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Weeklyanalysis

What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin. The answer? We're filling a very old order block that was never completed in July 2021. So it makes sense price has dropped ALL the way to where we are now. Time to analyze where we may be going from here. According to this current situation, once the years-old order block is retested, we should make a long push back up to the 38810.05 weekly zone since it was never retested on the 4hr. It just dropped like a brick. If we are not ready for the giant uptick back up yet, and we breakthrough the monthly 28990.63 zone, the next pivot area will be 24337.80 daily zone. We're about to find out what happens. BULL TPS: • 32788.17 • 34337.72 • 35504.62 • 36622.43 • 38810.05 BEAR TPS: • 29315.72 • 27774.40 • 26233.07 • 24475.42
BITSTAMP:BTCUSD
by NikaJourney
Comparison of BTC bear markets (2015,2018,2022) Part 2You can see the second, third and present fourth bear markets on the chart. The second and third had the same pattern of three movements (waves) down: 1. 0 - A 2. B - C 3. D - E I depicted the same movement in the present situation based on 200 days of EMA and MA. And here are such exciting historical circumstances. Look closely at the previous bottoms of 2015 and 2018. They were formed between 200 EMA and MA. We can make our biases based on history and predict that price will build something similar this time. I also drew arrows showing where strong wicks were in the past and the range of these movements and compared them with potential wicks that we can expect shortly. May the profit be with you! P.S. I will write the third part with my conclusions.
INDEX:BTCUSDShort
by PaulSnow
2
Facebook: weekly analysis overviewFacebook it's look bearish from this point that we could to short right now, but this will be my perspective following the technical analysis. And very important combine it with fundamental analysis. As I see, the U.S. Dollar found out a tightening of the hike interest rates and stock market and cryptocurrencies it's suffering right now!!! For that, I analyze Facebook in my idea to take a perspective to know. For what I see, this movement will be bearish toward $130 USD per share. That it's my own opinion to trade stock market. Also, this will be the first time that I trade and work with stocks to trade. I come more from Forex market, and also my 2nd favorite market it's cryptocurrencies. As I know very well Fore and cryptocurrencies. i want to trade stock market, but very enfocous and combining with fundamental analysis always because it's my way to trade stocks as another financial market. But I'm interesting to trade stocks for first time now!!! But also, I want to take course more deep about stock market to learn more. I know very well Forex and cryptocurrencies very well and how they move it. I hope that this idea support you!!!
NASDAQ:METAShort
by harisonhbn9718
Position & Swing Trading: Weekly ChartsIf you're position or swing trading, it is a MUST to study weekly charts to confirm: 1. IF a bottom is developing 2. WHERE the bottom will complete ...to plan trades with strong reward/risk ratios. For example, let's take a look at EGLX, which had a gap up at open on its earnings release: 1. Note that today's gap up is from a lower low in the downtrend. This particular bottom is not confirmed just yet. When it makes a higher low is when there will be lower risk for an entry. 2. The first resistance is at 3.27, but there's stronger resistance at 4.44--once the stock's price sustains that level, then the bottom will be complete, which is the best time to consider position trade entries. Both resistance levels should be considered for swing trading potential... First ask: "Are there enough points to gain from your entry point to warrant the risk of the trade?" If no, then move on to the next opportunity; maybe put an alert at the next resistance level to revisit. If yes, then which resistance levels are likely to cause profit-taking? A step-by-step checklist that looks further than the entry is important for not giving back profits just as soon as you make them. Learn more at my website.
EEducation
by MarthaStokesCMT-TechniTrader
Ethereum: weekly analysis overviewWhat I found out in Ethereum price it's crashing too their price and it's below of $1,900 USD. I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD. And then, this it's the monthly analysis timeframe and I see a bearish perspective in the price showing this model of chart that I draw. Also, Ethereum price it's very key to look their rally in the next year and starting to accumulate Ethereum to make compound interest by year to accumulate enough Ethereum by long term and use them Ethereum to create another portfolio in cryptocurrencies. One of my favortie altcoin that I want to accumulate it's Cardano by long term.
