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BTCUSD - Is the bull-rally over or just the beginning? Hello traders, investors and community. Today i am analysing BTCUSD and what will probably happen next. In my chart we are looking on the daily price of BTCUSD. In my chart you can see the huge suppy zone right where we got rejected the last days on june 26th. This is a critical zone because we have supply there from the bear-market 2018, you see the BTCUSD price has just marked some upthrust over the 11800 - 14000 level and got rejected in the supply zone, this is because traders taking profit and more important investors who held BTC from old days leaving the market. In my chart you can see this dashed dark blue trend line, this is an important area for BTCUSD because we have temporary support here. When we cross the blue trend line in this are which you can see on my chart the next target will be the second large blue trendline and the support zone in green which you can see on my chart. We have also good support there provided from the high 9900, you can see it at the dashed light blue trend line. My expectation is that BTCUSD gets some upthrust back in the supply area where it will be rejected by the huge supply lying in this area. When we come back to this area i will open a short position there at 13000 - 13700 with targets at 9500 - 9000. This is a good oportunity to trade the upcoming turbolences. Also looking on the RSI provided in my chart you can see that the RSI reached a critical level at overbought conditions, there is also a bearish divergence which makes the probability higher we are facing pull-backs in the future. Practically speaking the bull-rally can not be over, there are just some turbolences coming the next days! After the pull-back from the support zone we have to see if BTCUSD makes a comeback and is going to form new highs or if it fails. I am optimistic that we can easily reach new highs after the pull-back, but it is always better to keep the other possibilities in mind until then i will trade this market on the SHORT side. Have a great day! I hope you enjoyed my analysis! This is only educational information and should not be used to take action in the markets! Will be back analysing crypto, forex, stocks! Peace and love to everybody!
BITFINEX:BTCUSDShort
by VincePrince
1
IBKR Weekly Technical AnalysisIBKR Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Pitchfork, Confluence, Clusters, Trend Lines, ABCD Pattern, Fibonacci Extensions - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:IBKR
by BahamasX
HALLIBURTON Weekly Technical AnalysisHAL Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Clusters, Trend Lines , Parallel Chanel, Fibonacci, Gap, Triangle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NYSE:HAL
by BahamasX
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:AMD
by BahamasX
NVIDIA Weekly Technical AnalysisNVDA weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Channel, Pitchfork, Rectangle, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:NVDA
by BahamasX
PEPE BULLISH after retest of KEY support!PEPE is targeting the daily level below. If price can stay above the daily level and golden pocket, after a breakout of the descending trend line, that would be #BULLISH in my opinion. I would then expect price to target the POC (Yellow line) 20% above then the next major resistance (Blue box) 45% above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
MAXLEV PATTERN: NEW STRAT? OR A REFINEMENT OF THE OLD?After buying a trading book... damn, I'm overwhelmed again lol. But, I guess having the indicators were just for additional volume confluence? Basically overall shit is still the same. SMC POI LEVELS(S/R BASED ON PIVOT & PDL/PDH) VOLUME PROFILES (STATIC & DYNAMIC) TIME RANGE SWEEPS But I think I realized something. I used to mark SMC stuff first, but in actuality it should be the last. Use pivot to establish day bias. Use volume to see how price reacts to pivot/bias. Use Time Ranges to check for sweeps whether continuation or reversal. Use SMC/ICT to optimize entry on the 5min TF. We'll see how it goes.
Short
by reventioaxie
MACY'S Weekly Technical AnalysisM weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NYSE:M
by BahamasX
SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
COMEX:SI1!
