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BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a one-day interval. At the beginning, it is worth marking with blue lines the sideways trend channel in which the price is fighting to go up, while locally we can see that the downtrend channel has been defeated, despite the numerous fears that have appeared in recent days near the Binance exchange and its BNB coin. Let's start by marking the support spots for the price and we see that we first have support at $310, but if the price goes lower, we have another support at $293, then at $279, and another support at $266, at 0.618 FIB. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently testing resistance at $331, equal to 0.618 Fib. We continue to have strong resistance at $360, once the price breaks it, it will move towards resistance at $399. When we look at the volume, we can see a definite predominance of green candles. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has approached the upper limit of the range, which, combined with the exhausted energy on the CHOP, may give the price a rebound.
by cryptodailyuk
ZM 27 JAN 68/70/72 BUTTERFLYSIDEWAYS SET UP: Detailed Definition of setup and what market conditions are desirable: Since January 9th ZM has been in a sideways set up with no real trend making relatively equal highs (72.16)/lows (67.67) and a flattening 20-day & 50-day SMA's. Detailed Definition of the trigger (entry point) used to enter positions I'll be using timeframe as a trigger, not stock price. I'm giving this until Jan. 27th targeting 70. Detailed Definition used to determine Stops (abandon or adjust) No stops. I'll be set up for max loss. Detailed definition of setup and desirable market/sector conditions Communication Services sector has a +2 outlook, however, the stock is not in a strong rally or pull back with stable volume in the sideways channel. Detailed definition of charting criteria needed to enter positions Because there is stable volume and it's been consolidating the last few days, charting criteria checks off with my theory. How strike prices and expiration dates are selected If you take a look at the the daily chart, I'm using the body of the candle that was established on Jan 9th as an anchor. So this is how 70 was determined for the target. On the hour chart, you'll see a more defined channel ranging from 72.16 and 67.67. Position management strategies when the stock goes lower If this goes lower I'm set up for max loss and I'll move on to my next trade. Position management strategies when the stock goes sideways If this trades at 70 by this Friday, I will close out the entire combo and take profits. The yellow downtrend line is draw on my daily chart from the ATH and touches the high on August 5th 2021. If this stays at 70 on the hour chart, it should touch the yellow trend line by Jan 18th which I would expect some reaction maybe. This is another reason why I put this out until the 27th. Now, when this IPO'd back in 2019, it was right in this area which is part of another reason why I think it'll continue to trade in this range until next earnings which is scheduled until end of February. Position management strategies when the stock goes higher If this goes higher, I'll be set up for max loss and I'll move on to the next trade. Position management strategy at expiration In the event that this is not trading at 70 by this Friday, I will hold this until expiration to see if it'll come back into the apex of the trade. Either way, I will update my notes here as the trade unfolds.
NASDAQ:ZM
by MMOTA_
1
BMRI - Awaiting for The Next Reversal PointA symmetrical triangle pattern appeared since Feb'20 to Jan'22, and create a foreseeable target price IDX:BMRI at 11,250. The price was hit 11,000 in Dec 6th, 2022, nearly hit 11,250 as a mirroring projection to the symmetrical triangle, and making a corrective wave so far. I used Fibonacci Retracement to find its reversal point, and finally found it at 8,375 to 8,625 level, I would like to buy IDX:BMRI at these key level. Wish me luck.
IDX:BMRILong
by BaldAndBold1385
BTC/USD Sideway what can we plan?Hi everyone and Happy new years 2023 From Thailand. Wishing you happy and wealthy. Okay let talk about BTC, we surely BTC are in downtrend and now are sideway in downtrend after that no one know it will go to lower low or make reversal pattern but we can do trading by use Stochastic you see in Charts Stochastic quite affect in sideway, my advise is when Stochastic are Overbought and clash with resistant that are Shorts/Sell Signal and Stochastic are Oversold and clash with support that are Long/Buy Signal. However you have to follow closely because range movement of BTC it's so narrow, keep do risk management if ratio of risk/reward less 1:2 it's not worthy to take that position. That my idea hope you get some ideas to trade. Ps. Market always right and should not fight with market.
COINBASE:BTCUSD
by Nicehappy
MMM 16 DEC 120/125/130 BUTTERFLYSIDEWAYS RANGE TRADE SET UP: For the most part, this has been making relatively equal highs and lows between....let's call it 120 and 130. The 20 day and 50 day are flattening and it's not in any strong rally or strong pull back. I determined my target using the hour chart. I was thinking about having this expire this Friday, but I didn't feel that was enough time so I put it out until next week. I'm set up for max loss and risking only about 1% of my portfolio.
