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Trendreversal

The Bitcoin Breakdown of the downtrend. A NEW BULLRUN?The BTC price have been in a downtrend since its peak, early November 2021 at a price high shy of $70,000 US Dollars. Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around the $18,000 US Dollars (that just around the price peak of late 2017). Recently, this month the price made a break of the downtrend channel form by this price peaks/bottoms since November 2021. This break can be observe around the price of $19,300 US Dollars.
BITFINEX:BTCUSDLong
by sosacur01
AUDUSD as expected HUGE UPSIDE MOVE!!!As expected price made a lovely rejection from the bottom of this consolidation zone and break out to the upside showing that we could be in for a longer term trend change. Ill be looking for price to make a pullback from the bullish move and look at catching the continuation leg to the upside. Wait for the best risk reward and follow market structure, price more then like always gives you a second chance to get into a trade so always stay patient!!
Long
by jamison_fx
3
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence. Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows. Also notice the head and shoulders pattern formation at monthly support. Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money... Entry: 11:00AM SA time SL: 0.77563 TP: 0.78821 (next resistance) Lot: 0.5
by TradingfortheFuture_
Possible change of market direction ...Hello traders, my chart is correctly shown as "neutral" because nobody knows what´s coming next and ... it´s crypto :-D But the signs are really good in my view. Check my chart, follow the lines and ask yourself also. In a smaller timespawn there could be a trend reversal from a bear to a bull market! If we get a candle close over the big blue support line, the signs are even better for us! Feel free to post your opinion under my chart and if you find this could be a good idea, you can like my "arts" :-D Off-topic: What do you think of this shirt, maybe the time is already now! www.redbubble.com
BITFINEX:BTCUSD
by Crypto-Coin-Trader
6
SPY Uptrending Reversal LongSPY on the 30 minute chart has downtrended since Wednesday the 5th from double top which is now hard overhead resistance. A soft resistance zone is formed from multiple touches of a downsloping trendline from 358 to 364 made during September 23 to 30th. Price is now sitting in the middle of that zone having entered it during the last session. This makes the probability of a reversal higher than a bearish continuation. On the 30 minute chart I have drawn the Fib levels with the mid level visible. Also charted are the SMA 100-50 and 20 lines. The MACD shows the K and D lines beginning to converge under the histogram. I will enter a long trade of call options with a near expiration expecting a reversal and move to the mid Fib levels as shown on the chart targetting a price of $368 for the first target and $372 for the second. Upon reaching the first target, I will take half of the position out of the trade and hold it for the put options after a bounce-off resistance is retested. If a bounce and retest at the Fib 0.382 or 0.5 levels I will close the trade and trade again as a short position as a means to profit from whatever wiggle room the volatility offers.
AMEX:SPYLong
by AwesomeAvani
1