GbpJpy -> Short Squeeze Over?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪
After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy.
However by looking at the weekly timeframe you can see that GbpJpy is a little bit overextended at the moment so I do expect a retracement at least back to the 0.236 or 0.382 fibonacci retracement level.
And it seems like with today's candle GbpJpy is breaking daily structure towards the downside so I am first waiting for another bearish push and if we then get a retest of the previous structure zone and some bearish confirmation I then do expect another daily bearish drop to retest the weekly fibonacci levels.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Triangle
The Mother Of All Trades 🙏🏽 Billions Will Be Made!Imagine a world, where The Crypto Weather Channel had its own bank. That bank stored a large amount of its capital reserves in Bitcoin at the start of the Bull Market. This is what that would look like.
#Long
Take Profit: $66,442 (5th Halving Price)
Entry: $26,976 (CAT 1 Price)
Stop Loss: $15,473 (Market Cycle Low)
Apple -> New All-Time-HighHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe is also showing that Apple is not slowing down at all, there are barely any red candles which means that buyers are 100% in control of the overall bullish market.
And after Apple gapped higher on Friday, the daily timeframe is certainly ready for a short term technical pullback to fill the gap, but then there is definitely a higher chance that the next move on Apple stock will be again towards the upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
What are Cumulus Triangles? 😱 Check out this new development!"Cumulus Triangles" are new Bitcoin chart patterns developed exclusively by The Crypto Weather Channel to help identify the trading range of bitcoin between the start of the first Bull market and the Halving. Have no idea where Bitcoin is going next? We've got you covered, all the way up until the Halving event! Thanks for watching.
EurUsd -> Triangle Pattern SpottedHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd just retested and already started to once again reject a major previous weekly resistance area at the $1.10 level.
You can also see however that weekly market structure is still overall bullish, EurUsd is still creating higher highs and higher lows and we do have a strong bullish trendline coming in at the $1.07 level which could act as support, so I am now just waiting for a retest of this support line before I then do expect another rejection towards the upside.
On the daily timeframe you can see that EurUsd is now actually creating an obvious symmetrical triangle continuation pattern and is currently rejecting the resistance trendline towards the downside so from the current levels I first do expect more downside and then I do expect a rejection away from the support trendline at the $1.075 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GBPCHF I Brief pullback and more upsideWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
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Bitcoin is breaking out above the resistance trend line.Bitcoin has broken out above the resistance trend line which is also the upper line of the triangle we anticipated on previous analysis as the bearish pennant structure. However, still there isn't any confirmation for the continuation for this breaking out. Must wait the break also on this horizontal resistance at $27465 level. Also look at the TRX as the hotlist coin for today.
Bitcoin price action update : Bearish pennantThis is another update about the bitcoin as the price action has been developing in another consolidation factor. During the development of the price action, we also see that the price is now forming another bearish scenario as the liquidation factor involved in this analysis.
[Watch] Tesla versus Toyota 0️⃣3️⃣| It has to break 200$If we do not break the 200$ round figure, nothing significant will happen to NASDAQ:TSLA investors.
It does make sense why investors still like to buy NYSE:TM because it has 150$ in Book Value.
On the other hand, Tesla now has 127855 employees and NYSE:F 173000, so Elon Musk is growing his company as fast as he can.
Please remember, this is not Technical Analysis is just my map to add shares because I like the stock, and my daughter likes it too.
Let's get you to 1st base first, then blue skies and a ton of fresh air await all of us.
And remember...
Above All and All in All, God Bless America...!
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share a full Tesla map that anyone can use to measure possible upside and full risk potential.
Bitcoin could form another consolidation patternIt's been a difficult week to trade on the crypto space and we are now seeing the price is forming another possibility of descending triangle. On the higher time frame, the price hasn't broken the bullish structure but still we are open for possibility to test $25200 region first.
Bitcoin Remains Below 30K: Is It a Buying Opportunity or a Trap?Bitcoin trying to breakout of 30K and goes into 31-32K.we could see a decoupling happeing between SPX and BTC.
