S&P500 3 Months Trading Channel Hey guys, didn't post new set-ups because the market is quite boring right now.
But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade.
Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions.
What we're looking for before open the position:
1) The price have to cross the support level of the channel
2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position.
IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line!
Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.com
M-oscillator
Bad News for USD Longs?According to the US Dollar Index, dollar longs are under pressure. Despite still technically exhibiting an uptrend, there are signs of technical weakness emerging. Since topping at 104.97 in mid-February (just shy of resistance at 105.04), price action has tunnelled through support at 104.15 (now marked resistance) in addition to channel support, extended from the low of 100.62.
As you can see from the chart, buyers and sellers are now squaring off at the 200-day simple moving average (SMA) around 103.72 and fast approaching neighbouring support at 103.62. Adding to the bearish vibe, we can see that the Relative Strength Index (RSI) crossed under trendline support, taken from the low of 29.59, and also pushed through the 50.00 centreline, a move emphasising negative momentum.
Should sellers change gears here, therefore, and overthrow current supports, further underperformance could be on the table for the USD, targeting the 50-day SMA at 103.09 and support coming in at 102.92.
Kadena (KDA)On the above 5-day chart price action has corrected 96% since the sell signal (not shown). Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout (USD and BTC pairs).
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period.
4) Price action finds multiple weeks of support on the Fibonacci 0.236, since the start of the year.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe: Don’t know.
Return: 60x
JD Wetherspoon PlcOn the above 2-week chart price action has corrected 75% since the sell signal (not shown) in October 2019 @ 1600. Now is an excellent moment for a long trade position. Why?
1) A strong buy prints (not shown).
2) Strong bullish divergence. Blue circles. Look left.
3) Falling wedge is yet to breakout however with points 1 and 2 we can be confident in the direction.
4) The UK economy is circling the drain hole, it makes sense alcohol consumption will be on the up!
Is it possible for price action to fall further? For sure.
Is it probable? No.
Ww
Type: trade. Yes trade, not investment.
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <=$380
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing## Bitcoin Poised for Surge? RSI Hints at Upswing
Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement.
While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory.
Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing ## Bitcoin Poised for Surge? RSI Hints at Upswing
Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement.
While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory.
Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.
#btclong
$IBIT March 13, 2024NASDAQ:IBIT March 13, 2024
15 Minutes
The gap was filled yesterday.
If we consider the rise from 37.77 to 41.8 then NASDAQ:IBIT retraced 61.8% of the move.
And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall.
For the day considering the last rise from 39.21 to 40.94 NASDAQ:IBIT has to hold 39.9 levels for 40-41 as a target.
More uptrend only above 41.8 levels.
I am long yesterday from 39.5 levels SL below 200 average around 38.6 levels.
It is a contra trade as per my setup as my buys are not supported by the Elliott oscillator or black bar on stochastics being on top or CCI green.
$SPY March 13, 2024AMEX:SPY March 13, 2024
15 Minutes
AMEX:SPY managed to hold 510 levels and the expected 514 levels and above were done for the day.
For the day of the last rise, 513.55 t 517.38 is to be considered.
Holding 515 levels we can expect 518 levels.
The buy-in day will trigger only above 518.22 levels.
AMEX:SPY above all moving averages.
The Elliott oscillator is showing slight divergence hence a pullback to 515 levels and then an uptrend will give a better entry point.
We also have a black bar on stochatis on top and CCI green.
I have a target for 519-520 levels holding 515 levels for the day.
AVAX Ascending Triangle AVAX / EURO
Relative strenght here along with INJ
✅Nice potential ascending triangle breakout
✅Breakout in OBV
✅Volume increase, above 100Day & good R:R
I have been sitting on an AVAX position since the last crypto cycle and have not added to it. I might today though.....
CRYPTOCAP:AVAX CRYPTOCAP:INJ #Altseason2024
Clover Finance (CLV) - Bullish divergenceOn the above 4-day chart price action has corrected 97% since 2021. A number of reasons now exist to be long, including:
1) You know why.
2) Price action resistance breakout.
3) Multiple oscillators print positive divergence with price action over a period of 120 days, very bullish.
4) The above divergence has also printed on the BTC pair of this token.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Return: 8 to 15x
Timeframe: between now and Middle of the month. Don’t message me asking if price action will correct again to fill you missed long order! (You’d be surprised how often this very message is received)
JPYUSD possibility to break out of trendlineJPYUSD is likely to break out of the yellow descending trendline.
2013-2023 cycle is similar to the 1989-1998 cycle.
