Bitcoin Short Term Analysis with Curved Trend Line!Today i will be showing you how to use Curved Trend Line indicator.
This indicator contains 21 period ema which is red line and 20 period sma which is yellow line.
This 2 averages together work like a trendline. So if the prices are below both lines we are in a downtrend and vice a versa.
If price is in the green are which between the 2 lines, that means price is in a area of indecision.
Just like regular trendline, this curved trendline shows us resistance and support areas.
Let me show you with an example.
There is an uptrend that formed in the late January.
Price tested that trend line 1 month later and price went 45k area quickly.
Last week we tested that trendline again and held.
Price can go to the 45k area again.
It can retest trendline before going up.
Or it can go up without testing it again.
This also correspond with my Curved Trend Line indicator!
We are trying to break above Trend Indicator at 40k!
Right now we are testing CTL to go higher. If we can manage to stay above price action will be to the upside of 45k.
Also, for a month CTL act as a resistance.
Everytime price test the CTL and try to breakout above it got rejected.
This is an indicator that works as an support - resistance of a price!
You can also use this CTL to validate your formations, SL-TP points!
Use this CTL with daily or higher timeframes for more accurate decisions!
If you want to try that %100 free indicator just message me!
Important Daily Support
38k
35k
Important Daily Resistance
40k
41k
45k
Trendlineanalysis
shibusdt / longshibusdt / long
After breaking the sloping trend line, we expected it to continue its downward trend after some bullish correction, but this correction has been too long and it seems that sellers are not willing to sell at a lower price.
1-Also seen in the 4-hour time frame is an ascending divergence
2-And also the price is at the bottom of the uptrend channel
3-Therefore, we expect the price to touch the ceiling of the previous channel
Bitcoin Mid-week Update ...and still no confirmation from bears!Traders,
With all the fear I am seeing in the comments and everywhere else, you would think that the bears could have the conviction needed to take this market down (if that's what it's going to do). But no. We still remain in bullish territory overall. Check out some of the things I've spotted here.
-Stewdam.us
[Mad] L1 Manual EntrylineAn idea I had to combine an automatic trading system with manual trading lines,
same concept as the L1 entry boxes, but with more possibilities.
Crossover/crossunder/line-under(trend) /line-over(trend).
Individual counters per line (e.g. max. 1 alarm per line, or 5 ....)
Combinable for logical links with x8 - x16 processor
release inbound :-)
⭕️BUY AUDUSD at the right place ❗️
⭕️You see the analysis of the Australian dollar against the US dollar in four hours(AUDUSD , H4)🔎
🔰BUY Limit AUDUSD at 0.74000
✅TP ; 0.76500
❌SL ; 0.73450
🔰Due to the breaking of the four-hour downtrend line (white line), we are waiting for the price pullback to the trend line areas. The range from which the price can return and resume its uptrend is indicated by two support lines (orange) and the support range (purple)🧐
The target is also placed in the purple resistance range❗️
The profit and loss limits are specified in the image👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
LUNAUSDT m15 - 07/04/2022Luna is having a great triangle here. According to bitcoin, I believe in the next few candles, Luna will make a move toward 110 ~ 112 before another sell occurs.
Good luck.
$RCON entry PT 1.05 Next Target PTs 1.40-1.60 and higherRecon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing techniques; and electronic broken-down services to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; and oily sludge disposal solutions. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.
$MDJH Next Target PT 3.90 and higherMDJM Ltd, through its subsidiaries and variable interest entity, operates as an integrated real estate services company in the People's Republic of China. It offers real estate agency services to real estate developers; and real estate consulting services, such as consulting, marketing strategy planning and strategy, and advertising services and sales strategies. The company also provides independent training and tourism development services. It serves real estate developers, real estate design institutes and agencies, urban planning bureaus of various levels of governments, and urban rail transportation companies, as well as urban infrastructure development companies. The company was formerly known as MDJLEAD LTD. and changed its name to MDJM Ltd. in May 2018. MDJM Ltd was founded in 2002 and is headquartered in Tianjin, the People's Republic of China.
$PIK Next Target PTs 8.20-10 and higherKidpik Corp. operates as a subscription-based e-commerce company that sells girls' and boys' apparel, footwear, and accessories. It offers apparel, including tops, bottoms, cardigans, jackets, dresses, and swimwear in knit and woven fabrication; shoes, such as sneakers, boots, sandals, and dress shoes; and accessories comprising sunglasses, jewelry, bags, socks, hats, and hair goods. The company serves its customers through its retail website, kidpik.com; Amazon; and clothing subscription boxes, which provide mix-&-match coordinated outfits that are personalized based on each member's preferences. Kidpik Corp. was incorporated in 2015 and is based in New York, New York.
BTC is including a local correction after recent gains.Hello everyone, let's take a look at the BTC to USDT chart in a 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,600, if the support is broken, the next support is $ 42,424 and $ 40,569.
Now let's move from the resistance line as you can see the first resistance is $ 46 711, if you can break it the next resistance will be at $ 50 998 and $ 55 221.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy has been used, but we have some to continue the movement.
How to Draw Legitimate TrendlinesHey Guys!
Just wanted to post a quick lesson on "How to Draw Legitimate Trendlines".
In this lesson, I explain the 3 rules that must be applied for a trendline to be legitimate.
1.) Trendline's attachment points must be on the wicks of a candle. Not the body of a candles.
2.) There must be at least 3 contact points on a trendline for it to become legitimate.
3.) There must be no break outs or surpasses of the trendline.
Moreover, I demonstrate these with examples.
That's it! I hope this helped!
Have a great day!
Ken
SLP-USDT UpdateIt seems like SLPUSDT had a false breakout and the resistance line is still intact. It is probably in a correction phase after a great run up.
There is a battle going on in the circled area.
A bearish engulfing pattern is present on the daily so can expect more downside action possibly to the 50DMA unless trendline is successfully broken with the retest of the line.
* Not financial advice. Please do your own DD.
Guillotines - BTC Walking on NecklinesBTC has been bouncing off Key Resistance/Support that played a very large role in previous cycles. The hope is
This is not necessarily a bad thing - we needed to break through this resistance to confirm this market cycle. We also came back to retest/went below temporarily and made it back above to make the second peak of this cycle.
But if we cannot make it back above these essential Resistance Levels, we may be doomed.
Daily Market Update - You scared now brah? In this video:
* Will the markets break down and out of their channels?
* Am I spotting hidden bullish divergence?
* Will the crypto markets start to de-couple price action and sentiment from the larger stock markets?
* Has bitcoin reached a bottom on it's current drawback?
GOLD'S Uptrend Is Still Intact! From the previous idea on Gold, any Long-term SELL on gold should only be considered if the lower trendline (orange) is broken.
A Buy could happen at the Retest Line(ash), Or price could break lower into the blue trendline for a Bounce.
This is just my personal opinion. It's not to be taken as financial advice.
Here's my Shorting idea for The Loonie.Price is approaching resistance which also acted as shoulders in the head & shoulders pattern seen in our daily chart. Also, we have our upper trendline around this zone which we expect price should coincide with as it throws back into the zone. Another sell confluence is the blue trendline currently being retested.
If you like this idea, please, don't forget to follow for more analysis updates.