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BTCUSD - Squeeze but can it really go 9 days?Latest Note:
So we are entering another squeeze here with a slightly bullish signal. This is a pretty unfathomable run at 8 straight days green. I can't see this continuing the streak however it could cool off and wait a whole day going slightly red in a squeeze before taking off again. Watch and hold here. 38.5 is about the possible breakdown area. 40.8 is around the Uptrend area.
Previous Replay Notes:
1) This has been on an insane ride up after 2 Uptrend signals. Profits would have been at 20% here so a good place to exit but also would have been difficult to refrain from entering when you see the next pump and drop.
2) The hold squeeze was very short lived and bulls regained quickly after just 1 bounce. I didn't catch it till the 2nd bounce, but didn't matter as I was still long in a hold pattern. If you exited at comment 1, the squeeze would have been a good place to get back in.
3) The Uptrend was also short lived. There was still plenty of money to grab in the short stint, especially if grabbed back in at the last squeeze.
PD Chart patternWhile PD is in a bullish trend, it appears to have failed to break above the line, resulting in a decline. I see a great swing buy near the bottom if it does not break below the lines. People believe the stock is down because the CEO sold 200k shares, however the major reason is that shares of PagerDuty (NYSE: PD) were trading down today after the cloud-computing firm's first-quarter earnings report failed to impress investors. PagerDuty's company is benefiting from the rebound, as both macrotrends and the market environment continue to favor us. 9 analysts provided 12-month price estimates, with a median goal of 53.00, a high estimate of 59.00, and a low estimate of 35.00. The consensus forecast is a +24.06 percent gain over the previous price of 42.72.
Not a financial advise. DYOR
Ripple in a Bearish trend still !!Hello everyone , as we all know the market action discounts everything :)
We are gonna look at a 1W chart and gonna use technical analysis tool to understand the Ripple XRP movement .
the market seems to be in a descending triangle pattern , with a lot of the indicators showing weakness in the ripple market . i used different indicators to confirm whats going on :
1_ Ripple price is trending below the MA on both 10MA and 20MA showing us a bearish signal in the market (do know that when i used 100MA and 200MA market seems bullish which could indicate the market going up in the long term)
2_MACD creating a Sell signal when the market price crossed over the MACD showing us a that the bears are still in control
3_Stoch is in oversold zones and created a sell signal when %D crossed over %K (%D 10.25 and %K 7.81 ) .and no divergence was found to indicate a reversal ( if u need to learn how the Stochastic Oscillator works then watch this)
Ripple’s XRP fell through the first major support level at $0.6034 before rising to a mid-afternoon intraday high $0.64521.
In the event of another breakout, Ripple’s XRP could test the second resistance level at $0.6783, A fall through the $0.6253 pivot would bring the first major support level at $0.6054 into play.
I do need to say that cryptocurrency is under a lot of influence from big coin holders and public figures , the market could change if one of the big players made a big move
Fundamental point of view :
Ripple (XRP) may have suffered in recent weeks, but it’s still one of the top cryptocurrencies to buy for long-term returns. It’s down by 2% in the past day, to $0.614. It’s also down by 7.5% in the past week, by 8% in the past fortnight, and by 30% in the past 30 days.
This obviously isn’t very good going. That said, XRP has a real chance of surging massively towards the end of 2021 or early 2022. This is likely when its case with Securities and Exchange Commission will end. And for a growing number of lawyers operating in the cryptocurrency and fintech space, this case will end positively for Ripple.
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This is my personal opinion done with analysing of the market price and research online , not financial advice.
If you have any questions please ask
Thank you for reading.
The diamond formation explained in terms of ADA's price A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement is not an irregular occurrence.
In order for the price to hit the TP, it will firstly have to break below the $1.40 mark which is a strong resistance level of the previous formation the price broke out of. Then the price would have to move below the 50% fib retracement level which is an extremely strong level of support and resistance. Only then would the path be clear for a movement down to the TP which happens to be a strong support level.
I am seeing this current market as a strong accumulation phase and if the price falls to the TP it would just be a sign of the continuation of this phase, which is great news for those who are in the market for the long term. The further accumulation would benefit the ADA market as a reversal and breakout to the bulls will roll out with the release of smart contracts which will bring in further hype into the space resulting in a huge move to the bulls.
