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Apex

Bitcoin's Next Psychological Destination $70,000In many ways I still feel like we're just in the very early stages of this bull cycle in Bitcoin. Interesting to see how this one will play out. We just hit the $60,000 psychological number and $70,00 will be next. Grayscale Capital and MicroStrategy Investments are investing heavily at all time highs. They will continue to do so even past $100,000. Don't forgot the avalanche of corporations and intuitions that want a piece of that Bitcoin pie. Bitcoin is starting to seem like a good price under $100,000.
COINBASE:BTCUSDLong
by peacefuljustin
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused
APEX FROZEN FOOD - Ascending Triangle Pattern - Swing TradeThis analysis is purely based on price action and chart pattern. Another zoomed-in image showing Fibo-Support by price is included here for more understanding. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Trade Strategy along with logic is explained in image itself. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Feel Free to comment for any query and suggestion.
NSE:APEXLong
by AdityaKarn90
DOTUSDT Dynamic Resistance|Structural S/R|Apex|Declining VolumeEvening Traders, Second Analysis – DOTUSDT- trading with the psychology of a Descending Triangle, price is approaching its apex. Points to consider, - Bearish Price Action - Structural S/R Respected - Key Dynamic Resistance - Oscillators Below 50 - Declining Volume DOTUSDT’s immediate price action is bearish with consecutive lower highs under dynamic resistance. Price is being coiled into its apex where a break will be imminent; breaking key structural S/R will allow us to have a bearish bias on the market. Both oscillators are showing weakness trading under their 50- midpoint, further downside is likely to reach oversold conditions. The volume profile is currently declining; an influx will be highly probable as price breaks from its Apex. Overall, in my opinion, breaking bearish will allow for a valid short with define risk. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, It does not matter how slowly you go as long as you do not stop.”Confucius
Short
by The_Alchemist_Trader_
2
DIAUSDT Falling Wedge|Price Action Apex|Swing Low|200MA|.618 FibEvening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge pattern were a confirmation will allow us to have a bullish bias on the market. The market structure is currently making lower lows on dynamic support, holding this on the next test will increase the probability of a bullish divergence on the RSI. The volume profile is currently below average, a break of resistance will need increasing volume. This will signal a true breakout, aiding in avoidance of fake outs. Immediate target is the bearish retest zone which is in confluence with the .618 Fibonacci and market structure. A respect of resistance here is highly probable on the first test. Overall, in my opinion, DIAUSDT is a valid long once the falling wedge pattern is confirmed. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
BTCUSDT Dynamic Resistance|Bullish Divergence|.618 Fib|PA Evening traders, Today’s Analysis – BTCUSDT- a probable swing trade, signs of a short term bullish bias as price shows strength, breaking dynamic resistance is a long. Points to consider, - PA Demand (.618 Fibonacci Level) - Dynamic resistance/support converging (Apex) - 21 MA visual guide - Oscillators diverging - Volume below average BTCUSDT’s price action shows that there is demand below key Fibonacci levels, mainly the .618 level. This gives us a short term bullish bias on the market as price action shows strength. The Dynamic resistance and supports are converging; price will have to break out of its apex sometime before 18th July. The 21 MA can be used as a visual guide for when the breakout occurs, price is likely to trend of it. Oscillators are both diverging from price; this shows immediate strength in the market, remaining above the 50 level is bullish. Volume needs to increase upon a breakout, this will help dictate the strength off the move and avoid fake outs. Overall, in my opinion, BTCUSDT will have a volatile move from its apex. A break of the key dynamic resistance allows for a valid long with defined risk. Any moves are to be backed with increasing volume to avoid fake outs. What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by The_Alchemist_Trader_
8