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BTC to 34,200 - But that’s not the bottom I anticipate Bitcoin to drop a correction sequence - 34,500 level as a first low From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which to market has interest in recollecting liquidity at these ultra lows This is my take on the market and has been for months. I expect this to happen in the short term timespan
Short
by DickDandy
16
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING * This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades 3 Main Signals: - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Bollinger Bands (default settings) Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate. Indicators (all indicators from Trading View indicator library): - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Volume - Bollinger Bands (default settings) - TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black - Divergence for many V3
by CHART_GUYY
BTC - Short Trade DetailsI suspect a massive short on bitcoin to take place. This is because DXY is showing a bearish breakdown on the monthly - with only a small upwards movement left before anticipated rejection from this bearish retest. This means an extended bull market - and this weekend period utilized to wipe long positions prior to this occurring. There are two major short entry points I can decipher on the chart. The first is 69,250 - which seems to be keeping price below at the moment. The second possibility is an initial move up to 69,900 to 71,000 and rejection from this location. My short targets in white are quite drastic. However again, DXY is showing signs of supporting a very lengthy bull market spanning the next 1-2 years. This to me serves as a justification for these extreme lows to be hit, otherwise I would not be suggesting something so drastic. This HTF bearish trend line supports targets as low as 8,000 - and it’s entirely possible that we don’t see a low that severe, however it is supported by a chart trend line and as such I will be taking it seriously until proven invalid. Happy trading.
Short
by DickDandy
2
Going Long Arbitrum to 1.22+Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am entering now is because of what our RSI chart is showing. We are fairly close to hitting that ascending TL once again and everytime we do, there is a nice pump that follows. Quite simply, I just don't want to miss it. So, if we do drop to the bottom of the triangle, I'll hold right through expecting more upside movement to come soon. This is how I am trading it anyways. You do you.
COINBASE:ARBUSDLong
by stewdamus
Long Bico to .32 CentsHappy Thanksgiving American Friends. I still do expect a holiday weekend pump though we have not gotten as much of a pullback as I had expected to precede this expected pump. For this reason, I have been picking altcoins to go long on that have either not pumped hard yet or have found good support and still have targets to reach. One such coin appears to be BICO. Though it did spike upwards and wicked into the target area that I had drawn for this inverse Head and Shoulders pattern several months ago, I expect coins to remain in that target area once reached for at least a few days before dropping or proceeding further. For this reason, I think BICO will move towards this target area yet again. Additional incentives for entering here include the facts that: It has found good support on a big area of confluence which include the 200 day sma, the 50 day sma, and the neckline of the inverse h&s It has also found its support on the RSI which acts both as support and shows us some hidden bullish divergence from origin of the trendline I have entered BICO at .2572 with a target of .32, a SL of .23 and a r/r ratio of 2.2 None of this should be construed at fin advice. This is all for your entertainment. Best, Stewdamus
COINBASE:BICOUSDLong
by stewdamus
Going Long LiteCoin to 81Traders, I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2. None of this is fin advice of course. All purely for your entertainment. Stewdamus
COINBASE:LTCUSDLong
by stewdamus
SBI to INR 600 again?A 5-wave impulsive rise was spotted in SBIN beginning on 26Oct and ending on 16Nov.The stock moved 8% during this impulse. The correction that began on 16 Nov was quite steep and swift forcing the stock to give up on 70% of the gains it made during 'wave i' phase. Now, however after having completed the correction the stock is set to move up again in 'wave iii' phase. The projected length of this wave suggests that the stock could soon be at the INR 600 mark. As of now the low of 555 is being considered as important reversal point and being considered for 'SL'. Note*- The views expressed here are absolutely based on personal opinions &observations. Please do your own research before making any trading/investing decisions.
NSE:SBINLong
by neeraj_2_sharma
4
Going in Big on Stellar (XLM) - Target .18-.19 Cents!This one will be a longer-term swing. It may take weeks. It may take months. But the bottom line is that I like almost everything I see about this chart. Let's start all the way at the bottom. In mid-June price was at or near multi-year lows. RSI indicates we were way oversold. We started digging ourselves out of the hole then and haven't really looked back. That trend-line on the RSI is highly significant. Every time we've touched it our price has pumped. Our first touch was at the formation of the triangle bottom in mid-June at .07 cents. From June to July we went from .07 all the way up to almost .19 cents, nearly tripling. Every touch thereafter netted at least 30% from touch to top-out. And just recently, we have touched that sacred magical line once again. I believe this next pump is only beginning. Now jump on up to the price chart. Feast your eyes on that beautiful ever-present bullish triangle. Isn't that amazing. But it's not just the size of it that I am excited about. Or the precision of touches to the top-side and bottom. Look at all those SMAs (50,100,200 day). Do you see how there all in the same area? And they are all providing us support rn. Additionally, just under all of them, we have a major horizontal TL. This provides us with a massive area of confluence that it become ridiculously hard to bet against. I'm in at 11.8 cents with a SL comfortably under that last pivot low (9.5 cents to be exact). I will be taking profit along the way but will hold at least 25% of this trade to the final target unless I get stopped out of course. I will be raising my stops a comfortable distance along the way. Right now they are about 18% below my entry and I will draw them closer and closer to current price as we go. With any luck, we should be in the profit fairly soon and eventually so will my stops. Risk reward ration on this is 3/1. None of this is fin advice of course. Just showing you all how I trade. Best, Stewdamus
