confirmation, and wait for entry from likely retest.
$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
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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