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CL > opportunity for large gain over a short time periodOil is showing a classic rectangle bottom. This is a pattern at the end of a down trend. The criteria are. That one of the horizontal lines needs to be touched 3 times and the other 2 times. This fulfills the criteria. Rectangle bottoms can break out in either direction. Be prepared to take a short or long position on candle close (in this case a 4h candle.) Rectangle bottoms do even better when the volume goes down as the rectangle moves to the right. This seems to be the case here. You can also trade this by going short when price touches the upper line and buy when it touches the lower line. You can see the potential targets and they are substantial. Though I would decrease my position as it approaches the target and pocket some profits along the way. Please like and follow if this has been helpful. Ms Bunny
NYMEX:CL1!
by UnknownUnicorn11430563
17
PLUG showing potential upside, but leaning to a check of supportIn looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend. Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92. If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move. Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
NASDAQ:PLUG
by rickhubbard10
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening? Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period. As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries. Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss. But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are: TSX:CRON, TSXV:EMH, TSXV:N, NASDAQ:TLRY I'm not saying the above are great. If others find good ones, then help out everybody else by sharing. Other cannabis stocks are at all time lows. Some say they will pick up. How would I know? Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OTC:GTBIF
by Captain_Walker
Bitcoin's future projectionI think this 4 years cicle looks similar as the bullrun in 2013/2014. My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021. At the start of 2022 we will go bullish again and we will see the top of this bull cycle around 200-250k. After that we end up in a new bearmarket, what will last for 1,5 years. Bottom will find again in the 45-50k area. Then we can see a new start of a 4 years cycle. Next halving is around march 2024 and we hopefully see another great bullrun!
BNC:BLXLong
by AlcoTrades
1
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account. The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here. All you can do is take a controlled affordable loss (aka stoploss). This is positional play for finding a trend south on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
BTC USD Just A thought As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart. Although it might ,.. this chart does not necessarily reflect my opinion on the matter. I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something. I never make judgements about the risk preferences of others and yet I'm already imagining the comments... (if any).
BITSTAMP:BTCUSD
by Rekt4Sure
15
CL> triggers for either a short or long position.Hello fellow traders! I hope you are enjoying my charts and analysis. As you can see from my past analyses and now this CL analysis, I am strictly a trade by patterns kind of person. Wedges, ascending/descending triangles, pennants, flags, diamonds, double/triple tops, head and shoulders carry GREAT POWER especially when combined with support/resistance and supply/demand, (support/resistance is not the same as supply/demand despite debate to the contrary- though they are interlinked). I remember a quote from a ancient Greek philosopher (I think ;)- though I can't recall his name that states "with great power comes great responsibility". What is our responsibility? Always manage risk and reward to near perfection AND always use a stop loss. Some traders may not use a stop loss but I think this is a recipe for disaster. Disaster may not come today or tomorrow or next year or the year after that; but rest assured it will come. All the traders I know who did not use a stop loss did so after striking disaster. Avoid impending disaster by always using a stop loss. If you enjoy my charts and analysis please support with a follow and a thumbs up. It will make my day- believe me :) ANALYSIS OF CURRENT CL CHART: (follow the numbers below with the numbers on the chart) (please see my previous analysis of CL and how closely price has followed my idea, including the big crash the other day) 1. The basic premise of this chart is- Are we in the initial stages of forming a new downward parallel (purple) channel? This would make sense with oil and the upcoming summer. 2. We have been following the yellow parallel channel since October 2020 (Autumn- not a surprise). Now we are possibly forming a new down channel shown here in purple. We are at a critical point here with the bottom line of the yellow channel forming resistance. Price ended Friday right at this resistance. You can mentally form a symmetrical triangle around the current price action. This supports a crossroads because symmetrical triangles can break out in either direction. When 2 factors come together at once it supports your position. 3. You can see the big black wedge that is formed and you can see that price broke out of the inner wedge bounded by the red line and the black line of the black wedge. A wedge within a wedge is another crossroads sign, so now we have another signal that we are at a critical area. Price temporarily broke out of the black wedge but this was a false breakout. 4. A trigger for a long entry will happen if price breaks the black trendline of the black wedge. You may enter on the breakout (aggressive entry) or on a retest of wedge (conservative entry and you could miss the entry). 5. A trigger for a short entry will happen if price breaks below blue support line and becomes resistance. Again you may take a position on the breakdown of support or a retest of what will then be resistance (this is called confirmation). You can see that if price breaks down we still need to get through the demand zone which is weak (this could appropriately be called support at this point). If price breaks below the blue support line and especially if price breaks below the next demand zone, then I would say we have confirmation of a new downtrend within the purple parallel channel. Those are the 2 scenario's for this week. I do not know which way price will go so I always like to set a short and long trigger. If I had to say, I would say price will go back up because wedges usually take priority. But not always! If you would like me to do some tutorials on trading with shapes and patterns I would be happy to do so- let me know in the comments. I have a lot of information to dispense about patterns if desired. One last thing- the only indicator I use is RSI. This is primarily to look for bullish and bearish divergence (regular or hidden). I do pay attention to overbought and oversold but this is secondary as price can remain in these areas for a long time. But if there is bullish or bearish divergence in one of these zones it is a very powerful tool. Thank you all for listening. I always want everyone to win their trades. I never root for someone to lose money. Even if someone takes the other side from me. The market will decide who wins; not me. Again you would make my day with a follow and a thumbs up :) Ms. Bunny
NYMEX:CL1!
