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DOGE Elon has impeccable timing. Huge wedge break.Hello Traders, If you have been following the recent brute force take over of Twitter you already know that Elon with a plan in hand will accomplish his goal. That said, we ironically have a huge technical pattern to break the news of his accomplished purchase of TWTR. It is quite obvious that Musk has plans for crypto and has been a bullish advocate for DOGE a long time running. Many rumors across the board have said many possibilities for the crypto now that Elon will be the head of one of the most widely recognized social platforms in the world. Something also to note is the Inverse Head & Shoulders pattern which indicates a reversal of a downward price trend. It will be interesting to see that happens over the next few months both with DOGE and many other coins along the way. Have a green week! Savvy
BITTREX:DOGEUSDLong
by Savvythe1
8
Important information about BTC next movesHere some important information about the market. BTC is still bullish for me as Long as it holds these levels. BTC is in a sideways uptrend / big accumulation zone Big picture. (Not showing it on the charts) There is a high probability that it will fill some 4HR imbalance under liquidity before seeing some bullish action again. Also its an important OrderBlock to hold for further bullish long term action. There is a nice Supply orderblock to pick up some shorts towards the imbalance if price wants to make some Bullish inducement to trap long traders. If it gains the red Supply orderblock i will look for Longs more up that made the break. This is my idea for the week its no financial advice.
BITFINEX:BTCUSD
by Dave_DayTrader
2
Long-Med Term Bitcoin will CRASH! Here's Why?!?As shown by the white circles on the bottom indicator on the screen (stochastic RSI), you can see how every time we have been in these overbought regions. A red dot signal on the top indicator (Market Cipher) has always occurred, these two signals have indicated very bearish patterns reliably every time its occurred on the weekly time frame. That does not mean however we wont come up during the next couple weeks/months but it does mean that we will come down in general in the weeks/months to come. I'm expecting us to come down around 25-45 percent, I came up with this conclusion since that was in the range of how much we dropped every time we have had those signals line up. I do believe after the crash it will then be a amazing time to buy and we will enter and bull market, but not until we cool off with a dump.
BITSTAMP:BTCUSDShort
by ValtheZniper
1
My Thoughts On Nasdaq Next Possible Move! I believe we may have a little bit of a runup before dumping in the near future. I believe we may come back down a little bit as we did in the past and depending on how price reacts we may uphold uptrend support or we may lose it and come down (Local Support 20-EMA, the white line in the middle of the keltner channel). Cause of this I would wait till price action comes back down to the 20-EMA, if that now support is lost we will most likely come down to the bottom of the keltner channel and this will signify price is in a possible down down trend. If that support is held we may come up a little and then dump in the near future. BTC follows the NASDAQ pretty closely so it very important to look at when getting into trades in BTC.
Long
by ValtheZniper
1
US30 BUY IDEAHello everyone, Today I'm really gonna go in depth on my explanation for my BIAS for this trade set up I have an eye on and I am waiting for. The main Idea being, Last week's High was created on Tuesday around level 35500 where I have the left hand side chart showing the Right shoulder reaching up to that light blue box -- Tuesday's Old High (March 29th). We can also see that Thursday we create sellside liquidity (W), that gets taken by 150+ pips on Friday (during NY session) before the rally that takes buyside liquidity and creates a BOS. Once that burst happens and takes Buyside liquidity -- we are left with a FVG which is basically just an imbalance in the market (we can see it is a massively large blue candle) meaning it resided only with bullish buyers -- no sells took place during that period in time. So we can then come to expect price to come down in order to fill in that area on imbalance. I then took my fib to see if it was hitting any ideal level of discount -- which it is the 0.705 -- could come lower into the 0.786 which im allowing my SL to give me room for that. I am also using that consolidation zone that was created during wed-thurs session which was raided friday during new york to serve as a support for my buy bias. Expecting that FVG + Supoort level and my Buy idea that It wants to go for Tuesday's Highs. I will update my bias as it goes --
ULong
by BDripTradess
#ES Futures 3.14.22 Overview and Levels to Watch Globex inventory built up between our 4220-4214.75 and 4234.75-4229.25 levels and when we failed to extend and hold this morning we started selling out. We are under our Key level and question today is will we see more downside or will we get back over and test our upper levels. On the downside holding below our Key Level 4220-4214.75 is a sign of weakness and leaves the door open for a test of 4191-4185.50, 4168.4162.25 and next Key Support at 4143.75-4137.50 if that gets taken out look for 4123.75-4119.25, 4103.25-4099.75 and next Key Support at 4084.50-4077.25. On the upside if we get back over 4220-4214.75 we can see a test of PM resistance at 4234.75-4229.25 if we can take that out then we should see 4252.50-4247.50 and next Key Resistance at 4272-4265.50. We do have a lot of inventory over 4220 so it should be a challenge to get back over there unless we run out of supply.
CME_MINI:ES1!
by HollowMn