NYSE:MMM
by MMOTA_
Bitcoin getting ready to short-term trend (breakout)Bitcoin has been consolidating in a rather neat, orderly, and tight sideways range for 11 days. It's about 11% off it's cycle lows digesting a landslide of negative headlines. This feels like it's ready to breakout sooner rather than later if I had to pick a side, it feels like the breakout direction favors the bulls — but as the saying goes — no trigger, no trade, so there's nothing wrong with staying patient and watching for the move. I do have a long position in BTC and would add to it on a breakout.
COINBASE:BTCUSDLong
by EvanMedeiros
2
GME 21/24/28 Broken-Wing Put ButterflyRange-Bound Pullback Set-Up: Since about early September GME has been range bound between 29 and 24. The entire market was down for the month of September, yet this traded range bound in this area. But towards the end of September, it tightened it's range bound between 27 and 24 and trending lower at a slow pace. With the big green day we had in the markets Thursday after CPI and another green day on Friday, this really didn't move as much. If the range is getting tighter and trending lower, we could be setting up to head lower in the 21-24 range. Which is why I had the idea of a Broken Wing Put Butterfly which can work great in these range bound set ups. In order for me to put this trade on, I need to see this trade below were today's candle ends up. Because as of now, it's looking like a reversal candle at the area of resistance. So I'll have to check this tomorrow before executing my trade. As far as stops, I'll be position sizing with max loss. If the market decides to head higher the rest of this month and GME decides to follow the general market, this could make it's way back to another resistance point of 29ish. If by the end of this week it gets to 29, I'll want to see a reversal candle at 29, before I decide to get back in another trade. Trade Set-Up: No trend. It's making relatively equal highs/lows. The 20-day & 50-day SMA's are flattening out as well. I've established that resistances for this particular trade idea is 27 and support at 24. This small rally has brought the stock back up to resistance level and a reversal candle is currently forming. T.E.S.T. Timeframe: 3 weeks. I'll have a December 2nd expiration date. Entry: If this trades below todays possible reversal candle, my entry will be right around 26. Stop: I'll be positioned for max loss. Target: My target is 24. Profit Score: Potential- 2 ATR- 2.18 Score- 0.92 Stock Outlook: 0 to -1 Trade Breakdown: Chart Set-up is Range-Bound and consolidating. Entry: I'm going to sell the December 2nd 24 strike and buy the December 28 and 21 strike. There are no earnings scheduled until December 14th so stable volume is anticipated. Position Sizing: This should be a Net Debit of about 3.10ish by tomorrow if it does fall to 26 tomorrow. I'll be setting up for max loss and only risking 2% of my portfolio. Trade Management: A week before this expires expires I will analyze the trade to determine if I should close out the position before expiring. If this falls below 24 before December 2nd and looks like it wants to run back up to 24, I might want to hold this to expiration to close out near the apex of the trade.
NYSE:GMEShort
by MMOTA_
2
BTC SHORT MIDTERMS~! I WILL SHOW YOU WHY~!Why are we bottoming, this is not yet the bottom but respect the elliot wave ABC down and we are now forming C 0-1-2-3 formation. THE BEGINNING... twitter.com It started here/ We all know that we should have not gone this bad down. We know that 17K was a clear strength for Bitcoin. It cannot be hide because of this twitter.com for me he is important... It must go down in history that his calls are bullshit crap. Exposure to fear and uncertainty. twitter.com few words but impacts so good. twitter.com more reasons but it should be less if you try to summarize the problem. Crashing market in a very minimal reason and few reason as to why I can say why we bottoming. FUELING THE JET FOR YOU BETCH. twitter.com If we become more emotional we are just adding gas to the moon jet. twitter.com so are calling for 10K some are saying lower. I will say we are not gonna go far from 14K any below it is WICKS and WEAK BEARS~! this is a deleted tweet, of @cateringclark, dont ask me for photo, dont be a dumb*ss do you think ill make up stories to save you. I am not here for that. If I will make stories it will be because I want to be richer than God and it will not happen dude. "If you are in alts - get the f*ck out ... This is a financial advice." then deleted... Another whale but not maximalist to bitcoin (but not true) twitter.com Tom Brady's LASER EYES ARE GONE :( and you cant predict it that true. twitter.com I have collected most of the tweets that are sh** show to many... but for me its a good indicator. Algod trying to scam us again, calling for QUITTING TO CRYPTO and quitting because