Bullish Divergence The Bitcoin price has created a lower low but the RSI hasn't followed hence creating a higher low which shows us there is a bullish divergence expected. Crossover on the MACD further confirms this momentum switch. I'd expect us to potentially push price back towards the $45300 level before we see any further price movement downwards. We also could break this resistance and confirm the bullish scenario again back towards $50k.
Macdcross
TSLA at Critical Level - Could Go Either WayTSLA is at a critical point with the volume shelf and other factors that could mean either direction.
Bull Case:
Retesting Breakout Level
Falling Wedge on Daily/65m
Bullish Divergence on 65m
Some Bollinger Band squeezing on 65m
Bear Case:
Net Premium flow favors puts heavily
Bearish Engulfing Candle on Weekly
MACD crossing down on Daily
Hidden Bearish Divergence on Daily that may not have completely played out
May be slightly below volume shelf - next shelf at $912
Diminishing Volume on Daily
So:
If Bulls Win... (price breaks $1,037)
PT1 - $1,045
PT2 - $1,065
PT3 - $1,087
If Bears Win... (price breaks $1,021)
PT1 - $1,011
PT2 - $1,000
PT3 - $1,090
Bitcoin BTC daily chart - Pros and consBitcoin BTC daily chart - Pros and cons
Cons:
- BTC could not brake resistance at $47.466
- BTC could not break resistance on RSI
- BTC with possible sell signal on MACD
Pros:
- BTC above EMA20, 50 and 200
- BTC above support on OBV
I tend to a bullish development for the next days and weeks - what about you Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
$QRDO Looks Ready To Fly$QRDO is looking bullish one the Daily chart. Volume is picking up as we are heading toward resistance. If we can break that, there is a clear path to $3.50. I think we will run past that. I am targeting the $4.20 range. If we can flip $4.20, look out because we will test the long term upper resistance! We have a lot of room to run on the RSI and the MACD looks bullish as well. I'll be watching this one closely for a week or two!
DKNG UpsideAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I expect some decent upside over the next month or 2.
Shiba Inu is it ready for another zero down?Hello Traders,
Just wanted to make a few points here and talk about my plan for shib. As you can see Shib has been forming a descending channel for 3 full months. Which recently on the last pullback within the channel the RSI reached oversold territory. Previously back in September of 2021 the RSI also hit this same area and this indicated it had bottomed. I am looking to see if it does the same this time. You can also see some bullish divergence on the MACD.
Yet, if we do see one more pullback from this area I would think the RSI would be diverged as the price action hits the bottom of the channel in the demand zone as well as the area where the trend line having a nice confluence of areas to buy, then I would enter my trade there and place my stop loss directly under this area as you can see on the chart.
Have a green week and I will see you in the next analysis!
Savvy
LONG on CADCHFSince March of 2021 this pair has been in somewhat of consolidation. constantly hit support or resistance and reversing from it like clockwork.
Price is currently in the support area and has broken out of a descending triangle on the 1hr timeframe with a massive bullish candle showing on the daily timeframe.
I expect price to reach back up to the resistance area or very close to it before starting to reverse back down. We also have a golden cross on the MACD with volume.
My entry, sl and tp prices should be marked on the chart.
Thanks.
BTC pullback OPINION!
I learned that the V in ichimoku's red cloud take the price up from it, Stoch rsi shows the possibility of going up, but MACD X starts to worry me, even with the price going down and the bottom going up. Heikin Ashi with Last Candles Won by Bulls. Bulls:
If TODAY closes above Daily MA200 the correction will not go beyond 45K, Side channel support since the last fall on December 4th.
Bears:
If you close below 45k, it will fetch the shadow at 42k.
Unfortunately for bears, I don't believe falling below 45k, in this scenario we're out of volume!
And it needs more people in the game to have sales force and break the support of this channel at 45k.
Summary: I expect wick at 56k and then a strong bearish to break 45k. Afterwards 40k wick up to possible 37k (weekly ichimoku cloud limit), with rapid price recovery to 42k, strong absorption zone and for me, accumulation zone.
At this moment I am 30% long. I will start buying after my indicators show about selling in the diary. I follow 30% long, because we know about the manipulations in this market and that's why we are in it, no frills, here it is volatile, speculated and manipulated. Want peace of mind, go to other markets.
