Will we wick into the red zone? This is my long term BLX chart. The basics are the curved logarithmic regression lines. Vertically the halvings are marked. I haven't touched the full lines in quite a while, they seem to be holding up very well. Can you imagine someone trying to liquidate everyone up until 2x? The red area looks the ultimate pain zone to me....
Shorting Time Current price: 4013 USD Enter price at: 4130 USD Leverage: x3-5 Short x5 leverage within the red zone - AFTER drop confirmation. Target 1: 3915 USD Target 2: 3850 USD Target 3: 3750 USD
So BTC has been performing very well and remained strong last week despite stock market downside. Currently BTC invalidated dead cat bounce theory and the higher probability is now running to ATHs. So far the price range is a bit extended, it would be ideal scenario to wait for the dip into 50-45k with invalidation close below 45k for better risk reward scenario....
We lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames. Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure. IMO the market is still bearish and any bullish rally we have is a short term recovery.......
Let's keep this simple. SPY on the four hour chart. One more day of consolidation will complete the right shoulder. Lower then average volume, to many bad bad super bad catalyst to not have this play out. Evergrande, debt ceiling, over leveraged banks, and hedge funds, housing bubble, inflation, fed tapering. Don't kid yourself.
PAF released their annual report today. Positive Yearly earnings up 63% , now PER is at about 4. This is incredible !!! Insiders (CEO and financial executive) bought a lot of shares recently Dividend will increase 28.5% (vote in November) Stock buy-back announced (to be precised later) Awaiting a lot of infrastructure developments and prospection results...
MATICUSDTPERP is showing a Head and Shoulders Pattern, which is a variation of an M formation. What I want to see to feel safe, is price drop during the next daily candle. It would be a complete fail is MATIC price exceeds the price of the current top of the Right Shoulder. I will personally take a short because I can see different confluences in the chart that...
BINANCE:DOTUSDTPERP is showing a Head and Shoulders Pattern, which is a variation of an M formation. What I want to see to feel safe, is price drop during the next daily candle. It would be a complete fail is DOT price exceeds the price of the current top of the Right Shoulder. I will personally take a short because I can see different confluences in the chart...
Bullish Pennant 🟢 Target Price: $0.035-$0.04, Leverage: x2.5 Who are we? We're a small group of Artificial Intelligence (AI) researchers primarily from Russia. We developed an AI ("OXY AI bot") for detecting technical analysis patterns on multi-timeframe charts. Our bot recognized a Bullish Pennant on this chart and so, we open a long position: 🟢 Target...
Buy: 0.003 - 0.00325 Stop Loss: 0.0028 Reason: retest of trendline and proprietary buy signal
ALT COINS ARE CURRENTLY LEADING THE MARKET Most Alt-coins have already broken the 0.236 support on Fibonacci retracement, this means it will have an effect on the Ethereum and Bitcoin prices. By the end of today Ethereum should be below 2450, and bitcoin will go to 36000 if it breaks 37545.
Ethereum just broke out of it's ascending channel, It retested it and now it's holding a support level, i personally have shorted it but don't believe this is a good entry point if it breaks below 2460 i recommend shorting to 2385 for approximately 3% gain.
Ethereum is touching its support level in its ascending channel if you long to 2700$ with or without leverage you can make a profitable gain (approximately 7%) with 5x leverage that is 35%.
All-in BTC Short 🔻 TP: $31 700, x10 🔴 KEY POINTS: - RSI is strongly overbought - Momentum hit RSI Resistance - Price Action hit Channel Resistance - Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance - Chart Pattern: This Technical Indicator Variation worked 100% in the past We've opened a second BTC short. This time...
BITFINEX:BTCUSD is coming off its rally now on the denial from Amazon NASDAQ:AMZN that it will not accept Bitcoin. Prior to this the run up has been labeled a "short squeeze" as that term has become all the rage in 2021. It did in fact qualify as one seeing as how over 60% of leveraged short positions have cleared out in the bullish move. From a contrarian...
I just opened a long position on ADA/USDT two bullish patterns, one within the other: inverted head and shoulders | Falling wedge 1- falling wedge: Stats: Break-even failure rate: 11% in a bull market; 11% in a bear market Average rise: 32% in a bull market; 26% in a bear market Percentage meeting price target: 70% in a bull market; 60% in a bear market 2-...
This down move as of writing has finally slowed the acceleration of the record level of COINBASE:BTCUSD leveraged longs. Taking out the consolidation lows would truly see the capitulation. Trade wisely. The reward to risk is greater where there is the most potential pain.
Fil bottomed out locally at a strong support level, giving opportunity for a high risk high reward trade at high leverage, 50X or more. We all need to swing the bat from time to time. Trade at your own risk.