📌 ridethepig | TSLA on the Fairway
An illustration of the consequences when surrendering the support and when your opponent grabs the break.
It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play.
Past two days were tensed for cryptocurrency market players:
Bulls having losses or keep funds locked in trades
Bears had several liquidations due to sudden bounces
Who favors from such price action?
Literally both sides!
Bulls could close long positions at Widening falling wedge near with $54 815 level and accumulate strong assets with a 30% discount...
The chart shows a fractal that can potentially form on this trading pair. I must say right away that fractals in trading are a rather conventional method of analysis, but sometimes they are applicable. This is in addition to the usual technical analysis, nothing more. Helps to logically anticipate potential price movement formation before it occurs long before...
DOGE / BTC After super pumping the price, a symmetrical triangle is formed. We see the ransom squeeze from its lower border. If a given triangle forms, its base is 300%. Let me remind you that the accumulation pump, depending on the exchange, was about + 1500%.
If we assume that a triangle is formed, then it will be fully worked out in cases of a breakthrough of...
the performance of the Tesla stock (TSLAUSD) amazes me day by day. The fundamentals align with a very bullish and kinda healthy
looking chart (combared to bitcoin). We can see that the price is moving above the Moving Average 50 & 200 (blue area) for a
few months now.
We've managed to make some nice gains by taking a long position at the breakout...
Referencing YTD channel volatility and direction, forecast wave 5 sustaining ~60k USD by end of Week 1/early Week 2 March.
Accounting for the Elon factor here, the Tesla news triggered an overbought divergence north of channel within range of historical volatility (~13%). Correction this past week within historical volatility below channel (~13%) to resume...
$BTCUSDT had formed a cup and handle pattern and it is bullish in the long run. However, we didn't have any retracements for a long-time.
I've drawn support lines (green lines). volume profile helped me to see where people are willing to buy at.
1-Pushes followed by retraces are healthy for the market.
2- I think the pushes that we made are driven by pumps...
Local work. Timeframe 4 hours. In a local uptrend, a diagonal triangle (rising wedge) has formed at its top, the price is practically in the corner. Soon, the denouement is an entry in the direction of a breakout or a rollback after a breakout, now it is not rational to enter a deal, you need to wait for a denouement. But you need to understand that there may be...
BTC is back on track, thank you ELON
Mother of all crypto is back on track after breaking ATH.
After the bearish pattern breach (which was created by the ELON MUSH PUMP - look at my earlier chart), the breach was confirmed after the resistance line became support.
After the breach a new support line has been formed (Yellow line in chart). This bullish...
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
- High risk but higher reward, 1:4
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE...
Dogecoin (DOGE) is projected to move 387x in price and achieve dollar parity by March.
The events that will launch the price action are that Elon Musk will announce (he does not know it himself yet) on November 3rd right as elections are finishing that he will instate DOGE as main currency on his Mars colony, because of the election outcome the earth will be...
Today, we will speak about the current structure we can see on TSLA .
- Corrective Patterns tell us about the accumulation and distribution process. That creates sideways movements which form this Zig-Zag / Triangles / Irregular patterns
- Breakout trading is about waiting for the breakout of a formation. We consider that the accumulation and distribution...
AMC Entertainment (AMC) (February 4th 2021 through February 18th 2021)
(Potential entries) Low: $0.57 - $2.00 - $3.13 - $4.81
(Potential swing high levels) High: $5.08 - $6.28 - $10.10 - $10.94
I am looking for price action to come down near where I have placed 2 orange boxes for potential entries for future prospects of AMC. If people (WSB) manage to...
I think this exodus from tech and EV stocks is not a bursting of the bubble in the way the bears think I think we simply need to sift out the winners and realign our money with them and take from the companies that may not have revenue till 2027. Don't panic if you're in a good company hold strong with diamond haands!!! Support if you like what you see!!!!
A few things lining up on this. Price is in a clear correction whilst approaching a key significant area which happens to fall inside 0.5 and 0.618 fib which happen to be the most favourable fibonacci levels.
If correction breaks early, enter on breakout with stops below correction.
As you can see we arrived to an interesting part of TESLA price...
We have recently seen a huge rise in the price of the Tesla, which is almost looks like a bubble.
However, there are several signs that this rise is over and the correction is beginning. At the H4 time plane, peaks have already begun to decline and there is a narrowing of the exchange rate from...