Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement. Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line . According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for...
With Adobe's earnings report due tomorrow, we have analyzed the weekly chart to get a clearer picture. We started our count in November 2018, identifying the sub-waves 1 and 2 leading up to the primary Wave (1). This Wave (1), like the preceding sub-waves, experienced a very rapid sell-off. Such quick declines are unusual for Wave 2s, but in this chart, it repeats...
Since the COVID-19 low in March 2020 at $155, Broadcom has seen an incredible surge, similar to Nvidia's performance. The stock has skyrocketed by an astounding 840% since that low. This massive run-up makes the analysis challenging, but we've identified the Wave (1) and Wave (2) structures of this upward movement. The internal wave structure is not clear, making...
4:00pm - 5:00pm good session today - price action was very good today (trendy and not too choppy) - also many good trades today PnL: +3 RR
NYSE:NET Needs to break that $76 resistance line or death cross pattern is approaching. I like $65 to add more if support holds. There is a lot of volume in this area.
GME on a weekly chart has clear the chop zone on that indicator and is now above the POC line of the long -term volume profile indicating that bullish momentum is greater than bearish momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below...
"Our greatest glory is not in never falling, but in rising every time we fall" Dear Analysts and Traders, I would like to share my latest look at the BTC price chart. First of all, I would like to point out that I am not a person who received a targeted education. I am a self-taught person who places particular emphasis on the use of Technical Analysis as the...
This wedge pattern is a strong bullish signal for Solana, in my opinion. It's in a slight downward trend currently, but I do believe considering the high volume support around the $150 zone, that it will tap there and then eventually soar to new all-time highs.
Shib's long term outlook levels. Volume Profile. Value area high/low. Full range 618 and more local monthly 618. This is one of those charts you look back on a year later and wonder why you didn't do better....except you are seeing it now. Happy trading.
4:00pm - 5:00pm good session today - look out for key lvls! When price is consolidating --> even more lvls!!! - try not to get a bullish or bearish bias when were in a consolidation (higher timeframe) - trust your gut! worked out well today PnL: +2 RR
MACD Cross is in play. If it succeeds, stock can go to its next leg up with good volume. Keep an eye on stock for the coming weeks.
I expect a Downtrend reversal to fill the thin volume, aligning with the major trend. There's excess on the Day Before volume, which forms a B-shape. COT: LONG Commercial: 641294 SHORT Commercial: 896707
💹 Let's dive into the Bitcoin analysis we shared last week, update it, and discuss the conditions for the upcoming week! 📅 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. ⏳ Previous Analysis...
4:00pm - 5:00pm - dont trade after your fkn session dummy - dont try to miss any trades alright??? PnL: +1.5 RR (atleast I cut the risk in half tho)
I've labeled areas of confluence on the chart. Global 618 golden pocket with an orderblock nicely paired with imbalances beneath as a magnet to pull price up. The white line is the yearly Vwap and that snap point (Hard Knee) is in my area of confluence. Thats the yearly reset of the volume weighted average price. Price tends to revisit these levels. I pulled...
On AUD/CAD, it's nice to see a strong sell-off from the price of 0.91130. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with First...
On NZD/USD it's nice to see a strong sell-off from the price of 0.61890. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
On Gold , it's nice to see a strong sell-off from the price of 2351. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong...