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BAC | BIG Drop for Next YearSimilar distribution pattern to 2022 Feb drop, price continues to make Higher Highs and indicators make Lower Highs while trading in overbought zones Dont think its the best time to invest but to rather Trade instead with how high price is. I'm looking at about 40% in price fall by February like the last time but for now long positions may be better at $43, and then price topping out at $50. To prolong this pattern but not necessarily invalidate it I need to see a breakout above $50 and some type of quick retest with price action overshooting to the high end of the Major Resistance Zone $55, then we can end up seeing more than a 40% drop.
NYSE:BACShort
by Nathanl19
HOVR Heading For New Horizons?! Cup & Handle Set-UpLets break down NASDAQ:HOVR on the Daily Chart! Price from Mid-Sept to Early-Dec outlined the "Bowl" of the Cup and on Dec. 11th, Price made the Retracement to the Golden Ratio Zone to start the "Handle"! Today we have Price printing a STRONG Bullish Candle Breaking the Confirmation of the Cup & Handle Pattern @ .8799! Fundamentally, NASDAQ:HOVR secured a $8.4 Million investment from an "unnamed investor" to help with the advancement of the Hybrid Electric Vertical Take-off Aircraft, the Cavorite X7. -https://www.tradingview.com/news/mtnewswires.com:20241220:A3286797:0/ *In order for the Pattern to be Validated, WAIT for Price to Close above Confirmation @ .8799, then we will expect Price to come back down to Retest the Break @ ( .8900 - .8799 ), THEN the Pattern is Validated and we can look for Buying Opportunities!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
NASDAQ:HOVRLong
by Novi_Fibonacci
9
XRP To Make or Break in 2025? A Pennant May TellBITSTAMP:XRPUSD has been Consolidating just above the April 2021 High @ $1.96 and shows potential of forming a Pennant Pattern! What does this mean for 2025?? Lets break it down Resistance Zone: ( $2.90 - $2.60 ) Support Zone: ( $1.96 - $1.76 ) So far Price has made 2 Tests of both the Falling Resistance and Rising Support and 3 Tests is what usually Validates a Trend line, so we want to be vigilant for what Price ends up doing when traveling to either Leg of the Pennant Pattern! Indicators: -RSI Above 50 suggests the overall sentiment is still Bullish -BBTrend Still Printing Green Bars *If Price Breaks Below the Support, we could see Price Decline further. *If Price Breaks Above the Resistance, we could see Price Ascend to the All Time Highs of $3.31.
BITSTAMP:XRPUSD
by Novi_Fibonacci
1
GBPUSD Wave Analysis 27 December 2024 - GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625 GBPUSD currency pair recently reversed up from the pivotal support level 1.2495 (which has been steadily reversing the pair from May) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.2495 stopped the previous medium-term impulse wave (3). Given the strength of the support level 1.2495 and the oversold reading on the daily Stochastic indicator, GBPUSD currency pair can be expected to rise to the next resistance level 1.2625 (former support from the end of November).
Long
by FxProGlobal
Nat Gas Thursday 26 DecPrice is trading in a new territory. The margin required to enter into a trade has increased as the price has increased by 70%. Now you can't buy big quantity as fluctuation has risen, thus making stop loss quite large. So if your risk appetite is not that big you should think of bringing down position size. But if you're greed driven person this is your moment. You can make big bucks by trading just one big contract without scaling into a trade. Just keep trailing your stop and the rest will be taken care of. Fluctuations are big but it only happens at the end of a trend. One more thing if you trade just to make money then this market is not for you. You don't belong here. Go someplace else. There are million ways to make money. Pick one and love it.
