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Trends

Speculating the Bottom for Bitcoin around $10,000 to $13,000KMany analysts I've listened to over the couple of months have said a bottom in for Bitcoin around $10-$13K because they use the previous ATH at $68,000 ish as the top of this Bull Market season. That would mean a break in pattern from previous cycles where the bottom is lower than the previous Bull Season top out. This is one of the reasons why I'm leaning toward another month or so of upward action, setting a new all time high so the bottom would fall around $22,000 where and unclosed CME gap is. We shall see. If this Full Moon sees a dump to create a higher low I'll lean toward a supercycle on the way. If we see it create a lower low then I'll concede $68K was the top.
INDEX:BTCUSD
by themissionmentor
7
Confirming Trends with the Lower Time Frames NZD/USD ExampleHey Guys! As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long. First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart. In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry and began entering long trades. These lower confirmation tactics play a huge role in my trading, and even if you don't trade with price action, it can be a great addition to your current strategy. I hope it helps! Have a great day guys! Ken
Education
by TradingForexPriceAction
1
Bitcoin's Crossroad - FOMC March 2022I believe this is the only way to view what may happen in the near term future with BTC price speculation. I know twitter is full of perma-bulls saying that 32/33k will never be seen again, they could be correct, but regardless their bias shows because they are making their decision too early... Perma Bears said we were going to 18-14k even 11k last week on Russia Fears, and the War is turning out to be worse than expected, while the market as well as BTC has shown resiliency in the face of the worst potential conflict in the modern era... Super Power Conflict... even with Gold Spiking... BTC pumps??? (STRANGE) We will know soon what is going to happen, but anyone calling it today is at best, an over-eager trader. This point today, makes a great short opportunity... March 15th, we will see what happens... Buy the Rumor, Sell the News? - Goodluck! (Near Term Short, (1-3 Days out) - 35-37k retest possible... we are at major macro resistance here...
Short
by jb_skis
2
COMP Trade zones Taking a look at this stock because of a screener alert. Here's a chart with zones marked. It looks like in the really long term you might see upwards of $13, but I wouldn't expect it to be higher than $18. I think currently, $9 seems to be where this stock is heading. A Monday morning dip could definitely be a buy opportunity to $9. I also, am noticing a lot of trends in the market leading to march 17th through the 23rd which are showing a possible big movement (crash maybe). I'll keep watching, but just be careful around those dates.
NYSE:COMPLong
by nicktussing77
GBPJPY 15/02 POSSIBLE SHORTS TO COMEGBPJPY Techical Anaylsis. Possible sells to come Will wait for sessions to open with volumes possibly the asian or London. Currently there is a no trading zone as we are ranging. waiting for confirmation either a break of formation or a retracement and candles pullback with bull power. Alerts have been made also waiting for asian session and CPI news tommorow morning which is expected high impact news. Always use a risk calculator and have a stop loss. Please like and feel free to comment your opinion as you wish! RISK DISCLAIMER: Trading Forex,CFDs, Crypto, Futures and Stocks involves a risk of loss.
Short
by issafx1
Simple BUT Not EasyReading charts and understanding the "Language" of the market is very simple but at times due to high involvement of our emotions we make it very hard. Any market or chart that you see will be in a phase all you have to do is identify it on a higher time frame. Lower Lows & Lowers Highs is a definition of a down trend. Higher Highs & Higher Lows is a definition of a up trend. If you can see the above both happening then market is ranging. If you are having a short bias on a particular instrument always look for a shorting opportunities in a lower time frame after confirming the phase of the market in a higher time frame. Always wait for a confirmed trend don't try and jump in too early. Let market decide the direction, don't force your self. Risk Management is very important, Plan your trade with a proper risk that you can manage. Trading is a marathon, if you try to sprint you will fall down and injure yourself. Slow & steady wins the game :) Thanks
TADAWUL:TASIEducation
by stalkstock
S&P500 Forecast 2022 We are now at the top of the cycle that has completed, from here price should make a correction back to the previous monthly support levels. This is a natural market cycle that is inevitable as of right now in my opinion. I expect price to trend down for the first half of 2022 & may have a bounce in the zone once we near 2800 on the S&P. All indices will tank along, I am keeping and eye on Gold for a bullish hedge but reality is that it could fall out along with every thing else. Play your cards right, this is a waiting game & these are the type of moves where you can extract most of your profit in a relatively short period of time. Trade safe, enjoy.
