GBPJPY BUYPrice has broken sttructure on LTF. Looking for a buy from the recent demand area to fill orders to the above supply created. There are two possible targets. Always manage risk.
Zones
BTC MAY reach 27k in first week of 2021BINANCE:BTCUSDT has reached new heights and has made new support, bounce off the new all-time high, then retouch the the new support , then continue to surpass 27,000.00 around the 4th of JAN
XAUUSD (GOLD)Cup & Handle Pattern appeared in Monthly Chart the price will go up (Bull) for Position Traders (Long time Investment) Only
Let's see what NIFTY has in store for us for coming weekDear Readers,
Markets have been quite volatile. I have marked all the important zones on the chart which may play a role in coming days. If the prices sustaining below 17470, we may see 17400-380 on the downside. Can also fill the gap on the lower side if Selling is intense.
Twitter is at the crossroads. Turn up or die.Hi everyone,
Today we are taking a look at NYSE:TWTR stock.
This poor bird has been flying down at an astonishing rate.
However, unlike most young tech companies, this bad boy has been to hell and back again.
NYSE:TWTR was scraping the bottom during 2016-2017 and managed to recover eventually.
Now we are in the steep downward channel.
If you zoom out you will see that this week we entered HVN, which is around 31-34 zone.
This is the second highest volume zone in the history of Twitter trading.
Plus, we bounced from the support on the weekly at 32 and this week saw higher overall volume than in the previous down weeks.
Conclusion:
Twitter stock price is looking very attractive right now.
I have no active position, but I will buy some shares at the end of day.
Of course if we don't go limit down for some mysterious reason.
Let me know what you think of Twitter long.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
BTC bear breakout to the lower equilibrium limitBTC has been trailing off for a while now in conjunction with the equilibrium range.
We are expecting a corrective to the yellow zone above and are anticipating a continuation down to the larger more significant yellow zone below which acts as an approximate target.
BTC can be extremely volatile with large swings so please be aware of this before trading. The technical setup however looks superb so if it does indeed provide the setup, the rest of the plan looks good to take.
BTC is in a corrective move, key levels to watchI have spent this morning analysing BTC and I have come up wth multiple counts. This count however, is the clearest and simplest one. I am having a hard time counting the move from 69k (nice) as a five-wave move. It´s possible but I give it a lower probability since it´s not as clear as this count. Therefore, I am setting an alert for the trendline break and untill then I will spend time perfecting my own strategy and studying fundamentals (thats why we are in crypto right? Not only for the money - although money is nice). These prices suit as good opportunites for hodl buys but the most money is always made trading altcoins. For that we need BTC to be safe above supports (above the said trendline at least). So as I said, until that happens we are free to spend time away from charts :).
DJI WEEKLY - FIB RETRACEMENT - CORRECTION MODE - MEGAPHONEFollowing along with the MEGAPHONE theme from a previous chart taking the first touch of the MEGAPHONE TOP, as the top. Being a weekly chart, we need to see the weekly close below the RIBBON for CONFIRMATION that we are indeed heading into a period of CORRECTION. Given that the FEDERAL RESERVE will meet next week and have already stated that they will not move in to bolster the stock market I hazard a guess that the DOW will continue its current downward trend. As we all know the FED is slow to respond as that is the nature of the data cycle, they are at least 3-6 months behind real-world. We also need to keep in mind that the FED is an INFLATION fighting mode which means they will be announcing a rate rise of 25 basis points at the very least for a MARCH START, which the market has already priced in. My gut feeling is that they need to raise rates by 50 basis points to douse inflation, which the market has not priced in.
We have a CHINESE NEW YEAR coming up and harsh WARNINGS FROM the WEF and DAVOS.
Take care and stay safe.
NOT FINANCIAL ADVICE
XAUUSD going to be bearish? We can see that on D1 timeframe, price has touched the previous consolidation zone at around 1843-1850. If we breakdown into smaller timeframes, on the 4HR, we can notice that there is a gap on 22nd Nov 2021.
My entry was a little bit early. I am expecting a double top to form and first profit target would be around 1819 area.
Long opportunity on AUDUSDpotential long back into 0.72800 as the price has retraced all the way back down into an area of high volume and a key demand zone. You can see where the price dipped down into with the big bearish candle could simply be a draw of liquidity before moving higher through todays LND and NY sessions.