MCX:NATURALGAS1!Short
by aadityaghate79
Moving Average Convergence Divergence MACD A Comprehensive GuideMastering the Moving Average Convergence Divergence (MACD): A Comprehensive Guide Understanding the Moving Average Convergence Divergence (MACD): A Beginner’s Guide The Moving Average Convergence Divergence (MACD) is a popular and powerful momentum and trend-following indicator used by traders across various markets. Developed by Gerald Appel in the late 1970s, MACD helps traders identify potential trend reversals, momentum strength, and buy or sell signals. What is MACD? MACD is based on the relationship between two moving averages of an asset’s price. It consists of three main components: MACD Line: Calculated as the difference between the 12-period Exponential Moving Average (EMA) and the 26-period EMA. Signal Line: A 9-period EMA of the MACD Line. Serves as a trigger for buy or sell signals. Histogram: The difference between the MACD Line and the Signal Line. Visual representation of momentum changes. How to Interpret MACD Crossovers: Bullish Crossover: When the MACD Line crosses above the Signal Line, it signals upward momentum and is often interpreted as a buy signal. Bearish Crossover: When the MACD Line crosses below the Signal Line, it indicates downward momentum and is often seen as a sell signal. Centerline Crossovers: When the MACD Line crosses above the zero line, it indicates bullish momentum. When the MACD Line crosses below the zero line, it signals bearish momentum. Divergence: Bullish Divergence: Occurs when the price makes lower lows, but the MACD makes higher lows. This can indicate a potential upward reversal. Bearish Divergence: Occurs when the price makes higher highs, but the MACD makes lower highs. This can suggest a potential downward reversal. Strengths of MACD Versatile: Combines trend-following and momentum analysis. Easy to Use: Simple to interpret for traders of all skill levels. Effective in Trending Markets: Provides clear signals during strong trends. Limitations of MACD Lagging Indicator: Since it relies on moving averages, MACD may provide signals after a trend has already started. False Signals: In sideways or choppy markets, MACD can produce misleading crossovers. Best Practices for Using MACD Combine with Other Indicators: Use MACD with support and resistance levels, RSI, or Bollinger Bands for confirmation of signals. Combine it with volume analysis to validate momentum strength. Adjust Periods for Your Strategy: Shorten the EMA periods (e.g., 8, 18, and 6) for more responsive signals in fast-moving markets. Lengthen the periods (e.g., 21, 50, and 9) for smoother signals in slower markets. Understand Market Context: Avoid relying solely on MACD in range-bound markets where false signals are more common. Example of MACD in Action Imagine a stock is in an uptrend, and the MACD Line crosses above the Signal Line while the histogram turns positive. This is a bullish signal suggesting that the upward momentum is strengthening. Conversely, if the MACD Line crosses below the Signal Line during a downtrend, it signals that bearish momentum may continue. Conclusion The MACD is a robust indicator that helps traders identify trends, momentum shifts, and potential buy/sell opportunities. While it’s easy to use, its effectiveness improves when combined with other technical tools and a solid understanding of market dynamics. As always, backtest your strategies and practice using the MACD on historical data before applying it to live trades.
Education
by CobraVanguard
2
Example of Interpretation of USDT, USDC, BTC.D, USDT.D Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. Trading Strategy ------------------------------------- (USDT 1D chart) USDT is a stable coin that has a great influence on the coin market. Therefore, the gap decline of USDT is likely to have a negative impact on the coin market. Since the gap decline means that funds have flowed out of the coin market, it can be interpreted that funds have currently flowed out through USDT. (USDC 1D chart) USDC cannot help but have a lower influence on the coin market than USDT. The reason is that USDC markets are not operated in all exchanges around the world. In other words, USDC can be seen as having limitations compared to USDT as an American investment capital. Therefore, the gap increase of USDT is likely to have a short-term impact on the coin market. ---------------------------------- (BTC.D 1D chart) You can refer to BTC dominance to choose which side (BTC, Alts) to trade in the coin market. Since the rise in BTC dominance means that funds are concentrated on BTC, it can be interpreted that Alts are likely to gradually move sideways or show a downward trend. For this interpretation to be meaningful, USDT dominance must show a downward trend. (USDT.D 1D chart) Because the decline in USDT dominance is likely to result in a rise in the coin market. Therefore, if USDT dominance rises, it may be a good idea to pause all trading and take a look at the situation. - You can roughly figure out whether funds are flowing into or out of the coin market with USDT and USDC. You can roughly figure out which direction the funds in the actual coin market are moving with BTC dominance and USDT dominance. As I am writing this, BTC dominance is rising and USDT dominance is falling, so it is better to trade BTC rather than Alts. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
CRYPTOCAP:BTC.DEducation
by readCrypto
1
Example of how to trade without chart analysis Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Since the coin market can be traded 24 hours a day, 365 days a year, gaps do not occur as often as in the stock market. (However, gaps may occur frequently in exchanges with low trading volume.) In any case, I think that these movements provide considerable usefulness in conducting transactions. Sometimes I told you to buy when the price drops by -10% or more. Today, I will tell you why. -------------------------------------- In order to trade, you must have basic knowledge of charts. Otherwise, you are likely to conduct transactions incorrectly due to volatility. However, such cases are less common in the coin market than in the stock market. One of the reasons is that the current coins (tokens) are not being used for actual business purposes. So, I think there are quite a few issues that cause volatility other than charts like stocks. - If the price falls one day and falls by about -10% from the high before a new candle is created, I buy. The next day, if it falls by about -10% from the high again, I buy again. When it falls by about -10% like this, I continue to buy in installments. That's why I need to adjust my investment ratio. - If I buy like that, there will come a point where my price rises more than the average unit price. In that case, when I'm making a profit, I sell the amount corresponding to the purchase principal in installments and leave the number of coins (tokens) corresponding to the profit. If you want cash profit, you can sell a certain portion in installments. Also, on the contrary, when it rises by about +10%, we proceed with a split sale. - As shown in the example chart, you can see that there are not many cases where it rises by -10% or +10%. However, since it occurs more often in the case of altcoins than in BTC or ETH, you should pay special attention to adjusting your investment ratio when trading altcoins. That is why you must check the price fluctuation range 1-3 hours before a new candle is created on the 1D chart. This method is a method that can be traded even if you lack knowledge about charts. If you let go of your greed a little and have the ability to split sell when you are making a profit, you will be able to meet the moment when a crisis becomes an opportunity. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
