Bitcoin (BTC) looking healthy! Hi guys,
So in this video, I'm showing you two of my favourite bitcoin indicators that show that bitcoin is looking to start the next phase of the bull run and not enter into a capitulation event down 40% that people are calling for.
These indicators are free to use on TradingView and are:
- NVT signal line
- Mayer Multiple Bands
Nothing in this video is financial advice and just one take on the market
Please do your own research. Other than that, stay healthy and keep stacking sats!
Let me know what you think.
Tchau
Technical Analysis
Video: New Pattern to Watch For on the Bitcoin Chart!Traders,
I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along.
So, now we have yet another pattern that seems to indicate there could be further downside in the cards. An exit to the UPSIDE of the TRIANGLE would be very BULLISH. An exit to the DOWNSIDE of the TRIANGLE would be VERY BEARISH and with confirmation on the daily, I would then expect us to reach our TARGET DOWN of $20-24k. Again, confirmation to the downside would be very important. A breach of our support is not enough. We would need a second candle to open and close below support (BLACK ASCENDING TREND LINE) and preferably a third candle to follow suit.
For now, the market remains inside this TRIANGLE, which I have called the FUD ZONE. Until anything significant is determined geo-politically, whether positive or negative, I don't think our station inside the triangle is going to change much. I expect us to remain inside the triangle, unless and until the market receives news (good or bad).
This is just one more indicator to add to your array.
Please be safe with your trades at this time. I wish you only the best.
- Stew
BTC, ETH, DXY, SPX - General TA Update - 10 MarJust a quick update and run though of BTC ETH DXY SPX and some Alts
Yesterday's bullish news on Crypto from Biden gave us some relief as well as DXY downside
so everything came back down.
BTC is still in the range - 45k to 35k so trade it as a range
DXY had the parabolic break which also contributed to the general pump
Play the range, take local profit targets, tight stops, and low leverage scalps
BTC Market Makers using ukraine news - todays altcoin: ADAYo guys, welcome to the channel Hawkeye Charting.
Yesterdays projection of working the 36-35k zone in BTC has been even surpassed and we're now waiting for some kind of reversal relating to the market maker method.
Is Price affected by the ukraine news or did the market makers simply use the news to hide their hand?
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves .
Peace
Market Makers working the BTC 200EMA... Todays Altcoin: ETHYo guys, welcome to the channel Hawkeye Charting.
MM let us see their hands by working the 200EMA. Question is: Will we see a breakout and move towards the 800EMA first or will we directly go towards the currently interesting pool of liquidity at 36-35k?
Check out what I will pay attention to for today.
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves.
Peace
The next sell zone on BTC | Where should we enter?This is our video update on Bitcoin. In the video, you can clearly see how well our last analysis played out and that price is moving just as expected.
After the next consecutive push down and market reaching the support of around 36500$, we now expect that another pullback will follow. This will be great as it will give us another entry opportunity. However, before we draw our zone correctly we have to make sure that price has started this pullback, which is not yet confirmed.
We're looking at the same setup, that we shared in our previous analysis but this time at lower levels, which also confirms the downside continuation.
To find out the exact levels where we expect to get another entry, make sure to follow us.
Good luck!
GOLD continuation BUYS!As tensions around the world heat up so does the gold buys... if you traded gold during the trump presidency you know how wild it can be to day trade lol. As we see huge upside expect for some sharp sell offs, that's where ill be looking at adding positions for a lot more upside!
Mon 14th Feb 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high correlation between these trades, as all involve the EUR. Enjoy the day all. Cheers. Jim
COPX LongAMEX:COPX
The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.
www.globalxetfs.com
XAUUSD GOLD Technical Analysis (POTENTIAL BREAKOUT)-Bullish pennant daily chart pattern.
-Long term bullish in gold/commodities with inflation and with potential inflation rated.
-Buy low/Sell high.
-Potential stop loss hunt when the price gets more squeezed closer together. Normally a big explosive move to the upside comes from this.
-I could see a fake-out to the downside and trap a lot of traders then the big money takes the price to the upside.
Beware False Breakouts! How To Spot Them...Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache!
Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown!
In this video I look at examples in the Silver ETF AMEX:SLV , Spotify stock NYSE:SPOT , and Forex Euro/Dollar pair FX:EURUSD for false breakouts and what follows.
I am excited to make this video for my viewers and for Best of Us Investing!