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RUNE, Rejection or Break Out?RUNE is trading near strong former support which is now acting as a resistance. Strong support/resistance static line with several hits (7 times ) is shown on the chart by thick red line. This static line supported the price for 5 times before breaking down. After break out , RUNE has found a new support and currently is at mentioned line again and may develop a valid pull back. Rejection or break out? I myself, give more chance to rejection however, we have to be ready for every scenario. Both rejection and break out targets are shown on the chart . We need a valid trigger to open a short/long positions at support/resistance zones. As always, we are trying to be unbiased. Selecting right position , RUNE will brings us nice profit. Good luck everybody.
by SaeedSajedi
1
₿ 🛬 💥 BTC reaches TOP OF CHANNEL - SHORT INTO A MASSIVE DUMP!?As we reach the top of the BTC channel formed over the past month and a half, we are staring down a barrel with the possibility to enter a MASSIVE SWING SHORT position if certain conditions are met. These conditions could be either trapped longs to fuel the way down to the 17000s or reentering the Value Area and price acceptance within. As price hovers at the top of the channel I am patiently waiting for my entry and not risking opening a position without obvious confirmation. Without a doubt, there are chances that we continue higher to 27380, but one should not rule out the possibility of rejection in front of us. Best regards, VOLK
BYBIT:BTCUSD.PShort
by VOLK-
Bitcoin - a short, medium and long view in outlookBitcoin has lost a critical local support zone, also coinciding with the loss of the lower pivot in the local downtrend (1H). At 4-hour levels, the bearish channel that has formed and the rejection at the top of the bullish channel can be seen even better. In the daily scenario we continue to hold the bearish channel with a re-entry and rebound that could swing the price back between $22,000 and $20,000. A clear entry point is yet to be established, and we expect high volatility dependent on financial markets. If these pick up, we can get a short target with entry at $28,000. In the event that the stock market is more affected in the short term, the support of $20,000 and $18,000 could be in danger, since a double top pattern on historical highs has been completed, whose projection could take the price of Bitcoin to $14,000.
INDEX:BTCUSDShort
by jumper_stars_trading
BItcoin to 14k No one knows what the heck will really happen with bitcoin but... according to the chart we are in a falling wedge that needs to regain strength killing all short positions. Even if it doesn´t fall to 14k (it will) as, cash left the market, high inflation worldwide, energy price for miners, trend analysis, and trend following, I would not mess with crypto right now. Is not even cheap to buy it now, this is not the deep. A possible scenario may be a correction of 90% from 28k. Don´t get me wrong, I am one of the believers of the blockchain, Bitcoin will go to 200k the next bull run, but not this year. Let me know what you think. Be wise don´t work for money, make money work for you.
BITSTAMP:BTCUSD
by DeFontain
11
We will be long-short-longThat is long in the short-term (until the Fed), short in the medium-term (until October), and long in the long-term (until next Spring). Through some creative analysis, I have us in Primary wave 4, Intermediate wave C, and Minor wave 2. I expect Minor wave 2 to end tomorrow, likely earlier in the day and then we begin Minor wave 3 up toward 3975. It may take 2-3 days until wave 3 ends. Wave 4 will likely be a day long and I have currently plotted it halfway between the projected movement of wave 3. The final wave 5 will likely last around 2 days. Based on prior wave C movement, the strongest model agreement has wave C lasting 7 days. I figure 7-9 is safe. Based on prior wave 4 movement, the overall move has the most model agreement at 28 days. I think we will fall short of this mark as the Fed rate hike occurs two days prior to this point. We could drop into the rate hike and finish 4 with a wave 5 up after the hike if “it’s not as bad as forecasted,” but most of us are ready for the 100+ basis point future. Wave 3s ending in 4C3 tend to extend 101% beyond wave 1’s movement 75% of the time (1st Quartile), beyond 112.68% on 50% of the occasions (2nd Quartile / Median) and 25% of the time (3rd Quartile) it will extend 125.81%. Wave 4s ending in 2A4 tend to retrace the wave 3 in which they follow by 29.58% on 75% of occasions (1st Quartile), retrace 54.82% half of the time (2nd Quartile / Median), retrace 84.72% on a quarter of occurrences (3rd Quartile). We will likely top out above 4000, but how much further remains unknown. Early earnings may be paltry, but earnings forecasts post-Fed rate hike will likely take us down through 3400 over the next 2-3 months.
SP:SPXLong
by StockSignaler
Ethereum is Ready to Mess UP! (Road to $775)We see that we have reached the end of the ascending channel in Ethereum, and if this ascending channel is broken down, it seems inevitable that the price level of $775, which is just fib support, will come. We clearly observe the interaction of 3 separate support and resistance levels with the price. As long as the vitally important 3rd level is not broken upwards, the channel structure we are in is suitable to be broken downwards. In addition, the 50-day simple moving average acts as a resistance element for us.
Short
by the6ylal
1
Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time. Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear. On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
BShort
by the6ylal
Trading in PARIS - How AUDNZD and AUDUSD worked out on holidayEven traders need to go on a holiday! However, the markets don't wait for anyone and we were trading on the road. We first took a trip to Paris and it was a hard adjustment because we were trading in different timeframes and traveling all around the country. We could not post our ideas before taking them as we did not have laptops. Metatrader come to our rescue and in the past 3 days, we have made 2.7% with a 100% win rate There was a pattern on AUDNZD plus a lot of consolidation so we decided to go long @ 1.10049 and closed the trad @ 1.10306. There was a harmonic pattern to go long on this. We decided to go short on AUDUSD @ 0.67685 and took profit @ 0.67393 13/07/22 01:3 AUD/NZD Mini converted at 0.858699866543 SD50.76 13/07/22 20:50 AUD/USD Mini converted at 1.39984062 SD1.47 13/07/22 20:47 AUD/USD Mini converted at 1.4016764 SD28.65 Funds: SD11,604.42
by JD_TeenTrader