by UnknownUnicorn11430563
8
BTCUSDT 4H | Bitcoin market overview: TriangleHello, dear subscribers! In the previous review, we looked at the price decline as the most likely development of events in the bitcoin market. We outlined the support and resistance zones. Since then, the bitcoin price has fluctuated between $54,000 and $60,000. In recent days, buyers have been battling sellers for the $58,000 level. The bulls managed to briefly hold above the $58,000 level, but time after time they were squeezed by the bears below $58,000. The bitcoin price has drawn a " triangle" pattern. The closer the price is to the top of the triangle, the more likely it becomes that the price will exit the triangle. The subsequent price movement after the exit is usually the height of the triangle, which in this case is $7,000. It follows that the movement targets will be $51,000 or $66,000, in case the bears or bulls win. According to the MACD and RSI indicators, we are in a downward price cycle. The OBV indicator is above the support zone of the buyers - 2.15M near its maximum values of 2.25M. In the coming days we will see which side, buyers or sellers will win. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
FTM/USDT- Correction continues.Important levels/Global patternsHello everyone, analyzed the FTM/USDT pair In the review, a falling wedge can be seen, which indicates that the big player is accumulating positions. Also, a minor figure is a symmetric triangle, which in many cases is broken down impulsively. If we combine these two patterns, we can assume that the price will continue to fall to at least $ 0.36. This level and the zone of accumulation of buy orders is still one of the key levels. Since according to the Fibonacci grid it is the level of 0.618, which is corrective. The correction of this growth has already amounted to 60%, which is a strong sign of oversold. Personally, I would, relying on my trading system, place 2 pending buy orders in a white rectangle. in a range such as: $ 0.348-0.368 But one factor warns, it is the shadows of the candles, which the big player can close with full-fledged candles. But I would prefer to work long, with a short stop loss only after the price rolls back from this level. The volume for sale is weakening. Also, if the price goes beyond the dotted resistance line, open a long after confirmation. Indicators MACD, KDJ and RSI on the 4 hour timeframe are in need of correction. Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
F
by CryptoJaegerB
1
BTC/USDT - Continuation of a trend or correction? BITCOINHello everyone, analyzed the BTC/USDT pair Judging by the fact that there are no strong sales and the last ATH level is trading. You can see how buyers want to push the price higher. I slightly adapted the markup, after a small sideways flat - I think that the price will make an upward move. Cancellation of this scenario - price drift under the red area of ​​$ 52-51 thous. Why is it prone to growth? to be honest, I would like to see a small correction for further growth of 70k. Making an overview of the withdrawal or entry of large wallets, I dare to assume that great players accumulate positions on their wallets and withdraw bitcoin for cold storage, when other traders do everything for a turn. Also worth noting is the level of the previous ATH. If the price is left above this level ($58150) for 3 trading days, it is definitely worth looking at long positions. If not, then it is better to look for the levels of the purchase zone for yourself. The indicators and the fixed rate are still positive for growth, although they have increased slightly. The market has weakened a little, but this does not prevent the price from pushing up. Here I indicate only my actions and entry points to a particular position. "This is just my opinion, trade with your trading system Have a nice day and come back again." Subscribe to my free and open channel. There are no premium and VIP groups here - only free communicatio link in the description
by CryptoJaegerB
3
GOLD XAUUSD TRADE UPDATE 2HR TAKE PROFITOur first take profit target is hit! We have now closed half the position, locked in some profits and will look for continuation of trend. The remaining open position has pulled back aggressively, we will watch closely from here and make a decision to close position or not very shortly. I will update analysis when we have more information available. If you like this idea or traded it with me please like and follow for more ideas. ORIGINAL TRADE IDEA BELOW
OANDA:XAUUSDShort
by JembussTradeSignals