of emotional fortitude is weak. Looool these people are here since you knew bitcoin, and still efing with us with your money to flow in their pockets. Don't sell keep buying... Elon twitted a long winter coming, for me it will be a missed opportunity if you dont buy this coming leg down to 14K... I ve been calling this in my twitter and even had to call it off because of unusual strength at 18K to 17K wicks. Constant meeting with ANTI BITCOIN and pro gold by Peter Sh*t HSAKA a twitter account cuss and trying to hide his excitement that we are bottoming and waiting for side ways. twitter.com proving this as well that D.A.O ruined the market and invited VCs to mess up retailers and solo flight traders and investors. We will always here CRYPTO IS DED twitter.com and immediately got slammed by my favorite TA expert and diligent investor to many projects -> twitter.com the show goes on Crypto is ded twitter.com So if your mom messages you and my AUNT did... for long time not even LUNA also... she messaged me and said whats happening to crypto (FTX)... twitter.com thats why I am relate to this shiiiiii~! THATS IT FOR ME :)
by osodatsismoso
3
BTC forming a PURRfect structure!BTC following the sleepy KATATA Cloud (created by WhoIsWu). Expecting 2022 to be generally a Downtrend year, a few factors contributing to this: Institutions Geopolitical uncertainties Supply Chain woes Work from home trend Inflation (fiat) ...and a million other reasons. I've covered a few targets in my previous ideas, like BTC heading to 33K and then some, targets are still valid. 33K to 30K is a strong Support channel. There's a lot of talk from governments launching/testing CBDC (Central Bank Digital Currency) this year. I'm not sure what that means for BTC, but fingers crossed, we'll see 12.5K. I'll give you a moment to process that. Institutions plan for long term, that includes the institutional Short sellers. A brutal selloff is very possible, BTC has done that a few times. I trade shorter timeframes, 4H, 1H and 15M. But I always set trend on a 21H chart, and favor going Short. Whatever the future holds, a few rules I never break: #1 Setup on Multiple Timeframes #2 Always set Stop loss and Trailing-Stop #3 Never Leverage over X3 #4 While in trade, I'm glued to the screen #5 Don't chase ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ Have a Laugh! Not trading/investment advice BINANCE:BTCPERP COINBASE:BTCUSD BYBIT:BTCUSDT FTX:BTCUSD BINANCE:BTCUSDT OKEX:BTCUSDT OKEX:BTCUSDTPERP
by WhoIsWu
4
TWITTER: Musk announced permanent bansElon Musk said yesterday that Twitter users who have created fictitious profiles impersonating other users without labeling them as “parodies” will be permanently banned from the said social networking platform without warning. In a separate post on Twitter, Musk said that in the past, the platform would issue a warning before suspending a profile, but as Twitter evolves a broad user verification process, there will be no such warning. Also, there will be no “exceptions”. This will be a condition for signing up for Twitter Blue, adding that any name change would cause the user to lose their identity verification token. They will not be allowed back on Twitter until the said social networking platform has “a clear process for doing so”. Organizing such a process will take at least a few weeks, clarifying the timing of the possible return of Twitter’s most famous user, former President Donald Trump, who has been banned. The new timeline suggests Trump won’t be back before midterm congressional elections on November 08. Twitter had a huge drop in revenue due to activist groups pressuring advertisers, even though nothing changed in terms of content moderation and everything was done to appease activists. Musk’s fortune has shrunk by about 35%, to $209.4 billion since its peak on Nov. 4, 2021, from $320.3 billion, and the almost-sole reason for this decline is the decline in Tesla stock. Over the past year, Musk has sold $31 billion worth of Tesla stock to finance his takeover of Twitter and take it private. Since the deal has not been finalized, Forbes calculates the value of the cash (minus taxes) earned from these sales at their net worth. But the row over the Musk-Twitter deal has alienated investors, who believe Musk will pay an exorbitant amount to acquire the social networking platform and that he is recklessly selling Tesla stock to finance the deal. From Elliott wave perspective, on the weekly chart we see Twitter trading in big bullish sideways running triangle pattern that can take some time before we will see a bullish break-out, as final wave E can be still missing. On a daily chart we are tracking a three-wave (A)-(B)-(C) rally within wave D that can find the resistance around 60 level and from where we should be aware of another slow down within wave E that can retest 40-30 support zone before it takes-off.
NYSE:TWTRLong
by ew-forecast
1