COINBASE:ETHUSDShort
by harisonhbn9718
GBPUSD important support area ...Hello Traders , if you see GBPUSD in weekly tf , you'll understand that it is in an uptrend and the last higher low is where exactly the price is now ! If a breaking of the structure happens in this support area , the weekly tf uptrend will be invalidate. I see the major momentum says the sellers are stronger than buyers and in the very last candle there is a full bear candle which means breaking the structure is more possible here ... What's your Ideas ?
by sajadakrami1378
SOXL - Long Shares Play - Quadruple Bottom on Weekly TimeframeSOXL has reached a major bullish level here, with great possibilities for calls/shares. Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily Confluence: Rising volume each time price action nears this level Bouncing neatly at weekly 200EMA Strong weekly bullish divergence Strong daily bullish divergence Chip shortage continues to benefit chipmakers Falling Wedge on 65m Trade Idea: Calls/Share Swings Price Targets: PT1 - $30.50 PT2 - $32.00 PT3 - $33.00 PT4+ - $35.00
AMEX:SOXLLong
by cloud9futures
8
A sign of trend reversal in AMC? The Elephant in the room...NYSE:AMC I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about: 1. Since the runup to $72 AMC has continuously set lower highs. 2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows. 3. End of Nov AMC broke its major structure created during the run up in June. This pushed AMC to a ascending parallel channel created by the Feb runup, retracement, and the initial kick of the June run. 4. Price discovery During June-Nov respected the entire range of the first June weekly candle. 5. Again, Nov we see a break down out of the Alpha structure to its predominate structure. This was a a warning sign - IN RESEPCT TO TECHNICAL ANALYSIS ONLY. 6. This is when Lower Lows start taking place, working with the lower highs to push the price discovery back down to the range of the last May weekly candle. 7. Dec-Jan we see a case of larger price range as compared to the candle bodies, showing indecision and buyer exhaustion. The first candle body to close outside this range pushed the price down to a new (most current) range. Lower lows and Lower highs have continued through this period. 8. It is also important to recognize the level of support that was broken (created during the Jan - May run. This support and the broken support during June-Nov resistance creates a channel - keep this in mind going forward. 9. Overall, since the run up, AMC has found that is it trading at lower and lower consolidation levels. and lastly.... 10. Not one weekly candle body has closed over its active consolidation levels since June 21'. UNTILL NOW. This in mind, outside of EVERYTHING ELSE besides this chart, its a very positive indication for AMC. This has NOT happened since BEFORE the June run up. Continued... I thought I could stop. I can't. What I am looking for as CONFIRMATION of my bullish feeling (not letting my emotion get to me this time) is a weekly candle that does 1 of 2 things: A. Closes above the swing high created in Dec - this would be >$30 - This is honestly a very hard feat in 5 trading days. This though would not only break the LLLH trend but also push through the descending resistance created at the top of the Jun run AND push through the ascending level of resistance (once support but broken in Jan 22') that creates the lower part of the ascending parallel channel. This is BEST case. This is also NOT as probable as scenario B... B. A weekly close slightly above the 2 mentioned levels of resistance. This is more achievable in my mind from a PURE TA perspective. It won't be easy. Keep in mind the REALITY of the chart. LL, LH - multiple structure breaks to the downside. These are facts. We must talk about the elephant in the room... I will keep this short. Look at the chart, find the next (lower) structure). Until the trend is officially broken, it is telling us that the next structure sellers are targeting is $8.93-14.05. Yes I said it. I will also say this: it is more probable than scenario A. The fact that we got a weekly close out of the current range is a GREAT SIGN that buyers are stepping in again. I suspect major resistance at $22-24 (in regards to this week only). Lets recognize the dilution factor. 5x since the Jan 21' runup. Even at current prices (when compared to the $72 high) the company is MUCH more valuable. It is simple math. The amount of buying pressure needed to get back to this price discovery would need to be MUCH greater than the prior buying pressure. THINK ABOUT MARKET CAP - especially when creating a personal PT. This is a cold hard question that NEEDS to be asked: can a company that runs from dollars to the low 70's sustain that price discovery under the conditions of dilution. This was AMC's biggest "hiccup". Yes this is a fundamental argument, but it DOES factor into TA. In TA you need a PT and SL to create a trading plan - market cap MUST be considered. Keep this in mind going forward with AMC. Disclosure - I am LONG on AMC and have been since Jan 21 <$5 and I have been selling covered calls since NOV when I first noticed the major trend changes - this has served me VERY well and has put me in a position that I was able to accumulate more AMC at $20. Although I will not participate in calls this time, I will slow my selling of them. I LIKE what I see STARTING to develop but I will be PATIENT as to NOT get too excited...yet..until I see what the EOW brings. Please consider the fact I am not taking into consideration ANYTHING outside the chart.. I did not keep this short. No pun intended.
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NYSE:AMCLong
by OccamsPhazer
35