Update
ADA looks to be breaking outADA is running again, it's been a crazy couple of days. A couple weeks ago I pointed out this ascending triangle pattern, the measured move is aiming for 1.96 USD. Equally as important to me is that ADA has broken out of it's descending trendline resistance against BTC. I expect ADA will over take it's recent high vs. BTC in the coming weeks as well.
A journey to $2.00 for XRP very likelyWe have now touched the second white horizontal (dash) line at around $1.6 on ripple. Hoping to get to $2.00 any moment the daily momentum is sustained. Investment in a few for storage will not hurt outside margin trade as it may touch ALL-TIME-HIGH of $3.84 any time soon with its current momentum.
12/04/2021Update:
The triangle we have been watching for weeks has finally broken with significance, been retested and continued upwards.
There were many smaller patterns inside, also some major resistance (esp the red box), but BTC seems to be on the way up.
The measured move of the triangle is way up at 72.6k
Will we get there....?
(Anyone who follows me, I have started a YouTube channel. I'm trying to improve the content and will as time goes on but I am hoping to get the subscribers and support....it would really help out. My Twitter link is in my profile on here and the channel is on my profile, take a look and let me know what you think)
Reef UpdateHere's a quick look at Reef 4 hr chart. as we can see the price action has been oscillating in a bigger symmetrical triangle for a while now and we might see a break soon.
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.044$
2. 0.0465$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
BTC UpdateHere's a quick look at BTC 4 hr chart. as we can see, the price has been trying to break the 60k level, but hasn't had any success yet. The last time we ran to new ATH, we saw an inverse head and shoulders pattern. And the same pattern could be forming right now! If we break 60k then we are off to 64k!
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Nasdaq breakout of range (update)It seems that we have started breaking out after the good news from bidens speak. look for upside towards 13070. if it gets through next target is 13130 which is the top of the cup in the cup and handle formation. i would suggest taking profits here and buying again once the handle(bull flag) breaks out and once it gets through 13130 the target will be the -27% and then the target of the cup and handle formation which is 13493
Image of target and info on cup and handle breakout:
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SFPUSD Up 50%Hello traders!
As I told you that sfpsusdt is the best pair to hold as a strong push was expected. Now you can see a strong rise and it adds 50% of the investment but bulls are not over yet it will break the previous high soon.
Support my ideas by hitting the like button and follow to stay connected
sfpusdt previous analysis
BTC/USDT - UPdate. Acending triangle - Up or down trend BitcoinHello everyone, analyzed the BTC/USDT pair
I revise this chart many times and see more and more changes in the bearish scenario every day.
Do not forget that such triangles break out of the bearish and bullish trend.
With an average (bearish) or weak (bullish) signal
It seems that the "inverted head and shoulders" pattern has worked.
but it seems not.
It seemed there was a double bottom - but it seemed not.
It seems that they made a bullish flag - but it is still unassigned on the market. The order book speaks of the seller's strength, but the price moves up.
At the moment I have a long position from 46850. Some of it is fixed. Stop loss at breakeven.
I will watch the market behavior and will supplement positions if the UP trend continues. I don't like making quick decisions. Always waiting for confirmation.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position
SPX's weekly update. Second week of March 2021.Don't be fooled by the weekly Doji, check link below.
- P/E @ 39.73. Up . 77 "Not Looking Good"
- Insiders Buy/Sell Ratio, i guess adjusted, still around 6.32 down .64 " Data still out of March's 1st.
(by end day, usually updated)
- SPX's Dividend Yield @ 1.49 Down by .03 (
Diving deeper in tops land)
-Our M2 study indicator is crossing below zero line.
- March is worse than February especially "Mid March" with top gain/lose past 20 years is Max 8.5%
Min(-12.5%). ( We are already 5.76% down )
- Continuous unemployment claims down 2.81 %.
- Weekly candle "Tradingview auto", text book beautiful Doji. ( Only 9 % success rate since 2003 check
related studies/link)
- Deviation : Weekly @ 31.29, with 76 % single pullback
Daily @ 10.79, with 64% single pullback.
- PC, is .7 up by .03 ( Traders are getting more puts than last week)
-GEX :-4, 000,000 (lowest reading since May 2011)
-DIX: No man's land .
-VIX: Just above our Green safe zone, and below our Red Danger zone. (No man's land)
- Stocks reltive to 200D MA:
SPX, gave us a single on March 4 for a bottom of 50D
NYSE, did not give us on four 50/100/150/200.
-----------------------------------------------------------------------------------
1/ We have a Beautiful text book "Doji", but with high
risk low success rate be careful. Check our study
for that since 2003 Dated : 14 November, 2020 (9% success rate @ bottoms)
2/ GEX is at it's lowest readings since 2011, 64% success rate we are @/near a bottom !!!!
3/ SPX's stocks above 50D MA gave us a bottom signal on March's 4, 2020 ( Kind of one day dip)
non the less it was a bottom so far till proven
otherwise.
4/ B%, March 4 was a bottom on daily, 90% success rate.
3/6 GOLD ANALYSISWhat's goin on trading fam!
Here is my updated analysis on XAU/USD for the week starting March 7th.
I'll be monitoring price action at the current support area around the 1690 level, and adjusting my positions from here.
Drop your thoughts in the comments below and let me know what y'all think -- and if there is anything you want to see in future videos don't hesitate.
As always take it profits and take it easy .. I'll catch y'all next week
- Ray
ADA/BTC Bullish Head and Shoulder breakout confirmed!Cardano announced it's mary update to come for the 1st of march.
Cardano starts to deliver and becomes the new ETH.
This is considered to be a longterm hold.
Checkout Daedalus if you didn't do that yet.
Reef is having a hard time and is close to two resistance lines.
Expect a small pullback to gain some momentum for a breakthrough.
Bitcoin is consolidating which normally is a good sign for altcoins.
Enjoy the ride and don't be too greedy.
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Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.