as you can see based on Fibonacci lines , we are on the golden 31.5 ~ 31.6 that is 618 fibo from last bull run , and if btc loose it it can go to the 29.7 then 22.6 , but if submit the price above this area , we can see 44k in next weeks, this huge long time ranging made every one boring , BTC is stabilized in 30kish , market is deciding let's see what's...
Is waited for correction nearing the end or just starting... we are now at a big support level, so there is the chance to bounce here, but if we break it, it should be the next big move down...
As you can see in the chart, we have long time channel that is VALID during time. in my opinion, Bitcoin has two down trend ways and no uptrend! These two ways can be: 1- PULLBACK to BIG RESISTANCE which was 19400$, however this price can be EXCELLENT support now, but in 2017 made bitcoin drops to very low prices. 2- According to channel, price likes to go further...
Wave 5 completed and have now touched the downtrend resistance which has played a big part in keeping the price suppressed down. Do bulls get trapped here? probably what makes this time so special? nothing. Trading is a continuous psychological game and the same tricks are used 24/7 365 days a year. Stay safe fam, cheers. 👍
This chart doesn’t have a lot of history, but if you start to look at it there are a few support and resistance points that are starting to get established. Using these as guidance I’m proposing two possible plays for Just Kitchen depending on the direction it chooses to travel in the coming days. As this is currently trading on very low volume, the measurements...
PTON going in for Inverse Head and Shoulder reversal. - Last shoulder to reach around 100$ PT - Looking to load stock and 120$ call around that area for a break out on 126 PT - Bullish on long term
Here is my idea regarding LUNA USDT. Watch out for breakout. Keep in mind, we need a breakout with increased volume for this to play out...
Good afternoon traders, First of all, please get this post 30+ likes to unlock the next technical analysis 👍 Second of all, if this descending triangle gets invalidated and we get a 4 hour or daily close above $34,000 - $34,555 this scenario may play out. $42,000 is a key market structure area of interest, there's been a few s/r flips at this level and it was...
What do you think about this idea?
XAUUSD looking for a weekend ell opportunity as seen in 4 hour time frame a head and shoulders pattern is formed and in daily time frame a neutral candle has been formed and judging by the wick of yesterday's daily candle today's candle should go in and fill yesterday's wick and hence the sell opportunity, overall a bearish market for gold today in daily time...
I show two zones of advantage. The first has happened already. Those looking to short the DAX may be interested in another zone. Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible double bottom. The zones do not mean that the market has to obey them! The zones create probabilities. An additional...
The choice is yours - you can see it any way you like. The technical features here are: 1. Reducing peaks of squeeze momentum. 2. Recent RSI is below 50. 3. Rejection of 4H ATR line. 4. Large area of consolidation. Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my...
BTC Quick dip flip sure this does not look good overall for BTC but it looks like this quick dip down will be bought up and return to the mid 30K's before moving back down lower. a short term day trade for sure. but an obvious pattern I have seen played out over and our again these past few months.
4 hour just closed below the uptrend support. Closing below $33,000 would likely start a bigger sell off. Daily chart next.
Trend switches of the ATR on the 1D and 4H usually mean something on most charts. What they mean is a greater probability for price movement under the switch for short positions and above the switch for long positions. On this chart it does not mean that price cannot rise from under the switch. This is not how ATRs work. ATR's create probabilities. The situation...
Using FIB retracement and SMAs, this chart shows two potential plays depending on the direction BTC goes. Volume has been weak so braking strong resistance levels could be difficult at the moment. I plan to sell at the 200 SMA and possibly buy back in after a retest. Not financial advice and keep in mind I've only been trading crypto for a year.
Those who are in a long position just because we are in a support level will get liquidated first and then those who trade breakout will get punished.
Bearish engulfing candle confirmed on the 4 hour close and before hand rejected the 200 day moving average 👍