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Tommy

Bitcoin Free Trading Setup#BTCUSD #Bybit #1HR #Tommy - Here is BTCUSD 1hr. Right now top of the red parallel channel is acting as a major resistance, or the down trendline. - In a short term perspective, 8750~8810 where the recent side way volumes are located, it also acting as a resistance if Bitcoin can break this area above, we can expect some bullish waves. - If Bitcoin breaks the red channel above in 4 hours from now, 8870~8920 could be a decent resistance area to consider. - Within 19 hours from now, if it does break the channel above, 8870.0~8920.0 would be a appropriate entry point for short position. - On the other hand, if we get to see another lower low, the bottom parts of the channels that I have drawn on the chart would be acting as a great support. For now it’s around 8480~8580.
BYBIT:BTCUSD.P
by Tommy_Trader
2
Crude Oil free trading setup#CrudeOil #Tommy *** - Here is crude oil 1hr. Currently in a short term perspective, we highly need to monitor the orange down trendline and the green upward channel. - If bottom of the green channel fails to support, we can expect some correction. On the other hand, if it breaks the orange upward trendline above, we might expect some bullish momentum. - Personally I am looking forward to enter short once bottom of the green channel gets broken below, and enter long once the orange trendline gets broken above. - If oil breaks the bottom of the channel and enters correction phase, 31.60~32.20 seems like a good area to enter long. - There is a major resistance area around 34.20~34.60. It is important to check if it can make a higher high this week. The recent high is 35.18 by the way.
NYMEX:CLN2020
by Tommy_Trader
NASDAQ futures trading setup#NASDAQ #NQ1! #Tommy **** - Here is NASDAQ daily. It’s been recently forming a rising wedge making higher highs. - This means that if it breaks the wedge below (or bottom of the green channel) we can expect some correction phase. - A significant bearish divergence signal at daily RSI has not been shown yet. The RSI resistances are 73.6 and 80.5. - Most probable and reliable signal of correction would be when the daily RSI breaks the blue channel below. - I am currently considering major resistances at 9550.00~9700.00 and if we get to see higher high, 9885.00~10005.00 would be an adequate resistance area to consider. - Personally, I think the best trading strategies at this point is to wait until the NASDAQ breaks the bottom of the wedge and enter short or enter short at the resistance areas I have mentioned. - Some major supports are expected at 8940.00~9040.00 which is the bottom of the red channel, and at 8730.00~8830.00.
CME_MINI:NQ1!
by Tommy_Trader
Apple Free Trading Setup#APPLE #NASDAQ #Tommy - Here is my technical analysis for Apple daily chart. Similar to the NASDAQ chart, the uptrend momentum has retraced more than 0.886 retracement level of the corrective wave structure that was caused by the COVID19 FUD. - Apple has recently broken the red upward trendline below and a is being resisted within its retest area after. - It is quite significant to monitor whether it can break the recent high, which is $327.85 or not. It is very likely to for Apple to test the resistances around 338~344 and 352~359 once it breaks the recent high. - As I have just mentioned, 338~359 is the major resistance area if we see higher highs, and thus would be a good target for those who have already entered position. - According to the various technical indicators and considering that the retest resistance of the red trendline is located right above, corrective phase can emerge at this point so entering position right at this level is not recommended. - Also make sure that green upward parallel channel is valid. The corrective phase scenario is much expected once it is broken below. So for those who has entered position around current price range could set their stop loss below the channel for a proper risk management strategy. - For the bearish case, if it fails to make a higher high and starts to form corrective waves, we can expect supports at 294~302 and 279~287. - Last thing to pay attention to is the MACD for daily. Not only the bearish divergence signal has appeared on histogram, the death cross for the two EMAs are imminent. Therefore, next year, we should carefully observe it the daily candle close causing this death cross. Once the cross shows, it can be comprehended as a bearish signal.
NASDAQ:AAPL
by Tommy_Trader