My current opinion on the market in the short to medium term remains neutral with a bias towards the bulls on a slightly longer time frame, how ever there will be some blood in the street leading up to this point of course.
A question for those of you who are scared based on the current situation with regulation over the crypto space. Don't you think that regulation is one of the best things that could come out of the crypto space?
some would think I'm crazy for saying this, BUT hear me out. Regulation is only scaring in this sector because it has never been regulated before based on the fact that it was not as wide spread adopted than it is today, and regulation is just a sign from institutions and governments that the sector is more serious than one would think and this is a way of showing the mainstream that even they are starting to take crypto seriously, But in order to do so they will obviously want to be compensated for the rise of this revolutionary financial system of assets, which is fine, unless this news has the effect on you that temps you to sell your assets. This is not a good idea as you will dearly regret this decision, maybe not now but in the near future.
Just remember that all sectors associated to any financial system or third party intermediary are taxed and regulated any way, so why is regulation in this sector so frowned upon... don't let the media cloud your logic to believe what is said is true.
How do you feel about regulation in the crypto space? leave a comment and like and we can discuss this topic, related to any asset.
How I Find Trends In Markets Finding Trends in the market is a tool needed to stay on the right side of the trade.
Here I attempt to help you out by giving some tips that I have found through my 7 years of looking at the charts.
I have noticed that while the focus is on the avg close of the markets that isn't where trends take place in fact aiming for the avg is a good way to continuously lose on trades. In the video I show how to place trades based on the extremes Highs and Lows to aim for better returns while providing my insights on why looking at the market in these terms is better than standard way of looking at markets
APPLE inc 1D analysis 23/06/21Hello everyone , as we all know the market action discounts everything :) as we all saw from the video we have multiple patterns and indicators telling us that the Apple stock is moving in a bullish way , it looks like it could be a good buy point since the price is at 133.85 , we might be looking at the price reaching the 137 range in the next few days .
Fundamental analysis :
The recent decline in Apple (AAPL) stock of more than 13% from its peak might be just what the doctor ordered for long-term growth investors. After all, buying the dip on this stock has proven to be a winning long-term strategy for investors, historically-speaking.
Those who bought the dip following the COVID-19 outbreak have seen gains of approximately 133.8% since the stock’s March 2020 lows. That’s certainly not a bad return for 15 months’ work.
Investors in AAPL stock seem to come for the growth, but stay for the innovation. Indeed, Apple’s next “big thing” is always right around the corner. Accordingly, this is a stock that never seems to fail when it comes to aggressively tackling new segments.
The next “big thing” investors seem to want to see is an Apple Car. Entire websites have been set up to discuss rumors around what’s potentially going on with “Project Titan” and Apple’s work on autonomous driving technologies. (Chris Macdonald)
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Bitcoin Short and LONG IDEA - Where are you going?This is an expecting chart for btcusdt.
we see last time a great trend for bitcoin on the long trend. will this trend go further?
if the price does not get a back trend to 38K, we can see a further price increase.
Price expecting.
above 41300 further uptrend
Depending on the chart show into this chart 2 possible rage side long term.
44K or 36K - into a chart, you can find the TA lines what the change can make.
# Trade 2 sides idea.
Great day.
# if you like the idea give it a support by following/like for more coming ideas.
50 pips secured now we wait
We saw a break in my support after we took profit gaining 50 pips. There has been some concerns that it will continue following this bearish parallel channel. Every time it has broke the support it has gone lower. This could be a sign that it may be a good selling position.
On the other hand, we see it tested my daily trendline and bounce off it. If it breaks the maroon trendline we will see a good buying position if there is enough momentum.
For now we wait until markets open.
Still bouncing on the support Still on the strong support (dark green) but we are getting closer to the resistance (short dark red). The formed triangle looks like a descending triangle, it suggests that the price will go down. Maybe the fear is taking over? But yea, we are on the support! In about a week we will a bit more...
BTC/USD Coinbase (Trend/Levels) It feels like were are chasing 30k-25k at the moment. Could that momentum flash sell it to 20k for a quick buy in for whales? Still have downward pressure. China isn't helping, but we all know they are going to be buying these lows lets not forget that ! Rocket on the way ? If we get more buyers then sellers within these next 48 hours , maybe we finally surge pass resistance levels of 42k and start our way back up to ATH's . Not financial advice. DYOR. Leave a comment