SP:SPXShort
by johnconner966
USDJPY BEARISH SETUP 4HR/DAILYUSDJPY has been in a monthly bullish uptrend since the first week of 2021 creating HH's & HL's while bouncing off my symmetrical trendlines perfectly. It wasnt until the first week of July 2021 where we see on the 4hr that price was 1. 'OVERBOUGHT' indicating time to sell soon in addition to 2. 'NFP' (every first friday of the month) making the market just plummet 200 pips which also 3. BROKE my weekly bullish SUPPORT trendline' 3 strong confluences that price is preparing to REVERSE Seeing that price is now creating LH's & LL's on the daily timeframe SELLS are ideal to trade, so to enter this trade I expect price to either 1. 'RETRACE' from the '78.6%' area of my daily fibs at around 110.250 or 2. 'RETRACE' off my 'RESISTANCE ZONE' around 110.500 and 3. 'BREAK OF SUPPORT' line on 1hr would confirm SELL. 200pips down to 108.500 is my goal for month of august #ThePipPimp
Short
by Juju103
1
RSI: A simple method to trade trends and rangesI write this tiny article to share the basics or my use of ths RSI indicator, coupled to supports and resistances levels, as well as trend lines (or any indicator you want to use as SUP/RES (moving averages, vwap ...)) This use implies a bit of practice in spotting divergences, but let's be honest, many of them appear on previous supports or resistances, just look at these levels and you can be sure you'll find them if a reversal is about to occur.) The second specificity is the use of a moving average applied to the RSI (in my exmaple, a 50 periods EMA) I developped my own RSI+MovingAverage script, but I'm sure you can find similar scripts that have already been shared within the community, thats why I don't publish it for now. Anyway, feel free to ask if you're interested in my script, it's obviously free. Lets consider two different contexts: Trends (Bullish/Bearish) Ranges In trends , there are two things to take into consideration. Let's explain what we need to work on a bullish trend: - If the price is on an interesting level (moving average, trend line, support), you can try to long upon the RSI crosses its moving average, indicating the potential end of the current retracement (even better if a bullish divergence appears close to this price) - If the price gets close to a resistance, and moreover if a bearish divergence appears on the RSI, you can consider it as a good exit price, or wait for the next retracement in order to pyramide your trade (depending on your approach). In a bearish trend, you obviously need to do the exact opposite, wait for retracements (flags or other), and find bearish divergences OR sell when the RSI is clearly crossing down its moving average. Of course you can wait for the RSI crossing above/under its moving average to get another confirmation that the movement is starting. You can see a few examples on the following screen In ranges , it's even simpler. Once you found your support and resistance levels (it can be old levels that have already generated good reactions) all you need is to spot bearish divergences on the resistance, and bullish divergence on the support. I personally like to cut at least a part of my position when we reach 50% of the range, which can be often considered as a support/resistance. It's totally up to you to exit on this point or not, depending on your preferences (simple scalping, anticipations of a range breakout to make a new trend, lower timeframe trend following, etc...) Range example: Additional notes When you trade a divergence, try to always open your position when the RSI rebounds on the divergence line, and not after, remember that opportunities are everywhere, don't mind if you missed the last one, don't enter too late in a movement. Even if a range is a global horizontal movement, it's still composed of alternations of bullish and bearish movements between the same supports and resistances, therefore, you're of course able to trade it as trends on lower timeframes Don't forget to look at candles, which can also give you strong signals on important levels, on current or lower/higher timeframes. The price is always the key Of course, think about the DOW theory.
Education
by noop-noop
2
BTC BULLS ARE NOT DEAD YET BUT THEY WLL GET A BIGGER REJECTION The entire Crypto market crashed today and Bitcoin Dump to 10k to hit my Nov prediction support of 42k to 38k support. This is a video update of that BTC dump prediction and here is why a bounce is likely before more dump. A full technical analysis review on today's BTC price dump with Bitcoin Gorilla. In my last video analysis on 15 Nov 2021, I talked about two important support 42k to 38k and 32k to 28k range. the first support got hit this morning and is currently bouncing but there will be a retest of this support range before buyers can confidently bounce good but I don't expect a new ATH at this point instead a stronger rejection is likely.
by MachiavelliTrader