The Head and Shoulders Confluence Between BTCUSDT TimeframesAs the chart shows above, the Head & Shoulder pattern are about to form. This happen on Weekly timeframe.
And if we willing to see how strong the validity of a pattern, then we should see it from another perspective.
If we zoom into lower timeframe, we may see that head and shoulder is also forming. Here's the chart from 3 Days timeframe
And also, Daily timeframe
We also cannot validate a future movement that depends only one patterns, so here i show you the really basic MACD crossover indicator in Weekly, 3 Days, and Daily.
On weekly
On 3 Days
And the daily still need to confirm crossover
It's important to know that we need to wait for the pattern to complete. This is so because a pattern may not develop at all or a partially developed pattern may not complete in the future. Partial or nearly completed patterns should be watched, but no trades should be made until the pattern breaks the neckline. The target based on H&S prediction is same as the height from neckline to head.
BTC - Let's see where and how this daily candle closesA quick look at BTC/USD using the Ichimoku Cloud with the 20,60,120,30 settings as well as the Bollinger Bands and MACD Indicator.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Short-Term Momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Term Momentum is sideways at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating Momentum is upwards at the moment. Note that the Lagging Span (Chikou Span) is still under the price from 30 Periods ago.
At the moment BTC is fighting to stay in the Equilibrium Zone of the Ichimoku Cloud. Note that you can clearly see that BTC has found some resistance from the Ichimoku Cloud Leading Span A (Senkou Span A) level.
We need this daily candle to close above the Ichimoku Cloud Leading Span B (Senkou Span B) level and stay in the Ichimoku Cloud Equilibrium Zone on this 1d timeframe.
BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower Bollinger Bands are contracting inwards indicating momentum has slowed on this 1d timeframe.
Note that BTC has been below its Bollinger Band Basis for almost 30 days. If you are still uncertain whether to buy in or not then a close back above the BB Basis and successful re-test as support will be a good sign of continued upwards trajectory.
If we take a quick look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone. Note that the MACD Line (Blue Line) is curving upwards so we may eventually see the MACD Line (Blue Line) cross back above the Signal Line (Orange Line) which is a buy signal for traders who use this indicator on this 1d timeframe.
It'll be interesting to see where and how this daily candle closes.
I hope this is helpful with your trading and hodl-ing.
UPST retracement - Publishing my own idea, come to own conclusions.
Fibonnacci says it's retraced and MACD and RSI are near bottom. CCI is at a low and doubt going lower. CCI with other indicators are best to buy at bottom or crossing 0.
UPST earnings a year ago was positive and now $0.60 for QTR, reported revenue is up 3x from a year ago and only double from $125.
Good entry point to not worry about, but fun enough to watch. Too many panic around earnings looking at all the red and green spikes.
AMC symmetrical Triangle AMC forming a very nice Symmetrical Triangle, which is a neutral pattern and could go either way. However the down target is unrealistic without some very unfortunate news. The long target is $91.68. We have a daily MACD cross up about to happen as well. Great buy in spot with small stop loss if it breaks downward. I think this will play out by EOY. After earnings come out might take off!
$JETS Weekly MACD CrossJETS weekly from a technical perspective has bullish momentum with QQE buy signals and MACD curling.
Bullish on the weekly close above 21EMA and in a nice volume gap with room up to 26/27 supply zones.
From an options flow perspective, there was a buyer of the 11/19 21C for $2M in premium. I followed and am currently up +77% and still holding with $26PT
If you're not long, I think an idea would be to swing calls for the move up to $26.
$QS UpdatedMade a great trade on QS calls and decided based on the reaction of news to execute 100 shares @25 to hold for mid term swing. Great volume and price action.
"California-based EV battery startup QuantumScape and a second top 10 global automaker agreed to partner"
Based on Volume Profile, we want to see a break of $32. She might need to cool off (RSI slightly over bought) and consolidate but really like the positive MACD and bull cross.
After $32 theres's a nice volume gap, so if you're not long already an idea would be to watch for a breakout of $32 with the next target (supply) at $42.50.
Trailing mental stop below 21EMA
$BODY breakoutAn idea for those who like to play breakouts. Would probably go shares here as opposed to contracts, or CSPs or 7.50/5p credit spreads (theta gang)