by BahamasX
INTEL Daily Technical AnalysisINTC Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Fibonacci Retracement, Gap - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:INTC
by BahamasX
S&P 500 Daily Technical AnalysisSP 500 Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
VANTAGE:SP500
by BahamasX
S&P 500 Daily Technical AnalysisES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Fibonacci Retracement / Extension - Hope it Helps, Good Luck Chart unchanged, just a refresh from July 2023, no update required. DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
What is Confluence❓✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to find confluence — but oftentimes the result is conflicting signals. This can cause a lapse of confidence and a great deal of confusion. Some traders add more and more signals the less confident they get, and continue to make the problem worse for themselves. ✅ Confluence is very important to increase the chances of winning trades, a trader needs to have at least two factors of confluence to open a trade. When the confluence exists, the trader becomes more confident on his negotiations. ✅ The Factors Of Confluence Are: Higher Time Frame Analysis; Trade during London Open; Trade during New York Open; Refine Higher Time Frame key levels in Lower Time Frame entries; Combine setups; Trade during High Impact News Events. ✅ Refine HTF key levels in LTF entries or setups for confirmation that the HTF analysis will hold the price. HTF Key Levels Are: HTF Order Blocks; HTF Liquidity Pools; HTF Market Structure.
OANDA:XAUUSDEducation
by Snick3rSD
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
NYSE:GMELong
by RizeSenpai
4
AMD DOUBLE RESISTANCE! PERFECT?AMD had a nice pump this week and not it's in a little bit of trouble. There is a confluence stopping it's bullish price action. Two major resistance levels merge and AMD looks like it will need to retrace back to the support below before another attempt at moving higher. If price stays where is it by Monday open, I will enter a short position with my stop above the current local high. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:AMD
by Navitility
2
📈💼 Mastering the market with Support & Resistance ConfluencesWhen navigating the intricate world of trading, skilled traders keep a keen eye out for specific signals that guide their entry and exit decisions. What's even better? When multiple signals converge at a particular price point, it's like a symphony of market harmony. In trading lingo, we call this phenomenon "Confluence." These confluence points serve as the cornerstone for building well-informed trade plans. It allow us to maximize the winning rate and therefore constitute a major key to transform a losing trader into a winning trader. In this blog post, I'm here to empower you with insights and examples of support and resistance confluences to elevate your market analysis game. 📌 Essential Knowledge First 📌 Before you embark on the quest to spot confluences on your price charts, you must lay a solid foundation of basic technical analysis concepts. This entails mastering the art of plotting support and resistance levels, skillfully drawing trendlines, recognizing fundamental technical chart patterns, and understanding the proper utilization of technical indicators. Without these fundamental skills, confluence points will remain elusive, leading to flawed analysis and mistimed trading decisions. 🤝 Demystifying Confluences 🤝 Confluences manifest on your charts when two or more technical indicators intersect at a specific price level. For technical analysts, these moments are akin to uncovering hidden treasures that signal opportune moments to enter or exit trades. 📈 Understanding Support Confluences 📈 Support confluences are the sweet spots where two or more technical support levels converge at a particular price point. These magical intersections signify robust buying pressure and present optimal entry points for purchasing a stock. A support confluence typically boasts two or more of the following bullish signals: 📈 Bullish Divergence: When price and a technical indicator move in opposite directions, often hinting at an upcoming price reversal in an upward direction. 🔄 Price Rebounds at Key Support Level: Especially powerful if it aligns with a multi-year support level, suggesting strong historical significance. 📐 Price Rebounds at Trendline Support: When price bounces off a trendline, it signifies a technical support that traders closely monitor. 🧮 Price Rebounds at Fibonacci Support Level: Fibonacci retracement levels often serve as critical support zones. 📊 RSI within 20 - 30: A Relative Strength Index (RSI) reading within this range can indicate an oversold condition and potential for an upward bounce. ⚙️ MACD Bullish Crossover: When the Moving Average Convergence Divergence (MACD) indicator forms a bullish crossover, it signals potential upward momentum. 📈 Dynamic support: when you use one or several moving average Now that you have a clearer picture of support and resistance confluences, you're equipped to elevate your trading prowess. This is how you draw the highly qualitative setups that will boost your trading career! Remember, trading is an art and a science. Mastering the nuances of confluences can significantly enhance your ability to make informed trading decisions. Happy trading, and may your charts be filled with profitable confluence points! 📊📈💰 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you want more qualitative insights like this one 🌊🚀
TVC:USOILEducation
by Thomas_Zito
1