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Parallel Channel

Bitcoin is Ready for Correction==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in an ascending channel in the 15-minute time frame, and we can also see another ascending channel in the 1-hour time frame . Currently, Bitcoin is moving near the upper line of the ascending channel(Big) and Potential Reversal Zone(PRZ) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . I expect Bitcoin to decline to at least the Support zone($75,400-$75,000) and the lower line of the ascending channel(Small) after the completion of the main wave 5 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is preparing a major rally going into 2025: Click chart above to see the detailed analysis👆🏻 As mentioned in all of my previous analysis, the Nasdaq is rallying but despite the recent strong move, there is still a lot more room towards the upside. With the channel breakout happening over the past couple of months, it is quite likely that we will see a rally of +50% during 2025. Levels to watch: $26.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
GOLD - Price can reah resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew inside rising channel, where ot fell to support area and then bounced up, breaking $2500 level. Then price rose in channel to $2605 level, exited from rising channel, and started to trades inside flat. In flat, Gold rose to top part and then made a correction to $2605 support level, after which bounced up. Price exited from flat and continued to grow inside pennant, where it rose to resistance line, breaking $2710 level. But recently, XAU turned around and made downward impulse, exited from pennant, and broke $2710 level one more time. Now it growing and I think Gold can reach resistance level and then fall to $2605 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
#ETH/USDT Breaks Out! Next Stop: $4,000?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick ETH update. A few days ago, I shared that ETH was trading around $2,400 and had strong bounce potential—and it’s been moving right on track. Check out the chart below! ETH is now trading around the $2,900 level, breaking out of a descending channel on the daily timeframe. A solid 40% move to the upside looks likely, which could bring ETH up to the $4,000 range in the coming weeks. Entry: $2,750-$2,900 Target: $4,000 Stop Loss: $2,650 What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
NAS100 pullback to 20657MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. (buying SQQQ) Price above or near channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM positive Price at Fibonacci level In at $21145 Target is $100 or channel top bottom NO STOP LOSS. will hold to year end. adding to short position if price reaches 21,900
PEPPERSTONE:NAS100Short
by chancethepug
ETHFI → A door has been opened to the bulls. Resistance retest BINANCE:ETHFIUSDT is forming a bottom. The coin continues to accumulate potential giving signs that the price is preparing to go up. The fundamental background is changing to favorable The U.S. presidential election and Trump's victory have a favorable impact on the cryptocurrency market in the medium and long term. This will be especially visible after the inauguration of the new (old) president :). Fundamentally, the market opened another door.... Technically, there is a clear bottom at 1.092 with no attempts to renew the low, and a basic cascading support is formed, indicating the buyer's strength. The focus is on consolidation of 1.798 - 1.092. The price exit from this channel will be accompanied by a strong distribution (most likely upward) Resistance levels: 1.798, 2.761 3.240 Support levels: 1.302, 1.092 There is a conglomerate of resistances ahead (descending line and channel boundary at 1.798). In the near future the market may continue to test this area with a breakout target. If the bulls can keep the defense above these areas, the rally will not be long in coming. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHFIUSDT.P ;) Regards R. Linda!
by RLinda
2
GBPJPY - Trend-Following Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in red. Currently, GBPJPY is in a correction phase, so the lower bound of the channel would act as support. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower red trendline. 📚 As per my trading style: As #GBPJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
NASDSAQ INDEX (US100): Bullish Confirmation After Breakout US100 Index updated the all-time high, violating a solid daily horizontal resistance. After a breakout, the market retested the broken structure and started to consolidate on an hourly time frame. A violation of the upper boundary of the range is a strong intraday bullish continuation. It indicates that with a high probability, the price will go up. Next goal - 20920 ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
1
BITCOIN - Price can bounce from resistance line and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once bounced from $63600 level and started to trades below. Price some time traded below and even declined almost to support line of channel, after which bounced and started to grow. Soon, price broke $63600 level and later reached resistance line of channel, but then turned around and made correction. After correction, BTC turned around and in a short time rose to $73600 level, but at once made correction to support line. But then price made impulse up, thereby breaking $73600 level and now it trades near resistance line of channel. BTC can bounce from resistance line and start decline to $72600 which is located support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Z pullback to $65MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price above all channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at 3.618 Fibonacci level In at $72 Target is $65 or channel bottom Stop loss is $74
NASDAQ:ZShort
by chancethepug
Ethereum - This Is The Last Buying Opportunity!Ethereum ( BITSTAMP:ETHUSD ) is still super bullish: Click chart above to see the detailed analysis👆🏻 Despite the correction of about -50% which we saw over the past couple of months on Ethereum, market structure and price action is still overall bullish. Ethereum is currently creating a bullish break and retest with a potential move of +60% towards the upside. Levels to watch: $2.000, $4.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
14
Bitcoin (BTC/USDT) Rising Channel Indicates Potential PullbackBitcoin is currently exhibiting a strong uptrend within a well-defined rising channel, signaling sustained bullish momentum. The price action has consistently respected both the upper and lower boundaries of this ascending channel, highlighting continued buying interest pushing BTC upwards. Rising Channel Structure Bitcoin has been steadily climbing within this rising channel, consistently respecting both the upper and lower boundaries. The channel’s top is near the $76,000 level, which could act as temporary resistance and a potential peak for the current upward move. Potential Correction to $66,000 A retracement to around the $66,000 level may be necessary before Bitcoin attempts further upside. This level aligns with a key support zone, allowing BTC to consolidate recent gains. A pullback to this area would still be within the bullish channel, maintaining the uptrend structure and potentially setting a higher low for continuation. Momentum Indicators Momentum oscillators are showing high readings, suggesting that Bitcoin is approaching overbought conditions. Historically, such high readings have been followed by retracements, supporting the possibility of a near-term pullback. Additionally, the stochastic oscillator is starting to turn downward, indicating weakening upward momentum, which aligns with the expectation of a correction. Next Move to All-Time Highs (ATH) If the correction toward $66,000 holds at support, BTC may resume its upward trajectory within the channel. The next target could be new all-time highs, potentially breaching the $76,000 level and aiming even higher, depending on the strength of the breakout from this rising channel. Strategy Consideration For short-term traders, exercising caution around the $76,000 level might be wise, as resistance could trigger a correction. Monitoring momentum indicators for signs of a pullback is advisable, especially if they continue to weaken. For long-term investors, a retracement to the $66,000 support level could offer an attractive entry point. Accumulating positions at this level may allow investors to ride the next bullish wave toward new highs. Conclusion Bitcoin’s current position within a rising channel indicates strength, but a short-term correction to $66,000 is plausible before resuming the march toward potential all-time highs. Monitoring key support and resistance levels, along with momentum indicators, will be crucial in anticipating Bitcoin’s next moves. -- Trade wisely and always conduct your own analysis before making investment decisions.
