Get started

Parallelchannels

BTC is a finest SL hunter these days. #BTCUSDT #Binance #Daily #Midterm - What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021. - I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave structures. - In my Elliott Wave perspective, since Bitcoin has failed swing high, I am leaning slightly more towards the 52K high being the end of the wave B and thus expecting another bearish wave to come which then would be wave C. - In a shorter term, make sure to consistently check whether bottoms of the yellow and white channels are valid. - From the fact that the bottom of the recent dip happens to be located at the LVP(Low Volume Peak), I will definitely be more bearish if bottom of the yellow channel fails supporting. - Here are some of the areas that I find them attractive to enter long position if we observe more drops: 37K~38K (Valid until 9/18), 33.2K~34.8K (Valid until 10/05). - If these supports are broken later, according to many wave theories and methodologies, I strongly expect Bitcoin to rally down to test the mid-term bottom around 29K. The ultimatum support that I am considering is around 23K~25K. - Lastly, if Bitcoin sort of forms widening or broadening pattern and make an HH, the next resistance that I deducted is 56.5K~58.5K.
by Tommy_Trader
$SUNW Target PTs 16.50-17.50 and higher...in Parallel Channels: Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Roseville, California.
SLong
by UnknownUnicorn19246015
$THBR Advent Technologies Inc. to combine with $AMCI AcquisitionAdvent Technologies Inc. to combine with $AMCI Acquisition Corp., creating a leading next generation Fuel Cell Technology Company $THBR update: Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021 Clears Hart-Scott-Rodino Transaction Hurdle Company Sees Strengthening Autotech Demand and Sustainable Order Pattern Reaffirms Strong Revenue Outlook for Above Market Growth Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity
TLong
by UnknownUnicorn19246015
BTCUSD swing trade for Breakout or Pull-back on CongestionBTCUSD has been playing a little stalemate with us as of the past week. As evidenced by the green parallel, there has been a strong trend upward since the Covid pullback, but that trend has become weak in recent days due to sideways price movement. Timing a breakout or pullback can be difficult, but I've set some price guidelines where the congestion channel intersects with the uptrend channel. Depending on which of these prices BTC hits next, we should expect a breakout or pullback.
BITSTAMP:BTCUSD
by formalrisk