If BTC loses 29K again then loses 26.8K we could say we are not going to 31K if not there is a slight possibility for us to reach there before a major move to the downside.
SPX at a key support level as same as NQ1
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Bitcoin Ready For Next Big Move! Is 25K Comin Today with FOMC ? Bitcoin in a triangle pattern trying to find its next move.We could touch 29.1 to sweep the high and 26.8 to sweep the lows before our main move.
We usually get a decent to big move with FOMC but sometimes the main move happen a day after
Losing 24.8K (golden pocket) could result in a HUGE capitulation.
*** DISCLAIMER No Financial Advice ***
Thanks for watching
Bitcoin -> Maybe A Little OverextendedHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin is approaching a massive previous weekly support zone excatly at the HKEX:32 ,000 area which is now turned extremely strong resistance.
However you can also see that weekly market structure is massively bullish, in my opinion we already saw the bottom of the bear market, so I am now just waiting for a short term retracement before then I do expect the next weekly rally towards the upside.
On the daily timeframe you can see that Bitcoin just recently broke out of the symmetrical triangle as predicted in my last analysis - I am now just waiting for a retest of the previous resistance area at HKEX:28 ,500 and then I do expect more continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin : Both short and long set up is readyBitcoin is currently trending at the strong area of resistance which there are a lot of confluence factors right aroung this zone that we have to be very cautious. Price hasn't broken out above the resistance zone so we have to stay away from it temporarily. Also, this is our set up on BTC so that we can anticipate both upside and downside movement of the Bitcoin.
Bitcoin -> Symmetrical Triangle BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area.
You can also see that the past three weeks there was literally no movement in Bitcoin price so I am now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area.
On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so I am now just waiting for a breakout and then I simply do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
[Watch] MARA versus Bitcoin 3️⃣1️⃣| So far from Overbought Alright Team NASDAQ:MARA
I welcome you to a new month full of opportunities: April 2023.
Today I go over why I think (my perspective) following RSI, this speculative trading and investing opportunity Marathon Digital Holdings is so far from Overbought conditions.
Do you remember last week's PCE print? Well, not that bad.
It has to read 5.1% or lower; if that happens, we fly because the FED with Jerome Powell can have evidence to pause; there is no need to pivot.
All we need is for the Fed to Pause and adjust to the current economic environment.
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need t NASDAQ:MARA o invest 20,000 dollars immediately. NASDAQ:MARA
Ethereum -> Breakout TimeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is about to retest a massive previous weekly structure area exactly at the psychological $2000 area which was quite strong resistance in the past.
You can also see that Ethereum recently broke out of a symmetrical triangle and weekly market structure is overall bullish, so I actually do expect a break above the $2000 area and then just more continuation towards the upside.
On the daily timeframe you can see that Ethereum has been ranging for the past couple of days, I am now just waiting for a break above the daily resistance area, followed by a retest and then I do expect more continuation towards the upside from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Cant Hold The Price Up AnymoreBTC\4H Exited The Parallel channel
When FOMC number was annonced we performed a sweep to both sides then we started to dump.
After we hit our target 26.6 as mentioned in previous video we formed a Ascending triangle ( another jebait like 30k) and we exited to the upside from it with low volume which could be counted as retracement.
With Banking situation and credit tightening that is happening , 25bps will have a big impact and most likely we gonna crash ( Ive talked about this more in vid
My Targets are still the same : 25.4 - 23.2
Thank you for watching and all the support - Means A LOT TO ME
BTC and BNB are entering the triangle patternBoth BTC and BNB are entering the possible triangle at the resistance zone. 2 things that can occurs right now is that either the price breaks above the upside or getting rejected and slam down pretty hard. The thing is that when we see a consolidation near strong level of support or resistance, the APEX break out will be very wild and could give a huge effect to the next movement.
Note : BTC since the break out above $25200 level, hasn't retested this region as a support so current break out isn't backed by a strong confirmation.