Short
by hellooxen8
1
TWLO pullback to $79MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM positive with slight turn downward Price at 4.618 Fibonacci level In at $91.50 Target is $78.96 or channel bottom Stop loss is $95
NYSE:TWLOShort
by chancethepug
TSLA pullback to $275MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Previously stopped out at the 2.618 Fib extension, I'm back in, buying TSLQ, or buying puts at this 3.618 level. Price at or above at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM spiked positive Price at 3.618 Fibonacci level In at $318 Target is $275 or channel bottom Stop loss is $321
NASDAQ:TSLAShort
by chancethepug
2
Nifty Medium to Long Term Outlook. Nifty on a weekly chart seems to be in the consolidation mode. With important geopolitical events that happened around the globe and India Nifty is trying to find a firm footing from where it can launch ahead. The events like Ukraine and Russia conflict, Israel and Iran++ conflict, Indian election results, Haryana assembly elections, US elections proved very volatile for the market. Upcoming events like China stimulus package and Maharashtra Elections will also be key for the direction of Nifty while moving ahead. Best case Scenario for Nifty right now following the Parallel channel seems to be 27796 towards the mid and end of First quarter of 2025. (We would have to be a pure optimist to think it can reach close to 28K in the next 5/6 months but you never say never). Median Scenario can keep Nifty range bound and we might find it exactly in the zone that it is right now that is between 24K and 25K. Worst case scenario for Nifty seems to be between 20 and 21K as of now.(This is a less likely scenario but you never say never). Major Support Levels for Nifty are at: 23816, 23211(Major Support 50 Weeks EMA-Mother Line), 22711, 21813, 21343 and 20858 (Channel Bottom Support). Major Resistance levels for Nifty are : 24589, 25241, 25796, 26277, 27120 and 27796 (Channel Top Resistance). To learn more about Parallel Channels and Mother, Father and Small Child theory read my book. The Happy Candles Way to Wealth Creation Available on Amazon in paper back and Kindle version. The book is now available on Google Play books in E-version too. Disclaimer: The views are personal and request you not to take positions based on the above data. The chart and the levels given in the message are purely for the purpose of education.
NSE:NIFTY
by Happy_Candles_Investment
TTWO pullback to $165MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at 3.618 Fibonacci level In at $176 Target is $165 or channel bottom Stop loss is $178
NASDAQ:TTWOShort
by chancethepug
The speculative cup and handle is now valid and in playAfter the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above the rim line in jsut the next few days. There are still a couple speculative aspects to this chart. I went ahead and picked a random guesstimate for the length of the handle that I drew with the red trendlines. I tried to make it wider than it might actually be just to try to keep the price action inside its parameters as it develops…I also took its depth down to around the daily 50ma(in orange) it could go lower than that, or it could already have reached its lowest point, I felt doing so would be a nice middle ground for wherever it eventually finds its lowest point to be. Lastly where I placed the dotted green measured move line is also currently speculative…as always I just guesstimate an breakout point for the emasured move line until we have validated the breakdown then I go back an adjust the measured move line accordingly to get the most precise breakout target. Good news is where ever this thing eventually breaks out the target would be somewhere around 130k or higher. Now for the more bearish scenario, Iwent ahead and cloned the rimline of the cup and found that when I put it on the bottom and make a channel with it, there were enough pivotal candlestick touches on that line that not only is the cup and handle very valid so is the channel, this means should we somehow experience some sort of massive black swan, that it would be possible for price action to drop far enough to retest that bottom channel trendline and in turn nullify the cup and handle. This seems like a much lower probability than the cup and handle triggering its validation but it is indeed still a possibility…also, should it do something like that, and the channel becomes the more valid pattern, the breakout target of the channel would be roughly the exact same as whenever we were to break up and out of the cup and handle anyways, so to be honest, a retest of the bottom of the channel would actually be an even greater opportunity than if we just went ahead and broke up from the cup and handle itself because it would allow us to accumulate much more at a much lower price and the percentage of gains that could be made from all the way at the bottom of the channel to the final breakout target would be much higher. For now though I think just breaking up from the cup and handle is the much mroe probable outcome, but I am always ready for the less probable outcomes to occur as well. Really, in my opinion, no matter what happens in this situation, it’s a win win. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
1