We need to close some higher timeframe candles above 61,252 to get BTC back in heavy volume range we've been trading in since February.
If we dont re-claim this value area, its going to get ugly. If the re-claim is successful then we'll shoot for 67k POC, if successful, then we shoot again for the 71k highs , then MAYBE a new ATH.
My personal opinion
If you want...
Based on 2019 fractal using Moving Averages (20,50,200) and Visible Range Volume Profile (VRVP):
Some similarities, some differences. 20 MA @ $21,950 on 3 Day chart will be the key level to look out for.
Welcome back,
Disclaimer: This is NOT trading advice. These are solely my opinions that I have posted for educational purposes only. I hope you make tons of money, I am not responsible for any financial losses. Thanks for reading!
Bitcoin has been in an overall downtrend since early November highs just under $65,000. Interestingly, Bitcoin has completed two 6...
The alt market is looking really bullish. The market cap reads above the consolidation trend shown above on the 15m chart, and we see a golden cross closely approaching fruition between the 180ma and the 9ma. The visible range will give us levels of guidance as we see inflow/outflow accordingly. Good luck traders!
Disclaimer: These are my opinions posted for...
BINANCE:ADAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#ADA has formed a falling wedge, Which have the bullish bias after break above the pattern.
Also now, It shows that we experienced one rally before by breaking above the falling wedge !...
BINANCE:ANKRUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#ANKR is moving in a bullish pennant which is almost reached to the apex of the pennant and it can lead the pair above the pennant after 4 failed breakdown attempt on the lower...
Hello trader,
Nice week and profitable deals 💲
We have 3 different Counts for wave 5:
green Count - 60 % probability
red Count - 30% probability
blue Count - 10 % probability
PART I
ETH/USD longshortswitch - great opportunity !!
PART II
ETH/USD - The father of Alts - - great opportunity !! PART II
I would like to mention that all I post are just options...
My weekly position! Going to short ( buy puts I should say ) Planet Fitness
Technicals & Fundamentals support a decline in value of this stock short term and I am very excited to explain my findings, beliefs, & trading strategy.
Technical Analysis:
I. Candle stick analysis
II. MACD shows growing bearish divergence/ weakening bullish divergence
III....
There is a good deal more economic news on tap this week with a jobs report Friday and PMIs mid-week. Earnings continue with 25% of the S&P still left to report. Beyond my favorites futures contracts which include stock indices, interest rates, and metals, I'll be watching the Chinese stocks and what Bitcoin wants to do around $40K.
I am a huge fan of Apple and their business model, but this is technical analysis and the "red" flags are screaming that it is time for a sharp correction.
Indicators:
I. Red trend lines signaling future decline ( trend lines are from the Knoxville Divergence indicator and help foresee growing divergence often times ahead of MACD and traditional sell...
Microsoft is going to fall in price and here are the reasons why:
Technical Indicators:
I. Knoxville Divergence Trend Line showing bulls have lost control as seen in the circled area where it is no longer following the upward trend
II. Red clouds above most recent candles showing growing bearish strength
III. Visible range shows prime price is 251.81...
Playing around with some newly discovered indicators & have been learning ways to strategize from these indications.
I am also using indicators I have plenty of experience with.
Let me break down each indicator & then I will discuss my personal strategy for this stock.
Indicators:
I. RSI which is showing price to be underbought
II. Divergence+ shows a...
Welcome back traders, the Alt market has been a crazy place over the last couple months. First we will take a look at LIND/USD, and then compare it to the market as a whole:
As we can see on the 4h chart above, Chainlink has been trading down and sideways along with the alt market for the last several weeks. Are we starting to see the downtrend break? Although...
DOGE is getting ready for a big move soon. As you can see on the 12h, the red lines demonstrate an enormous pattern completing. Given the natural volatility, a big move is imminent. Also displayed are the 70, 80, and 90 day moving averages, which we may expect to act as support/resistance(s/r). The visible range's largest node at $.310597 is a big s/r line to...
"Volume Profile is an extremely valuable technical analysis tool that is used by traders everywhere. The key to Volume Profile’s continued relevancy is its versatility. It is a charting tool that truly does have a wide array of uses. Unlike many other studies, there is little to no debate about Volume Profile’s usefulness. The data that is provided by Volume...
forming what looks like a cup and handle.
there's buyers at support around $29-30, which is also where the c&h trendline bounce should occur. at that point i will go long.
