Shortterm
BTC Short-Term and Zigzag PatternI see a zigzag pattern in the current bitcoin ascent.
As you know, zigzags are 5-3-5. The last ascent of this zigzag (C) will probably be around $ 55,000.
After that, bitcoin will probably go around $ 35,000 to $ 37,000
this correction will probably take more than a month.
Copper has just entered a Wyckoff Distribution!Hello all.
I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax.
Like if you enjoy the idea, and consider following and supporting me.
Peace.
TrickleDown FX
Silver Micro Futures Reversal TradeThe Metal has reached lower rising trendline and looks good for a reversal trade. It is also supported by 200 EMA . Any Breakdown should caution for trade exit.
SL is set near swing low and can be lowered according to risk taking potential. Target is set near the near term resistance. Risk Reward Ratio - 1:1.
HDFC Life Short Term ReversalThe stock has breached lower trend line and took support in nearby support + 200 EMA due to results and might be in for a high risk reversal rally. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 2:1. Any Breach in the major support level below should signal exit.
Caution : High Risk Trade.
ZEE Entertainment Ltd Short Term ReversalThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
SL is placed below major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal
Bitcoin Short Term TradeBitcoin had broken out and retested and may undergo a break down correction. Targets can be placed as per risk taking capacity and can also be used as SL once they have been crossed. Targets are supported by bollinger bands and supports. SL is placed considering a short term upper trendline (Dotted Line).
In case BTC fakes out and enters the previous trendline we can enter a long trade. Target is placed near swing high. Targets can be placed as per risk taking capacity and can also be used as SL once they have been crossed. SL is placed below the long term lower trendline. Entry Should be Taken after confirming Reversal and is placed above a short term resistance.
Minimum Risk Reward 1.5:1.
RETEST SUPPORT!!!!!!!!It's important to remember how the system works, if you look at the chart I'm sharing with you guys, then you can see and i know you know we are not going anywhere without retests support at $42326. If you look at point B you will see the price trying to break the support, but it's rejected. Point A and C as well. Its means Retest before to the moon. Btw, my first long term target is what you see at chart. Any thoughts, please feel free to share with me, I'll be happy. Thanks :)
Signal: EURGBP (1H), SHORT 📉Good afternoon, traders! We got a projection for you. Let's get right into it:
We will be entering this trade, only if we see a nice, clean streak of green candles, going all the way back to the EP.
💱 SELL LIMIT:
- Stop Loss (SL) = ~0.85828
- Entry Point (EP) = ~0.85631
- Take Profit (TP) = ~0.85346
Positive evidence:
✔️ Breakout @ ~0.85631 (at a significant S&R zone).
✔️ Retracement @ ~0.85346 (at a significant S&R zone).
✔️ EMA (50) @ above candlesticks; between EP & SL.
✔️ EMA (200) @ above EMA (50).
✔️ Clean streak of red candles, going all the way down to the point of retracement (with the exception of one green).
Negatives:
❌ No overall downtrend.
In our opinion, the positives are greater than the negatives. Remember: if, at any point before price hits the EP (1H timeframe), we see a decent-sized red candle form, this projection is no longer valid.
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NAS100 approaches the resistance of 15700NAS100 has seemed to reached an equilibrium range of 15560-15700, and can be correctly said to have been hovering around the range for quiet a while. At the upper-bound of the range, i.e. the key 15700 level, we expect a further move to the downside till the level of 15560 as a next wave within the equilibrium range.
However, a break above 15700 would flip the currently held resistance into support, which would invalidate our short bias at the index.
BTC Short-term Analysisbtc is in the Rising Wedge pattern
In the current rise of bitcoin, it has reacted and corrected each time to the support levels (purple arrows) of bitcoin.
This current bitcoin wave is very similar to the 3d drive pattern. Which has corrected 38.2 Fibonacci at each time.
After this ascent in the $ 55,000 area, we will complete the Rising Wedge and 3d-drive pattern and prepare for the C-wave bitcoin downtrend in two months.