COINBASE:XLMUSDLong
by stewdamus
2
Buying Ripple HereTraders, I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak. I've added XRP as a long play to at least that 100-day ma. The red level just above that at 58.5 cents is likely where I'd take 100% off of the table. SL is 49.2 cents for an r/r of up to 4.6. Technicals here show a break of the neckline on a small inverse H&S pattern with a target at the 100-day. The retest of the neckline is now complete. So, we are good to go here IMO. Not fin advice. DYOR. Best, Stew
Long
by stewdamus
LIN Entry, Volume, Target, StopEntry: with price at or slightly above 393.68 Volume: with volume greater than 1.47M Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 393.68 & target of 408.78, a stop at 386.12 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
LLong
by tradepatiently
AUD/JPY - Analysis and trade setupsAUD/JPY – 9/20/23 As always, I initially begin my analysis process by noting any key economic events taking place for the pair within the coming days. This information could be key to understanding the movement of the charts on a deeper level. - In the pair we’re analyzing today, we’ll see that we’re approaching a strong area of resistance that has failed multiple times on the weekly level – however, with key inflation data and reports coming out of Japan tomorrow we could use this information as a reason why we may be able to push out of this triangle and above our resistance zone. 1. HTF (Weekly & Daily) Analysis – Identifying key support and resistance levels and patterns on the Weekly and Daily time frames. This includes current trend and any recent CHoCH. a. Identifying Trend: Looking at the HTF Charts, we see that we have been in a sustained Uptrend. However, after our most recent higher high (which mitigated our HTF supply zone (see below) we created a major CHoCH on the daily TF. We then failed to create a higher high and instead formed a double top at an already strong weekly level. i. In order for price to continue its uptrend, it will need to create a higher high ii. In order for price to reverse into a downtrend, it will need to create a HTF Break of structure. b. Currently at a very strong weekly resistance level c. Nearing zone of recent weekly double top and mitigated liquidity grab (which happened at the top trend line in a symmetrical triangle pattern) d. Highlighted key support and resistance points in red and green to identify recent liquidity zones i. One of these levels was a retrace of the current uptrend which has a massive wick and strong resistance at the 50% fib retracement, leading me to believe buyers are very much present and willing to attempt another break of resistance. Positive inflation news out of Japan tomorrow could be the catalyst to gain the necessary volume for such a push. Having all this HTF information, I can now form a bias as to where I expect price to go long term. Using this bias, I would typically then switch to a middle or lower time frame to scout out key liquidity zones. - In my trading strategy, it is enough for me to look to enter a trade if a MTF such as 4hr and 2hr liquidity zone is hit. However, if a HTF such as weekly and daily liquidity zone is hit, that puts a larger emphasis on the zone. Since we saw a mitigation of a strong weekly supply zone, that would be our signal to switch over to a Middle Time Frame (MTF) such as 4Hr and 2Hr to look for key liquidity zones that we could use to find further liquidity. Only after this step would we move to the LTF of 15 and 5 minutes to look for an entry. If we looked for zone entries on the HTF, our stop loss would be too large. In our case today however, since that weekly supply zone has already been mitigated and we missed our initially entry, we must look for MTF liquidity zones where price may want to go next (if trend and bias is still consistent) to then find LTF entries on. 2. MTF (2HR and 4HR) Analysis - As we move down to our middle time frames, we notice that the massive weekly supply zone created in 2013 was tapped for liquidity in Sept. 2022 emphasizing this resistance level and creating further qualifying supply zones for future sellers. This proved correct recently when this supply zone was retested and mitigated in June 2023 creating a double top and pushing price down to retracement levels up to 50%. a. After identifying our MTF unmitigated Liquidity (supply and demand) zones, we have a better idea of where price may need to go in order to tab more liquidity. i. For buyers, price will want to mitigate demand zones below in order to replenish liquidity from sellers. ii. For sellers, price will want to mitigate supply zones above in order to replenish liquidity from buyers The case for buyers: Confluence: 1. HTF Bullish CHoCH 2. Strong bounce & Support off 50% retracement 3. HTF Uptrend 4. Unmitigated supply zone above For a short term buying opportunity without requiring a break of a strong resistance level, price will want to mitigate the supply zone above in order to sustain a move downward toward a HTF BOS. - In this case, we would look for a move up to the 96.500 psychological level. Since we are in a LTF (15 min) uptrend, for entry into this trade we would await a pullback to recent unmitigated demand zones below. Our stop loss would be below the zone and take profit 1 at next BOS with take profit 2 being our MTF Supply Zone above. o This would yield us a roughly 3.62 R:R trade opportunity for TP1. o This would yield a roughly 5.85 R:R trade opportunity for TP2. The case for Sellers: Confluence: 1. HTF resistance points: Weekly resistance, double top, and top of trend line (6 previous rejections) 2. HTF Bearish CHoCH 3. Unmitigated demand zones below For a short term or long term selling opportunity we would need to see a failed retest and subsequent BOS to the downside with convincing volume. Without this, we could be stuck in a consolidation phase prior to an upside breakout. - In this case, since we just bounced off the weekly resistance with strong volume, we will now look for a LTF CHoCH, identify the LTF supply zone that caused it, and look for an entry with a reentry into that zone. Our stop loss would be above the zone and TP1 at our next BOS. Take profit 2 would be our unmitigated demand zone below o This would yield us a roughly 3.63 R:R for TP1. o This would yield us a roughly 9.63 R:R for TP2. As always, this can go any which way and we need to hold off on trading until the reaction and settling of inflation data tomorrow. Happy Trading 😊
by ReigningTrades