Bitcoin's chart is slowly finishing forming a diamond pattern. Unless something unexpected happens in the next few hours, we are sure to see a nice downward price movement. This is not financial advice.
(1) 🔬 Dividing the GBTC price by the BTCUSD price, we have this chart in a downtrend. This indicates that GBTC has underperformed Bitcoin. 🟢 The price spent most of the time in the green rectangle, threatening to break out several times. In March 2021, GBTC broke out of this rectangle. 🟣 Projecting this rectangle downwards, in a new purple rectangle, we have a...
hello guys... btc touches bottom line of symmetrical triangle for 6,7 times, in my opinion, there is High probability break down this line and reach to second target. just wait but be aware of that! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with...
Hey traders, Analyzing a daily chart on USDJPY, I noticed that the market is stuck within a narrow horizontal range. The price perfectly respects a key horizontal support & resistance. This week, look for a breakout trade. A bullish breakout of 140.4 - 140.8 (daily candle close above) will be a bullish signal, and will lead to a continuation to 143.0...
Scenario 1: Instead of falling right away TSLA holds at this $180 resistance. I do think if the markets are green then TSLA will be able to run to the $182-$185 range. If it touches that range then I think it will pullback back down to the $180 resistance then a free fall from there to $150. I am not very bullish on TSLA right now. Scenario 2: TSLA trades at this...
Last week the Dollar Index met its measured target of the descending triangle breakout. Bullish bias still remains as the Dollar Index continues to trade above the 200 simple moving average (SMA). To look for entries, let us zoom into the lower time frame in this week's analysis. In the lower time frame, we can see that the Dollar Index is trading in...
As marked in the chart, datapattns is trading in a rectangular range. Break on either side will decide the trend. Some more consolidation will be a healthy signal for more upmove.
Hey traders, USDCAD reached a key daily level last week. The price was consolidating on that for some time. The pair formed a horizontal trading range on 4H time frame. This morning, its resistance was broken. I believe it will initiate a bullish movement. Goals: 1.3395 / 1.345 ❤️If you have any questions, please, ask me in the comment section. Please,...
Southwest Airlines, helluva airline stock has taken a massive hit during this WideSpread Bear Market. Just recently LUV has seen further selloff to levels seen at the COVID Crash Bottom. Major Support is definitely coming in here, and Demand is heavy. Buyers are and will step in at these prices certainly as the company is not failing... yet lol. With this in...
So far price has been fluctuating in a rectangle. Bollinger bands are squeezed again. Will we observe price returning to the mean (daily sma200)? Trade safe
Most USD pairs are ranging on intraday time-frames... It will be interesting to see where price goes from here... GBPUSD didn't even break it's range with today's negative CPI figure...
Hey traders, US30 is trading within a narrow intraday horizontal trading range. The price reached its lower boundary yesterday. I expect a bullish movement to 33900. A double bottom formation on an hourly time frame gives us a nice confirmation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Let's look for closures where I indicated with X. Targets are determined according to Fibonacci.
Top-down analysis on US30. Price action & key levels. Potential scenarios. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Banknifty opened with a slight gap on the upside at 42177 vs the previous close at 42137. Price did not sustain the gap and moved lower but traded within the range of the previous day's candle, forming inside the candle. You can clearly see the price action on the hourly chart, and how well prices moved with Friday's first-hour candle. Now breakout on either...
Multiple tops/ rectangle on daily frame. Watch for a potential breakout. Trade safe
Tatamotor is all set for vroom vroom after a long break by breaking past consolidation range of 390-410 with good volumes. Excellent risk:reward trade. Could be bought with mentioned stoploss & target.
Multiple time frame analysis on Gold. Price action, key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️