ETHUSD LONG POSITION CLOSE TO BREAKOUT!ETHUSD broke downtrend and started forming triangle pattern, already bounced once, now we are waiting for retracement to the bottom of triangle, and break out at the top and rise till 50% fib zone at 3564 zone, my entry point would be 2579 since there is a 50% fib zone and also it should hit Bollinger band at that point since it did it before (Also if you want even bigger risk to reward ratio you can enter at 2560, but there is more chance to get a breakout down and hit stop loss) and stop loss at 2271, it is more risky entry, since it could be a fake out and it could go back into down trend if you want a safer entry you can wait until it breaks out at the top of the triangle at (2848) and even wait for a retrace back after breakout, to make it as safe as possible but the reward will be significantly lower.
Pullback
BTCUSD LONGBTCUSD completed full Elliot wave (1 to 5), and ABC correction downwards, bounced of a strong weekly support, and a bollinger band, which shows it should rise in price, it went up, bounce off of 61.8 percent fib zone and formed a 4h resistance, and went back to a weekly support, and bounced again, now it bounced again from a 4h resistance, and we should see a retrace to a 50 percent fib zone, where we should put our entry point, where the BTC should bounce up break the 4h resistance (it bounced off 3 times already so it is weaker). and rise up to a daily resistance and reach 51231 zone, our stop loss should be right below recent low (36613).
AUDUSD GOING DOWN FROM HERE - GREAT SWING TRADEI take short trade here from the following reasons:
1.Bear flag (the last wave before breakout)
2.Resistance
3.Supply candle (marked with yellow TL)
4.Bear Shooting star candle
5.200ema
6.Entry the Fib golden zone
7.50,100,200 EMA Weekly just above the price.
Just look nice for me
TSLA: How far a correction would be acceptable?Hello traders and investors! Let’s see how TSLA is doing today!
It is correcting a little bit today, as we already expected, since we have an important resistance at this price level. Is this reason to panic? Not at all.
TSLA triggered a bullish pennant, and the trend is bullish in the short-term, meaning, pullbacks are opportunities to buy/add positions. A pullback to the 21 ema or to the red line at $ 819 is acceptable, and this wouldn’t ruin the bullish bias. It could drop beyond this point, but this would ruin the bias and TSLA would need to do another bullish structure to reverse again.
Yesterday, in my previous analysis, I warned you guys about the 21 ema in the daily chart (just check the link below in the "related ideas", if you are curious). This is the important resistance I mentioned in the first paragraph of this analysis. Only by breaking this resistance TSLA might become bullish again in the mid-term. Remember: Unlike the 1h chart, in the daily chart, the trend is still bearish.
However, despite the 21 ema giving us a hard time, the volume is increasing again, and this is good news. Still, it is important to wait for a better bullish structure in the daily chart, in order to confirm a better reversal movement.
For now, we might expect some correction in the short/mid-term, and this would be a healthy movement. Let’s wait for more signs.
I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my studies.
Shiba Inu Analysisafter the war news (too bad news) and increasing of the GOLD and U.S Dollar Value and Cryptocurrencies Falling too, seems like we have a nice pullback on the previous fresh poi demand zone and finally we can expect growth again ... (let's see) They probably always play us in the direction of the market
Buy the dipLooks as though we're going for a small corrective in BTC at the moment with my expectation for price to rise back to around the 36500.00 area.
Once price reaches this intra-day style trade target, I will then be adding some SSL (sell-side liquidity to the longer term bear move so long as the bear AP (anchor point) is broken.
Longer term expectation is short for BTC but short term looks long to 36500.
Best of luck.
RTX - Raytheon TechnologiesRecent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter.
Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
EURGBP - Looking To Buy PullbacksD1 - Bullish divergence
Higher highs.
Price has respected a strong support zone and is bouncing higher.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further in the short term.
Bitcoin Short position at 41500?The price of Bitcoin is compressing and could move towards 41500$ if the downward trendline is broken. If this movement is slow and in pullback style, in the range of 41500$, we will wait for the return candlestick pattern for the short position to target of 39000$ and 36500$
whats your idea?