Channeltrend
NQ - Tweezer BottomI posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish).
The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach 13000 in the near future. Has the market turned the corner for good after hitting a low of 11,000 on 16 June? We won't know for sure but I would be a bull rather than a bear in the near term. Watch for market reactions to earnings of the big boys (namely FAANG stocks and take the cue from there.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
EURUSD AnalysisCurrently, the EURUSD is in a downward channel in the daily time frame, and if it breaks this channel upwards, the first resistance zone it has is the range of 1.06710 to 1.07930 .
if it breaks the channel from the bottom, the first support zone is the range of 0.97509 to 0.96.
You can also switch between channels !
UK 100 FUTURE LOOKING FOR CONTINUATIONFTSE 100 is looking good for continuation, it is trying to break through Resistance and hold as Support.
Channel Up for all of 2021 and half of 2022. Fell out of the pattern into an Ascending Triangle and hit Target 1 and 2.
Ascending Triangle complete and Target 1 hit.
If we fail to break current Resistance we will retrace to Targets 1 and 2.
BTC dump and what to expectRight now there is panic due to America releasing the official statistics, BUT BTC is still the most stable thing on the market to invest into as some people say. I drew some price predictions and other stuff.
The fixed volume shows the price that people most buy out BTC and I left the pivots there for you (Weekly).
There is a technical flat for the last 1000 bars, but that's due to the fact that we are gathering the power for some huge price movement at the moment.
For the indicator DM @Sadesguy
Bitcoin price is jumping-upBitcoin this week might be traded in 21K to 23K channel, instead of 19K to 21K price that it was traded in the previous weeks. Meanwhile it's uncertain that for how many days or weeks the price would be ascending... It would be pretty hard for bitcoin to break-down it's pivot points and its 34-day EMA. Please click on the rocket below to give it a boost.
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair!
**AUDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Brian & Kenya Horton, BK Forex Academy
$IBM reached previous ATH from 2013I frankly forgot IBM still exist. Last month it slightly broke the ATH from March and April 2013. Yes, it can take 9 years to get rid of your bags. So, trade carefully and have your stop losses or exit plan in place. It's been in this massive channel on monthly for 9 years. Perhaps time to breakout? Earnings sent the stock slightly lower, but I'll keep my eye on it.
Gap Leading to Channel BreakWith the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA.
We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD preparing to cross its over sold.
If todays close is above yesterdays we will also see the candle pattern Three White Soliders. Though this pattern tends to warn that the majority of the bullish move is over and waiting for a throwback might be wise.
Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound.
The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence.
It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
EURCAD Headed Upward 50+ pips IntradayWelcome back! Here's an analysis of this pair!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Brian & Kenya Horton, BK Forex Academy
BTC: POSSIBLE SCENARIOS! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is consolidating in the same range from the last 48 hours. Looks like someone tap the pause button for bitcoin.
According the chart, BTC is trading inside a channel and as long as it holds inside the channel we can expect a bounce. Breaks out of yellow line will give us the confirmation.
If any candle close below the channel then we see a dump again and I'm ready to short the market again.
So as of now we have to wait for the confirmation of bullish or bearish scenario. I'll keep you guys updated here.
If you like this idea then do support tit with like and follow.
Also, share your views in the comment section.
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MATIC channel - more likely to go downBINANCE:MATICUSDT As you can see, we are currently following this channel and we are at the top of the channel and the trend is slowly going down.
There is a good chance that we reach the bottom of the channel again anytime soom.
Or maybe not ;)
Please handle buying positions with cautionAccording to a recent agreement between Turkey and Finland and Sweden joining NATO and the downtrend channel of the daily ounce of gold, as well as the overlap of resistance, the sale deal seemed to make more sense than the buy deal. The ounce is currently 1820 $, and my goal in this deal is to sell an ounce, which is technically on the floor of the daily downtrend channel and the Price Action area from 1770 to 1745.
BOTTOM IS CLOSE ON BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY .
This is my third video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
I forgot to mention that 300 weekly ma is also at the bottom of my monthly channel and also i forgot to mention that i am still in my short position from the top of the range at 32400k.
What do you think about my second third video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
Historical Tops & Where They Could Lead UsWith the world economies weakening, interest rates rising, equities tumbling, and inflation running rampant; I have been forced to generate a few panic support levels for BTC.
The chart above illustrates a ratio analysis study of the major corrections from the 2013 and 2017 Bitcoin highs.
By extending the ratio's of the former corrections we are able to generate two major support zones.
Panic Zone 1: 20k-23k
Panic Zone 2: 9.5k-12.5k
While target zone 2 seems quite deep at the moment, target zone 1 is also supported by my 2019 channel analysis here:
Target zone 2 could become relevant because in addition to the world's worsening economic situation, many argue that Bitcoin's rate of growth is based upon a curve rather than a linear path.
If this theory holds and equities continue to tumble, then I would not rule out a sub-10k wick in the future.
Though less relevant, I also conducted a simple time study above in hopes that if crypto goes into a major correction, it could be over by the end of June.