XLM Falling Wedge Could Rise 135% to .95 On Bullish Break!Here I have COINBASE:XLMUSD on the Daily Chart. Low - .089449 High - .63445 Since the High, Price has been forming a Falling Wedge where we see Price Retraced to the Golden Ratio Zone @ .31339 where it tested the Falling Support then to find more Support at the 50% Fibonacci Level to now be currently Testing the Falling Resistance! If Price can generate a Bullish Break and continue finding Support, then I believe the prior 608% Price Increase we saw over November, could suggest a Potential 135% Price Increase to the .95 - $1 Area on a Bullish Break!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
BITFINEX:XLMUSDLong
by Novi_Fibonacci
1
Check support at important support and resistance zones Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) The key is whether it can receive support and rise around 3265.0-3321.30. If not, and it falls, it is possible to touch the M-Signal indicator on the 1M chart. Accordingly, we need to check whether it can rise around 2706.15. - (1D chart) The key is whether it can receive support near the important support and resistance area of ​​3265.0-3321.60 and rise above 3438.16. If not, it is likely to fall to around 2895.47 to meet the M-Signal indicator on the 1W chart. The point to watch is what kind of movement it will show as it passes through the next volatility period of ETH, around December 27 (December 26-28). - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
After the volatility period around December 27th... (Title) What will it look like after the volatility period around December 27th --------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a good day today. ------------------------------------- USDT is currently showing a gap down, although small. USDC is showing a gap up steadily. The gap up of USDT and USDC means that funds are flowing into the coin market. I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend. The decline in USDT dominance is likely to result in a rise in the coin market. If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend. If USDC continues to fall, it is likely to fall to around 2.84. After that, it is expected that the coin market will gradually show a downward trend while rising. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point. Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area. If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart. Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K. - The Momentum indicator is showing a continuous downward trend. We need to see if it shows an upward trend when a new candle is created. - Looking at the overall picture of BTC, it is still in the sideways section. Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
HOOD 5/10/2022HOOD This HOOD will be snipped HOOD is currently in an existing downtrend. I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since. April ’22, price broke down from range signaling continuation of downtrend. Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance. MACD is in bearish territory and has also cross its signal bearish. This is my cue to enter trade short. Entering trade short. Entry: 9.27 Stoploss: 11.23 Target: 6.58, +28.85%, 1.35 RR ratio
NASDAQ:HOODShort
by rudcharts
AMZN 6/6/2022AMZN Jeff Bezos sold at the top and bought a yacht while The Jeff Bozos the clowns will buy the stock split thinking they’re getting a good deal. That last leg of AMZN Uptrend which respected 50ema, started April ’20 and topped out Sept.’20. It closed below the 50ema that Sept. and price entered a Sideways market AMZN moved sideways from Sept.’20 thru Jan.’22. During this time, Good ‘ol Jeff Bezos jumped ship Nov.5th ’21 @ 179 and jumped into an enormous yacht. The sly dog knew what was coming and exited at the top. Jan’22 price broke down from this sideways range and confirmed the range to be a Distribution stage. Price fell from 165 down to 136. During this time, we also had Death Cross between the 50 & 200 ema to further signal the bearish conditions. Price pulled back from 136 twice to previous Support looking to turn it into resistance. The market was very nice to the “investor”, gave them two chances to exit. On the second pullback to resistance, we also had an Overbought Stochastic reading. This was our 1st entry to enter trade short. This short entry saw price move from 167 down to 102. This breakdown saw price make a lower low and confirmed the start of the downtrend for AMZN. From the lower low made at 102, price pulled back to the 50ema which is acting as Dynamic Resistance level. Currently, we also have an Overbought Stochastic reading. This is the second entry to trade short. Downtrend + Pullback to resistance + Overbought Stochastic = Short Trade Entry Entering trade short. Entry: 124.79 Stoploss: 139 Target #1: 101.61, 18.56%, 1.63 RR ratio Target #2: 83.86, 32.79%, 2.87 RR ratio
NASDAQ:AMZNShort
by rudcharts
36
FL 9/14/2022 FL Daily chart analysis FL has been in a downtrend for quite some time now. It has now pulled back to the downtrend line it has created. This area will be considered an area of value. We have stochastic reading just coming down from overbought We also have the MACD just crossing under its signal. Downtrend + Overbought stochastic + Pullback to area of value = Short trade entry Entering trade short Entry: 37.53 Stop loss: 41.92(-11.70%) Target: 24.76, +34.03%, 2.91 RR ratio
NYSE:FLShort
by rudcharts
6
The key is whether it can rise above 9.39 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (APTUSDT 1W chart) It seems that the M-Signal indicator on the 1M chart has started to be created. Accordingly, the 7.41-9.39 section is an important support and resistance section. When it shows support in the 7.41-9.39 section, it is a time to buy. - In order to turn into an uptrend, the price must be received above the MS-Signal (M-Signal on the 1W chart) indicator. Therefore, the key is whether it can receive support and rise near 9.39. - The high point boundary section is formed in the 12.06-14.50 section, so if it rises above this section, it is expected to create a new upward wave. If it falls below 7.41, it is expected to enter the mid- to long-term investment area. Therefore, if possible, I think it would be better to trade when the price is maintained above 7.41 and wait and see if it falls below 7.41. - (1M chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
2