Hi everyone, First of all, with this post, I'll not try to predict the ultimate bottom of BTC in this cycle because none can do this. The proposed model as seen in chart is just one of some possible scenarios that I'll consider for my future trades. I would like to name it the "Elliptical Distribution". Indeed, it seems that the BTC's prices have been moving...
Crypto chart on weekly using RSI and MACD (7d-40d) for entry/exits for 35-150% gains. COINBASE:BTCUSD Correlation to stock plays as crypto miners; MARA OTC:ARBKF NASDAQ:HVBT or TSXV:HIVE RIOT NASDAQ:HUT PETAHASH
I took a buy 📈 trade on EURUSD. Price fell to retest a critical potential HH and supply-demand level zone. There are lots of essential confluences that make this trade possible for profit gain. My buy entry was at $1.0605. I placed my exit beneath the EMA trendline and below the support zone.
Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today’s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15 and December 1. (Both were also monthly highs.) That may suggest old support has become new...
$ICP/USDT lost local support of rising parallel channel. Bearish continuation possible after a little pullback/retest of the breakdown level. EMAs crossed bearish. RSI below 0. Retest of the EMAs required to activate the short trade. SL above broken support zone, which should now act as resistance.
As we already know that US30 has achieved 76.4% of Fib Level i.e. around 35k. And we all know that there are some Fib retracement levels. So kindly note below the Fib levels of 35k as follows: 38.2% = 32,547 - 1st Target 50% = 31,797 - 2nd Target 61.8% = 31,047 - 3rd Target Take your sell trades target by target. or level by level. Overall US30 will go down and...
Keeping it short and sweet... Assuming this weekly candle closes below ~18.2k, we're looking at a rejection of: 1) Trendline 2) 300 Week SMA 3) 50% Fib 4) Weekly S/R Level Pretty confluent if you ask me - not to mention macro conditions are likely to get worse from here going into 2023.
The stock was delisted from the main german stock index DAX (DEU40 / GER40), taking effect on Dec 19, 2022. I will sell the stock if the candle CLOSES below the down trend line on daily basis, using a (european) knock out certificate. It's a kind of short selling in the US. On Friday 16, the volume got extremely high which let me think of an exhaustion of the...
Price nicely rejected the 18200 level and started moving towards the bottom of the range that has been forming since around the 10th of November. After this initial leg down price has slowed down and started to consolidate around the 16700 area. I will be still interested in scaling in this short and keep the current position open, if one of the two scenarios...
USDJPY is in a horizontal tight bear flag. The market is likely waiting for US CPI and FOMC this upcoming week. I am still biased towards the downside believing that the downside breakout of the bear flag with trend continuation is more likely. The second leg down in this bear trend has been smaller indicating waning bearish momentum. We could get a test of the...
Sold Bitcoin At A Loss I sold Bitcoin at a loss today as falls below my technical cut-loss price of 17,300.00. I purchased this asset back on December 12 as it break the 120-day ALMA line which could signal a potential trend reversal. This is in spite of the negative sentiment in the markets due to the 50 basis point rate increase by the US Federal Reserve. In...
In order to catch the targets, we need to find closures where I indicated with X.Targets are determined according to Fibonacci.
In order to catch the targets, we need to find closures where I indicated with X.Targets are determined according to Fibonacci.
Although there is a bowl formation on the chart, the targets are drawn according to Fibonacci.
I am looking at a short opportunity on TESLA. 😃 WEEKLY; price has been plummeting to the downside since September. Price is beneath all EMA, which signals a solid impending bearish trend. Price recently crossed beneath the 200 EMA, which signals the end of the bull trend! For the past two weeks, TESLA’s price has been dropping. WK candle closed -at 16.10%- the...
If it drops to 754, I will pick up a few and ride it up to 1076.
Downtrending but with diminishing candle ranges and Dojis. The MACD oscillator has lines crossed under the histogram. Currently priced more than one standard deviation below VWAP and ready for entry. See also ENPH, SEGD, SUNW, and the ETF- TAN.
Wow, this is super amazing. Buyers push prices higher and put us in reasonable amounts of profit. Now the weekends, we see the price has moved higher to previous highs. Will there be a reversal or break above? This we will see next week. If you decide to hold your trade until next week is fine, or you close now with some profits.