After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again?
Tencent has not closed below the 40 MA on the monthly chart yet.
The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term.
Currently, the MA level to watch is 431.
If we close below this moving...
Hello traders and investors! Thanks to the earnings report , SNAP is flying today. But how to proceed when this happens? Is it time to buy, to sell, to go short, or just do nothing? The charts will give us an answer.
If you are in SNAP, I always advise to book at least half of your profits in a day like today, just in case, and then set a technical stop-gain...
Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range.
However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we...
The Market may have some more room to the downside with the longer term uptrend still intact,The Mega Cap stocks have earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm...
Welcome to this update-analysis about Bitcoin and its Wyckoff Accumulation Developments that are taking place since the increased bearish volatility to the downside has shown up in May this year. In the former origin-analysis, I already exemplified the main phases of Accumulation Bitcoin developed and with its decisive elements such as the selling-climax...
As it can be clearly inferred from the chart, the price has formed a beautiful parallel channel and is now located at the upper boundary of it. Massive wick rejections can also be identified, which indicates a weak bullish pressure around the area of resistance. We are now expecting the price to keep dropping and reach the area plotted on the graph.
Feel free to...
BNB also caught my eye for the potential up move.
We can see after price initially made the bearish move down, it begin to form a bigger correctional structure.
As we can see price is getting squeeze into this triangle/pennant like structure, with a few swing highs and lows.
What is important here is to determine is is going to be a continuation...
Dego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego...
As we can see price broke the pattern to the upside and now we may have a great amount of rise soon after a retest of the breakout is completed.
Notice: if price falls hard, then again strong daily support is ahead that can give price some strength as you can see mentioned on the chart with green zone too.
As we can see from the illustration, the overall market direction is bearish. The price attempted a fake breakout to the upside to catch retail Stop Losses, and it is now getting ready to drop. We will be opening Sell positions and aiming for the target shown on the chart
I was overwhelmed by the generosity of likes and comments, thank you friends for being so giving and kind, not many people have the virtue of generosity.
Analysis on #GBPNZD
I was tempted to sell the market at these levels but did not meet my rules for entry, however, the next best place for a sell will be if the market moves and the structure resistance level...
Price is actually in a very strong support zone. This is why I am watching for two potential bullish scenarios on $BABA. If the price will follow the red scenario then we may focus on the $205.50 target. If the price will move down up to my favorite zone between 184-186 then we need to focus on two targets for taking our profits:
Amazon is looking for a Digital Currency and Blockchain Product Lead as the internet giant progresses with plans to bring its payments systems into the crypto age.
Most likely, it will be a stablecoin. With intentions to integrate cryptocurrency into their platform, Amazon will join the team of Facebook, Twitter, Telegram, Mastercard, etc.
AMZN broke its ATH of...
-Shares of Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) dropped 4% as of 10 a.m. EDT Monday, and given the headlines coming out of China last week regarding how the government is cracking down on tech companies left and right, this is not too surprising.
-As The Wall Street Journal reported over the weekend, the Chinese government is pressing tech...
Today we will show you our research on SID looking for statistical patterns on price historical data.
First: We have defined all the cases we want to study. In this case, ALL the corrections above the yellow horizontal line with a retracement higher or equal to -20%. Also, we have defined the duration of each of them.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
US30 is sitting around its ATH so we will be looking for sell setups on lower timeframes.
on M30: US30 is forming a channel in blue but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => ...
As you see in the daily chart, price is bouncing in the ascending parallel channel but it seems like the bullish pressure is decreasing and US dollar is going to be weak.
Currently, price is below the Friday’s low (92.780) but still above weekly low (92.500).
Moreover, a reversal triple top pattern has been created inside the channel.
Since parallel channels...
Welcome Hyperspace Traveler,
This is a ghost fractal model to show 1-Day Timeframe movements based on a macro binary analog signal.
It is for my record and your lurking only. This is strictly for personal research purposes. It will serve you no purpose other than to simply stay curious to my time-series postings and watch the fun. I can't possibly be right......
As we can see from the chart "Nasdaq 100 E-mini Futures" is at all-time highs. The previous all-time high was on July 13 and that resistance zone was broken by a strong bullish candle on July 23. Actually, the price is creating another continuation pattern and it looks like the bulls won't give up and may move the price higher.
A break of the price below 15040 may...
The 1790-95 zone acts as a serious support for price. It has been tested multiple times and every time price bounces of.
A crucial moment is approaching. Tomorrow we have FED Interest rate decision and that's definitely going to affect price on gold.
If we see market below the support at 1795 then we will be looking for a move down at least to 1775.
Every once in a while you have to commit to something that pushes the boundaries of your comfort zone — that gets your heart beating, the breath shaky and palms sweaty. For us, that’s this moment right now, where we share with you the efforts of a project that’s been a long time in the making. It’s with great pleasure that we present to you the new look and feel...
Hello Traders. Welcome to Chapter 4.6! This is FINAL CHAPTER of my Elliott Waves series that took me 6 months to create starting from chapter 1. Here we will finally conclude with learning about the "Fibonacci Ratio Lengths for Corrective Wave Multiples". In the previous sub-chapter, we learned how to apply Fibonacci lengths for waves 1-5, now we will learn how to...
Hey here is Technical Patterns cheat sheet for traders.
🖨 Every trader must print this cheatsheet and keep it on the desk 👍
🖼 Printable picture below (Right click > Save Image As…)
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data,...
As you may have seen, TradingView’s got a new look and feel. As part of this rebrand, we’ve partnered with top athletes in the fields of climbing, skiing and adventuring, including legendary free soloing rock climber Alex Honnold. Alex knows a thing or two about risk – being the first person in the world to have ever free solo-climbed El Capitan in Yosemite Valley...
Regression trends are typically used to determine when a price is unusually far from its baseline. The script calculates the linear regression of volume and price to determine the trend direction and strength. This can be used to determine the volume support for upward/downward trends.
As a special feature, this indicator allows you to choose from three (as of...
Probability Distribution Histogram
During data exploration it is often useful to plot the distribution of the data one is exploring. This indicator plots the distribution of data between different bins.
Essentially, what we do is we look at the min and max of the entire data set to determine its range. When we have the range of the data, we decide how many...
Market Trading Sessions is a tool designed to help traders to find the best times of the day for price action trading. It displays non-overlapping visuals for the major trading sessions : Oceania, Asia, Europe, and USA.
This tool has been designed to match all the following requirements that I needed for optimal usage :
Display opening and...
This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!..
Sell/Buy volumes are calculated approximately!.
"Number of Bars" : Number of the bars that volume profile will be...
MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging...
Silver is totally bearish for us on daily chart.
It could make a new impulse leg on daily chart.
Now just wait for a new entry before NY session to open sell.
Details in the video.
LESS IS MORE!
Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.