In monthly timeframe JPYUSD broke down 6~7 years of upward rsi trendline, and in 2W timeframe it formed downward rsi trendline.
In previous cycle, JPYUSD rose for over a year after the breakout.
Is PYPL ready for recovery?n the daily chart PYPL is at its six-month lows sitting on the support /demand zone after recent
earnings which were helpful in showing earnings and revenues holding up. Upside to resistance
is about 25%. The volume profile shows heavy volumes at both the current price and at $75
Any upward price action would likely experience volatility at $7 5 as that is where a large
a number of institutional traders are situated. This is also approximately where the mean long
term anchored VWAP is extending. The MACD indicator's lines have crossed under the histogram
which is now green and positive. They are approaching the horizontal zero line. Trading volumes
have increased since the last earnings and so shares are being accumulated which usually
results in prices rising gradually over time.
I see this as an excellent long trade setup targeting first $ 75 and then $87 just under the
resistance zone with a stop loss in or under the support.
Bitcoin does a drop then pop LONGBTCUSD three days ago did a drop to take out stop losses and get shorts to take profit. Since
then it reversed climbing over a price of 45.4 K. The MACD lines are under the histogram which
just flipped negative to positive indicating the beginning or recycling of bullish momentum.
The RSI indicators are not at all in overbought territory no matter then run up over the
following three days. Relative Volumes are about 3X the running average. CLSK Clearspark
reported today and surged. Anyone who played my options idea for it, saw a 300% return
overnight. HUT likewise. Although I did not post an idea, BTBT got even more altitude and
got over its past year high while still only 20% of its all-time high, Is this with the crypto
resurgence at its onset predicted by both pundits and fortunetellers? Maybe or maybe not.
But what it might be is an opening to get into your favorite crypto play while the momentum
continues. I would seem that the most aggressive is near-term options on equities approaching
earnings. MSTR is a megacap slow moving and it got 25% in the past five days on the share price.
The small caps are moving much more than that. If you have cash in reverse this might be a
to deploy it judiciously here in some of the crypto action, in my opinion.
Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling
in a signal of capitulation. Relative strength is showing bearish divergence while price is in
consolidation. The boxes are checked and it is the weekend when the price volume trend is
typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see
a bit of a volume push. I will reassess by crypto-related stock and options positions in due
diligence to protect risk.
BTCUSD in reversal SHORTBTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and
has dropped below the channel support trendline. As to whether it will retest that trendline
which is now resistance remains to be seen. However, the MACD lines are under the zero level
and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and
price compressing in a symmetrical triangle with the bias bearish at this time.
SILVERThe Slow Trend and Fast Trend oscillators appear to be in alignment, both entering the overbought zone. At this juncture, two possibilities emerge. Firstly, there could be an immediate reversal. Alternatively, there might be an extended period where both, particularly the Slow Trend oscillator, linger in the overbought region before eventually reversing. Examining the lower time frames, the latter scenario seems more likely. However, given the early stage of either the trend's end or the formation of a new trend, it's crucial to remain alert for any indications until one of these two possibilities is confirmed.
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since
the start of the year. Volatility can be harnessed for profit. This is the essence of swing
trading. With an intermediate term anchored VWAP band and line setup, it can be readily
seen that price first was resisted by the second lower band line in purple then broke out
through the band lines to meet resistance at the second upper band line ( again in purple)
and broke down through the band lines to get support at the first lower band and then
reversed and returned to the second upper band where it was rejected and fell into the
support of the second lower band from which it is now bouncing. This is a VWAP band
oscillation pattern which can be traded. I will take a long trade of SOFI here, first
targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05
below the second upper band. Partial closures at 25%, 50% and 25% respectively.
I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as
short trades.
MINA Analysis: Potential Correction, SELL or BUY Setup?!🍣📈Weekly Channel Breakout and Retest:
MINA previously broke out of its weekly channel and reached its target successfully.
The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement.
🔍📉Corrective Phase and Resistance Levels:
If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly resistance level.
A rejection at this resistance level, coinciding with the RSI reaching the daily blue resistance line, could present a selling opportunity.
🚫Early Sell Setup and Risk Management:
A sell position could be initiated early at the current price level (below the lower channel line) using the red trigger line as confirmation.
Trailing the stop-loss to the lower support zone can help mitigate risk and maximize profit potential.
✅Important Considerations✅
The overall market trend should be taken into account before executing any trades.
Confirming the reversal with additional technical indicators and market sentiment analysis is essential.
🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
🚫