How about a new Spike move?! :DAs u can see #FLM is not that co related to the #BTC or #ETH or even USDT dominance...
i have calculated the #PRZ , Fibo ,and set the safe targets...
due to fundamentals n macro economics we r not expecting any harsh or bad news...whales have removed their orders above 23500 on#CEX and we r not expecting any bearish sharp move...
Flm has seccessfully made a spike move before has done a clean pullback on MA s on different time frames... and if u calculate the last spike move , we can confirm our target safely...
last but not leat the divergence on #RSI is bullish...
:D i hope this analys helps u to make some good cash
Godd luck
Spike
EURUSD post FEDYesterday FED raised the Interest Rates by 0.75% instead of 0.5%.
Despite that, our expectations were right and we saw a wick to the downside followed by a move up.
It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615.
The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next.
Right now, long positions are risky and not confirmed.
NASDAQ 100: turnaround Tuesday Have you ever heard of turnaround Tuesday?
Now you have.
Turnaround Tuesday is a trading strategy that says that "whenever we get a > -1% drawdown on a Monday, you should buy at the close, and sell the next day at close"
This strategy has a success rate of about 60-65%
I will not initiate longs, but I just wanted to share that a spike tomorrow should not come as a surprise.
The general picture is still down. Short every spike.
WXT SPIKE-CATCHER 101The asset has now gained great bullish momentum on the load zone.
The volume kept over the average amount since the violation of its midterm resistance labeled as R1.
For BTC condition and its effect on the shitcoins check out BTC roadmap below...
Fedex Long off RetracementFedex NYSE:FDX is the latest stock on my radar to do a 50% Retracement from the COVID low to All Time High at 204.30. This morning there was a price volatility spike on the 30 minute timeframe (see below) to trigger attention to the setup. I am going to give it a wide berth to play the weekly level but start the position on today's down day.
Bank of America Spike on EarningBank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see if price recovers the March low for a potential failed bearish breakout. Sitting and watching for now.
Entered Long ETHBTCEntered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
what is this Annoying trading range??Hello everyone
In the past 4 days we have been experiencing some frustrating trading range in 4 hours chart for ADAUSDT ,But in lower time frames we can see some good scalping opportunities.After the bear market in the past week this trading range might actually be a good thing (some liquidity is good for a healthy market).
In 4 Hours time frame we have the support level of 0.93$ which been tested almost 4 times in 4 days and resistance level of 1.00$.Also we can see higher lows on the daily chart which can be seen on RSI in 4 hours,This is might be a small hope to see strong bull trend or maybe a spike in our charts.
"Facebook Can't Go Lower" Part 3Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go lower" my trader senses told me one thing... it WILL go lower. That is why I made that line into a meme at the time.
Now, after many new lows and 68 days of trading after the dump a technical setup has formed that I actually like. I don't know the future but at this point you have a defined bullish trend of buying to key off that has pulled back to a 50% Retracement. From this price action a trader can size their position and risk accordingly. This is something that was NOT possible if someone just bought on the dump alone.
It was entirely possible that Facebook could have gone lower and lower. Fortunately and unfortunately it did not. Fortunately, as many investors are surely glad. Unfortunately, because returning to breakeven and then profit fails to leave the impression on those that jumped the trade without patience.
The Lesson here is simple: Wait for price action to provide a setup. Even if it takes months.
JAR SPIKE CATCHER 101Jarvis is once again over the load-zone. the recent volume since the violation of R1 is an indication of bulls in power for a move to the following targets.
Previously...
Palantir pullbackPalantir NYSE:PLTR has performed a pullback from the recent rally. This came to my attention from a spike alert and it is happening at a 50% Retracement. This is a followup to my initial entry on March 15, 2022 when no one was talking about Palantir stock anymore (see below). This time in addition to the options position is purchased shares to hold for the long run.
Solana Spike at SupportToday on social media I was asked "what cryptocurrencies can be used to mint NFTs other than Ethereum". Solana is the second most popular.
I was checking Solana BITFINEX:SOLUSD on the daily and I do see a spike trade setup on that timeframe. I wondered why it did not fire in alerts and it is because the ATR Clearance is below the threshold (70%) so it is not one I would trade by my qualification rules. SOLUSD spike is happening at what looks like a support for now. The good reward/risk trade was long from 86.27. If it breaks the stop level... that's bad... so you know where you're wrong and price could fall into the uncanny valley of risk .
Solana at Resistance/TargetFollowup to my post from early March with the spike trade. BITFINEX:SOLUSD has hit the primary target of the spike trade from the bottom of the consolidation which is also at a Resistance. This would be a good time to take off risk. The next Resistance I would be watching is 167 which is the 50% Retracement of the bearish trend of the last few months.
No One Looking at PALANTIR - Google Buyout coming?True opportunity comes with NO ONE IS LOOKING! Once market participants have written off an instrument as a bad investment... that tends to be the bottom.
Palantir NYSE:PLTR has mostly fallen off the radar of most traders and investors as most that bought it in 2021 during the SPAC craze are underwater. There have now been some interesting developments with Palantir specifically with a Google Artificial Intelligence entering into a partnership with Palantir.
The best advertisement is a rising price. You can be sure if Palantir stock recaptures $20/share the media will look back and point at these events as the "reason." The OPPORTUNITY was really on March 15th and I posted my trade then. This video shows what true technical analysis opportunity looks like and why investors need to leverage trading skills to find the best entries for long term investment opportunities.
The Nasdaq just did THIS - Pullback ComingThe stock market rally is stalling out today and the Nasdaq has hit a key Resistance. Does this mean the end of the recent rally? Is the market heading for a crash? I'm going to look objectively at price action and the VIX to explain my thesis as to why a new All Time High for 2022 is likely.