BTC confirms Symmetrical Triangle, Fundamentals point LowerWe now have multiple touches on both the descending upper and ascending lower trendlines showing BTCUSD in a clear Symmetrical Triangle.
This is not rocket science this is basic triangle patterns, trendlines, and Technical Analysis.
These triangles more often than not respect the fundamentals and if it does so here then we are looking to break down to lower lows.
This however comes on the heels of big news coming out of the US and the Senate passing the 1.9 Trillion dollar bill including the "Biden Bucks"
to every American. This translates into potentially billions in retail potentially entering the market in the next few weeks as the checks start rolling out.
We expect more downside short term. A BTC close above $51.1k would cause us to throw that idea out and look for bullish short-term sentiment...
Right now however we are not bullish... We are still short and holding, we will see what happens as we move further down.
$38 to 39.7k is a huge liquidity zone in our opinions and we have staggered in a lot of spot buys down there.
Remember the 21 week EMA is the line in the sand and that is still down around $31k, so stop FUDing we are still in a Bull Market!
TA
Big picture analysis on BITCOIN! (Over 100k)What is up my Tradingview family! as you know I have been posting bearish charts on Bitcoin in the short term but today I would like to share with you what is happening in the BIG PICTURE.
When I saw a short term correction coming I took profits and reduced risk HOWEVER I never EVER sell 100% of my position on Bitcoin because this is simply stupid considering the big picture trend.. Its better to sell 20% - 30%.
BTC
ETH
I am now in a very good place with a good chunk in the markets and USDT that I have been steadily deploying (AVG DOWN) back into the dip. This is compounding my portfolio!
In the short term a correction could be over OR it could still see one more sharp leg down. (this is why your AVG back into the market) when you sell into FOMO its very nice because the worst case scenario you buy back near or below the price you sold - the best case scenario you buy everything at MASSIVE DISCOUNTS.
In the big picture I expect Bitcoin to reach $90,000 - $100,000 then proceed to FOMO to $230,000 and potentially $250,000 per coin.
This cycle is a repeat of the 2013 2014 cycle (in fractal nature) but can easily FOMO even higher than that one did.
Stay profitable!
looks like supportgreat job, nice shake out. Now i remember missing the OMG train a few years ago... lets see what it can do in 2021!
This is just the second major BTC correction in this bull runHello everyone.
BTC is faced with massive correction for the second time in this bull run.
The correction is still ongoing.
How soon till BTC recover?
Are you of the opinion that March would be a bearish month for the crypto market?.
Trade safe!
SixtusGlobal 📈
IMRA Technical Analysis 🧙Imara Inc is a clinical-stage biopharmaceutical company engaged in developing and commercializing novel therapeutics to treat patients suffering from rare inherited genetic disorders of haemoglobin.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
ELP Technical Analysis 🧙Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and telecommunications. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
BNTC Technical Analysis 🧙Benitec Biopharma Inc is a biotechnology company developing a proprietary therapeutic technology platform that combines RNA interference with gene therapy for providing sustained, long-lasting silencing of disease-causing genes from a single administration. Its technology has the potential to provide a one-shot cure for a wide range of diseases that are addressed by strict ongoing treatment regimens or that have no effective treatment or only palliative care options. The company is developing product candidates in chronic and life-threatening human disease areas including Orphan disease: Oculopharyngeal Muscular Dystrophy (OPMD) and Infectious disease: Hepatitis B Virus (HBV).
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
ASMB Technical Analysis 🧙Assembly Biosciences Inc is a clinical-stage biotechnology company. It is advancing two innovative platform programs, a novel class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutics, which are designed to restore health to a dysbiotic microbiome. The company's HBV-cure program is aimed at increasing the current low cure rate for patients with HBV and is pursuing multiple drug candidates that inhibit multiple steps of the HBV lifecycle. Assembly has discovered several novel core protein Allosteric Modulators, which are small molecules that directly target and allosterically modulate the HBV core protein. The majority of the revenue is generated from the HBV cure program.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
HJLI Technical Analysis 🧙Hancock Jaffe Laboratories Inc is a medical device company. It develops and sells biological tissue solutions to treat patients with coronary, vascular, end-stage renal and peripheral arterial diseases in the United States and Europe. The company develops and manufactures implantable cardiovascular bioprosthetic devices. Its key products include Bioprosthetic Heart Valve, CoreoGraft- Bypass Graft, and the Venous Valve.
🏛COPPER CORRECTION TO THE TREND LINE ↗️LONG🚀
☑️Copper is outperforming massively
With +119% growth from the recent lows
And The uptrend will continue in future
Therefore, I would be aiming to add copper to my portfolio
At a good price, thus, I will be looking at a long trade
From the area I identified on the chart!
