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Volitility

Bitcoin UPdateI would just like to speak on what I'm anticipating to happen with Bitcoin's price. I'll be happy to see price action break through the inner diagonal support only to make it to the outer support for it to be broken as well. I also would like to witness P.A. head further down between $12,000 - $13,700 but that's wishful thinking. However, this is the 2nd time the $20K level was touched which means we can quite possibly see a nice move to the downside. Chime in on what you're expecting to see happen with Bitcoin!
OANDA:BTCUSD
by ChrisJTradesFX
2
Zoom Video Communications, Inc.Since Slack ($WORK) hasn't been doing as well as Zoom in the WFH space, I felt the need to look more into this stock. Do you all see the H&S pattern like I do? My drawing to outline it's direction isn't the best, but the market doesn't always give you the perfect pattern. I would look for a drop in price. However, we might see a move higher up before a big tumble takes place. I would simply wait for a B.A.R. of the neckline & diagonal support to go low OR a B.A.R. of the high in order to execute any bull orders. We shall see...
NASDAQ:ZM
by ChrisJTradesFX
How To Utilize Difference In Price Indicator The difference in price indicator helps show volatility. In this case I am going long on Verizon but am unsure of how much to expect the price to move each day. When I add the Difference In Price indicator to my chart, I can scroll my cross hairs over and see that it changes in price about $1 a day. So for tomorrow I can expect it to go up or down $1 based on what has historically happened. The Difference In Price Indicator can be used on any candle segment, but my favorite is the day because I like knowing how much to expect a stock to change in price on a daily basis. To add the Difference In Price Indicator to your chart, you can click on the F(x) button and then click on public library. Type in Difference In Price. Add the one created by Myantman101 ( free ) Test it out on different segments and see for yourself how it can help determine what type of price change to expect when shorting or going long. Comment any questions below
NYSE:VZEducation
by Myantman101
6
British Pound/Australian DollarThe British Pound/US Dollar is the currency pair I track & trade. However, due to this weirdo year and the craziness of the US Dollar I felt the need to add a non US Dollar currency pair to my watchlist which came down to the Euro/British Pound Vs. British Pound/Australian Dollar.. it doesn't take rocket scientist to know who won that bout. Let's go! Even though GBP/AUD been ranging since June, I am leaning more in the bull's favor, but it's important to not be very rigid on your own biases so I'll give two scenarios on what I would look for with this pair. Confluence (3 or more): 1. P.A. is working off of HTF diagonal support (outer) dating back to 2013. 2. P.A. pushed off of HTF diagonal support (inner) dating back to September 2020. 3. P.A. respected HTF liquidity zone, bull's favor. Due to the ranging I would only look from zone to zone in order to play it safe. I would look to short if there's a B.A.R. of the $1.7958-$1.8055 levels, and look to $1.7700 as a take profit. THIS IS NOT TRADING ADVICE! Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
Canopy Growth Co.I'm publishing this idea with my older brother in mind due to him bringing this Marihuana stock to my attention a couple months ago. I'll try to be quick, but even though I don't like picking sides I will say that I'm more bullish than bearish for a few reasons so let's begin! Confluence (3 or more): 1. P.A. retested HTF resistance turned support for 1st time ($8.91) 2. HTF bullish wedge 3. Untouched O.B. ($13.88-$14.81) underneath last month's closing candle 4. P.A. shift (LLs to LHs) from a HTF perspective I would like to see a push down in price to that untouched O.B. before the bulls enter the market, but due to a huge barrier that's holding up price I'd sit out until there's a B.A.R. of the $21-$26 area. Fundamentals: "Canopy can also take advantage of the strategic deal inked last year with U.S. hemp company Acreage Holdings to market it's products. Acreage will market Canopy's diverse beverage portfolio in the U.S., which should also help make Canopy a worthwhile investment for long-term gains." Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
C
by ChrisJTradesFX
4
Bitcoin UPdateNice bull run, huh?! I can honestly see Bitcoin reaching $20,000 before the end of 2020 IF it can keep this bullish momentum going. However, the bears don't want you to sleep on them just yet because there's some barriers waiting up-top and P.A. is currently stalling at the moment. Bears: I would wait for a B.A.R. of the $15410 level to short down to $14000. Bulls: I would wait for a B.A.R. of the $15679-$15823 levels for buy opportunities. There's order blocks up ahead so stay nimble. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
OANDA:BTCUSD
by ChrisJTradesFX