Potential shorts incoming on GBPUSDWe have broken the channel and now hit a key supply zone, i will be watching closely to see if this is a liquidity trap from above the channel to move back in.
We are now nearing a key zone on the 4H TF with an imbalance zone. I will be watching the orange zone within that blue zone for signs of rejection.
Zone Trading strategy and custom indicatorThis is an idea that uses Pivot Points, Fibonacci, Fractals, and Momentum to attempt to predict "zones" where the market may pass through. Typically used on faster chart times, but this example shows a 15 min chart for demonstration purposes. This idea has been used on ES, NQ, RTY, YM, and their related micro futures products.
ADA Almost ready to rumble! Let's start with: "What goes up must come down!"
As we can see on the weekly TF we started the run up around the $1, we've been going straight up towards the $2.3 level.
After hitting it's previous ATH at $2.46 we saw a fast drop down all the way back to the current strong supportzone between the 1 - 1.15 USD.
This ignitiated the second run up towards the current ATH at 3.10 USD, followed by a heavy pullback, back towards "lift off" point!
Which leaves us currently trading around the 1.17 wich is near the strong supportzone.
What i'd love to see is finding support, retesting this support level and gain momentum towards the upside and start an uptrend, if we hold the key support level around the $1 it's still looking strong for Cardano and we could deffinately see a new ATH in the near future, 'cause what comes down, also must go up! :)
But... If we break the support we could be going lower between the 0.84 - 0.94.
Something i think we won't be seein' happening due to the fact that the supportzone seems to be a legit strong one, but hey, u'll never know ! :)
Also the Stochastic RSI looks almost ready for lift off.
Let's see what the next couple of days will bring and if we close this, or the next weekly candle in the support zone, followed by a nice BIG green fellow!
*******If you guys like my (global) analysis please leave a like, it's my second published idea.
I'm always open for info, improvement, learning and feedback!
ADA/USDT Bybit Perpetual Contract
Cardano - US Dollar
Have a nice day people, Trade safe & Stay safe!
Further downside on ETH?Looking at the chart we can see 2 critical areas that we have not reached yet. ETH is in a bullish momentum however we might find the price drop before rising back up in order to collect orders from the zones shown.
Market Update - BULLISH! - And how I trade levels in a downtrendIn this video:
* A quick review of the current market sentiment
* I am bullish!
* Everything is moving as expected
* I review and instruct on a more advanced trading technique/strategy - How to trade levels in a correcting or bearish market?
* You can make gainz by going long in a bear trend!
Happy New Year Traders!
Possible Short opportunity on EUR/USD resistance zone 15m TFSince the early morning the EUR/USD price is working on that 15m TF resistance zone.
This is also in confluence with the 1h chart.
I would personally set my profits as on the screenshot and may extend the stop loss to like an ATR something like above one of the last highs (depending on your strat.. - see the arrows)
You could also set a third TP like on one of the stronger bottom swings.
Keep in mind that we're in an overall downtrend:
Maybe keep an eye on the RSI for oversold scenarios.. But well also depends on your strat so :)..
CUBE - Quick dated Review of price actionCUBE - All Time High @56.53 on November 3, 2021 with significant pull backs on 10/5 and 11/17. She reached resistance on September 8, 2021. It is currently a resistance zone consolidating.
Auction Zones for XLMThese are the most likely institutional auction zones for $XLM based on a highly accurate algorithm I've developed that identifies buy/sell clusters of the largest areas of volume
Auction Zones for XLMThese are the most likely institutional auction zones for $XLM based on a highly accurate algorithm I've developed that identifies buy/sell clusters of the largest areas of volume
Auction Zones for XLMThese are the most likely institutional auction zones for $XLM based on a highly accurate algorithm I've developed that identifies buy/sell clusters of the largest areas of volume
Bullish Gartley Near Support With Two Profit Targets: SRM/USDSRM is nearing a Support/Resistance Zone and Printing a Bullish Gartley with the PCZ of the Gartley lining up with the Support/Resistance Zone. I think it should bullishly reverse between $4.80 and $3.80 and that it will go to $8.80. If it can get above $8.80 the $15 target would seem more likely.