LONG↗️
✅Like and subscribe to never miss a new idea!✅
ETHER Going Up, Up, Up.... Here's ProofI am loving this ETHUSD set up!
Normally I only look at ETH/BTC pairing, but this chart of ETH against the USD was too compelling to ignore.
1. A double-bottom, that "W" shape, is bullish.
2. If we can break that red descending line of resistance, will be bullish.
3. If we can break that horizontal line of resistance, will be bullish.
4. Also, that yellow 20 day moving average on the EMA ribbon will likely be broken at the *exact same time, maybe as early as Feb 26, 2021, morning, depending on where you live.
This will be bullish.
This setup has me pumped!
Trade entry point:
Two consecutive green candles on the 4 hour chart will convince me enough that the double-bottom is in. And once we break those red lines of resistance and back-check/retest that horizontal red line ( at 1584USD/ETH), I am going long, long, long up to 2,046, taking responsible profits along the way!
I'm stoked!
BTCUSD is performing similarly to ETHUSD, but I am waaaaay more bullish on ETH for the next few months, at least.
Share your thoughts & Happing investing!
-Cryptmando
Feb 25, 2021
* only my minion opinion.
BTCUSDT: Everyone waits for the next move...$50.000 is a strong psychological level for a lot of investors. By the time BTC heads aboves 50k the market is going to turn green and then we will be looking for new levels again.
Looking at the BTCUSDT 45m candles chart we can see that iIn short-term you can see a chart pattern in the , after the eclipses there are 2-3 candles that turn green which means that it is a good opportunity if you are a day trader. The price doesn't seem that will make any serious movement and the support level seems to be around $49,200.
Happy gains and Happy trading!
SPY Breakout or Breakdown? Market Direction
Please read the chart. Keeping it simple today. Will answer comments and DM's.
I'll add more notes as we progress through this current cycle. There is too much momentum currently riding to push us out of the recession unless we see really dumb policy or world events that makes the overall market tank.
Good luck & Happy Hunting,
Reg
Check out the W's on UBQBTC weeklyWeekly UBQBTC Is looking very bullish at this point.
Tons of W's both in price and in Oscillators showing us that the bottom might be in and that we are ready for a reversal to the upside.
Willy's oversold
W in Stochastic
W in MACD
W in OBV
Other than that there's the location. This project is down so much that i now have a 120:1 risk to reward.
Doesn't look like a bad trade to me. What do you guys see/think?
Let me know!
Cheers,
W
XRPUSDT: Ripple is doing a correction.Looking at the 2h candles we can see that Ripple is doing a correction after the upward movement that pushed the price to growth. The Fibonaccis show that the price is entering an already created resistance which means that the price is going to be tested there.
The next hours are going to show if the community is confident for a further grow in Ripple's price.
XLM USDNotice the pattern I've mapped out and the similarities we're seeing. Not just in the pattern but the moving averages and the volume as well.
This move we have coming is going to be BIG. Don't sleep on this one.
HODL, STRENGTHEN POSITIONS AND PROFIT!
This is not financial advise and I'm not a financial advisor. DYOR before you invest in anything.
Please like, comment & follow!
Thanks
IMRA Technical Analysis 🧙Imara Inc is a clinical-stage biopharmaceutical company engaged in developing and commercializing novel therapeutics to treat patients suffering from rare inherited genetic disorders of haemoglobin.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
APTS Technical Analysis 🧙Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Student Housing properties; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
PNW Technical Analysis 🧙Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.3 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company's 29% interest in the nearly 4-gigawatt Palo Verde nuclear plant. Operated by APS, Palo Verde is the largest nuclear plant in the U.S. APS has invested approximately $675 million in the utility-scale photovoltaic solar plants as part of the AZ Sun Program, resulting in 170 MW of solar capacity owned by APS and over 1,000 MW of contracted solar energy from power purchase agreements.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
ATO Technical Analysis 🧙Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About 70% of its earnings come from Texas, where it distributes natural gas in northern Texas, including Dallas, and has a 5,700-mile intrastate gas transmission pipeline spanning several key shale gas formations and interconnected with five storage facilities.
If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
TCDA Technical Analysis 🧙 Tricida Inc is a late-stage pharmaceutical company. It is focused on the development and commercialization of its drug candidate, veverimer (TRC101), a non-absorbed, orally-administered polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal, or GI, tract. The primary area of focus is to slow the progression of chronic kidney disease through the treatment of metabolic acidosis.
If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!