Appears to be a slow rising. Recently two golden circle buy on the momentum indicator. Continuous higher highs. Solid industry from my perspective. In my opinion, will continue to grindly slowly higher.
Hello everyone. All the numbers on the chart : the Entry , Take profit areas and Stop loss are specified. It seems that the price indicated by the star symbol will be touched before the price indicated by the no entry sign.
This is for educational purpose. All analysis are based on my indicator. We have a hidden divergence so price can pause/ consolidate a little bit.
We continue to analyze Bitcoin using the Gaussian channel (see previous posts) 👀 📝Bitcoin is consolidating in the region of 40k, following the correction from the resistance line that I mentioned earlier. I further believe that a retest of the 37k zone is possible since there is still enough time for halving. On the wave trend oscillators, a red signal 🔴 is also...
What we are currently observing on the Bitcoin chart is a short-term correction phase within a larger cyclic impulse movement. It appears that wave 2 < wave 1 < wave 5 is forming. Specifically, wave 2 has seen the completion of wave A and potentially wave B of its corrective movement. Therefore, we are waiting to see how the formation of wave C unfolds. This...
On the above 3-day chart price action has corrected 50%. A decent long opportunity now presents itself. 1) RSI and price action resistance breakouts. 2) A bull-flag breakout + confirmation. 3) Price action confirms past resistance as support. Is it possible price action falls further? sure. Is it probable? no. Ww Type: trade Risk: <= 6% Timeframe: Act...
TRX is feeling pushy here after having that "fakeout" movement near the upper resistance zone. We had rejected the higher zones here, and now the price is trading slightly below the resistance. We want to see that zone controlled by bears, which would mean we will see a potential movement to EMAs. Swallow Team
Bitcoin is looking better than ever. Last week we had a nice downward movement, and the current week started with some sharp movement to lower zones towards that $40K zone. As you all know, we have been looking at two major zones of $34K and $26K (which hold the most liquidity), which is more of a mid-term movement for us, but in the short-term we are looking for...
The chart shows a strong bearish trend that started in February 2021 and is not finished yet. It coincides with an ABC wave pattern of Elliott's Wave Theory. Despite this, it is likely that the price is near the end of this downtrend with the possibility of a new upcoming impulse. This is due to the fact that wave C of the ABC is forming its last wave 5. It is...
According to the Elliott Wave Theory, KWS is currently showing potential for a rally, coinciding with the beginning of a new long-term impulse. Since September 2018, KWS has been undergoing a correction, graphically represented by the drawn ABC. The C wave is not yet complete, but the final 5th wave is underway and forming a wedge pattern. Its completion could...
AMEX:SPY January 26, 2024 15 Minutes AMEX:SPY refusing to take a side.Sideways the whole week. I am still holding my shorts. The range is 485-489 as per box. Either side breakout can give a $3 move. As of now, 9,21,50, and 100 averages have converged. After a long time, I did not get any trade to initiate or close on Wednesday/Thursday. In the box SPY...
BINANCE:BTCUSDT has been in a downtrend, however, bullish divergence is present on smaler timeframes indicating imminent bullish momentum if the last High is broken!
CVNA on a 30 minute chart trended up from November post earnings for 6-7 weeks until December 20th and then started falling from a head and shoulders pattern at the pivot. The Fib retracement tool is used to draw the retracement of the prior up trend. The Trend Based Fib Time is used on that prior up trend to show fib levels across time instead of...
At this point, nearly 5K is very dangerous to me sell puts or be in long at the SPX or SPY. The big frame of 2 weeks is overbought and sensible overbought like the finals of 2021 and the simple MACD show me a huge divergence in the picture. I not say that the SP500 go to the hell today or tomorrow or any of this days, but the environment doesn´t the best to be in...
Opened a credit spread on DHI yesterday, expect to hold this at least until the next FED meeting if not through earnings. Sold - $150 Feb16 Call Bought - $160 Feb16 Call Taking in ~$400/contract in premium on this trade.
Uranium ETF - $SRUFF ✅ 45% increase since entry at 200 day bounce ✅ Pennant Breakout confirmed trend 🎯 Target remains 0.618 Fib Ext at $45.00 ❌ Stop Raised to $26.67 guaranteeing 27% profit (Stop placed here as it is the most recent higher low and should remain intact for short term trend to remains valid) Hope this simplifies the...
While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now). We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone). If everything plays out nicely, we will see a very nice downward movement, for sure! Swallow Team
BCH has been teasing both EMAs for some time now and we see a nice downward movement to happen sooner (after securing that 200EMA) After that confimational breakdown, we will most likely see a lower support zone being reached there! Swallow Team