EXp World Holdings This is my take on what I see, technically. Confluence (3 or more): 1. H.T.F. continuation order block formed. Bull's favor. 2. P.A. heading towards order block after B.M.S. 3. P.A. breached previous LHs. Precursor. 4. Bullish Wedge currently forming from H.T.F. perspective. 5. P.A. rallied after O.B's 1st test. I would look for price to break lower before a B.A.R. occur with the diagonal resistance. If the bears were to breakthrough barriers then I would wait for a B.A.R. of the $32.50 down to the $19.72 level since there's a nice potential profit margin within that range that can be seen from a bird's eye view. We shall see... Fundamentals: "EXp World posted revenues of $564.02 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 37.73%." -Yahoo Finance
NASDAQ:EXPI
by ChrisJTradesFX
British Pound/US Dollar UpdateThis is my view on the British Pound/US Dollar from a weekly perspective. I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up. Confluence (3 or more): 1. GBP had bottomed out, but multiple touches dating back to October '16 on the $1.2132 level have been respected. 2. P.A. has formed the 'W' formation near the $1.2132 level from the weekly. 3. 1st touch of the zone ($1.2462-$1.2669) underneath current price was respected. Precursor. 4. Multiple touches have taken place with the O.B. ($1.3486-$1.3617) that's holding up price. Absorption. What would you like to see happen now? I would love to witness more bearish momentum UNTIL P.A. reaches the $1.2462-$1.2669 area to then see if the flow of price reverse. Let's say it did go down, but didn't "respect" it... then what? I would wait for a B.A.R. of that very level in order to short it to the next barrier. Okay, what if price never reach that level below? That's when I would wait for a B.A.R of the $1.3046-$1.3082 area to long it to the next barrier. I would anticipate price to go deeper into the zone below IF it happens to revisit, and there's some nice *profit margin* heading to the upside once that upper O.B. is absorbed. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
British Pound/US DollarHere's something I'm currently working on with the British Pound/US Dollar. Why do I believe that Price Action will head further down? 1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor. 2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B. 3. The green candles underneath current price signifies potential *profit margin*. 4. Even though the previous O.B. was broken, it can still push price down to some degree. What if it does the opposite? I'll readjust, and wait for a B.A.R. of the $1.3062-$1.3082 levels to take it to the upside. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
3
U.S. Dollar IndexThis is my current view from the H4 perspective. After the break of the previous TL I took that as a precursor for what was to come, and shortly after entering the higher O.B ($94.58-$94.83) it was rejected. Once the bears entered the market I would look for breaks in structure along with continuations to join in on the ride down. I'm anticipating price action to work itself to the O.B ($91.75-$92.31) at the low end of the curve, but that can potentially take a minute (not literally) to happen due to the barriers it'll more than likely run into during the process. Stay flexible. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
TVC:DXY
by ChrisJTradesFX
U.S. Dollar/Norwegian Krone Mark UpThe market is at the low end of the curve of where price action is currently trading. I'm bullish on this pair, but I'll be even more bullish after there's a B.A.R. of the $9.8120. However, that may not happen for awhile unless there's some big news drop that'll help propel price to higher levels, but I would be anticipating some more bear action to assist in pushing price further down within that huge O.B that's currently underneath price. If you look to the left of the chart within the EQ you'll notice all of those green candles which signifies potential profit margin to the downside. Price action has already moved more than 50% to the downside in correlation to the potential profit margin I just mentioned so I would wait for that zone ($8.6568-$9.1003) to be hit for any type of bullish trades. If the bears end up dominating I would just wait for a B.A.R. of the $8.6568 level. The only issue with that is the fact that the zone is massive so if it doesn't hold you can execute certain positions within it in correlation to YOUR trading rules. I've been recently seeing this currency pair brought up in the trading community which prompted me to do an analysis to see how it plays out. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
Nasdaq-100 Index Mark UpNasdaq-100's Monthly & weekly analysis from a daily perspective. You have a zone ($11703-$12439) that formed at the high end of the curve and an even bigger one at the low end so there's a huge range of opportunities to be taken advantage of in this particular market. It wouldn't surprise me to see some upward movement into the zone up top before price action start the process of breaking down which would be my ideal area for short opportunities. I would only look to long IF (or when) there's a B.A.R of the $12439 level, and I would go to the HTFs in order to see what's the next potential barrier so the TP could be set before that barrier is reached. You can also look at the break of that diagonal support as a precursor for what's to come in the near future. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
TVC:NDQ
by ChrisJTradesFX
2