Hey fellow traders,
just a reminder to see the big picture... Look at the historical trading volume which is below us (actual price 38,5k atm) and the number of supports from them... Now imagine how much of a sell effort would that be to break all of them? Is it realistic? I feel NOT.
Let's wait what FED will have for us next week, how the markets will react...
Here is a Bitcoin long from the bottom of the range and weekly nPoc, the price target is the daily level at 43.4k but I'm going to take profit slightly before we reach this target in the coming week.
There is currently a lot of fear in the market, according to CVD the majority of that is Perpetual shorts, the majority of Spot bitcoin is holding right now which...
Will We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week?
I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Outcome...
ES1! SPX500USD 2022 MAY 02 Week
Market reached 4127, so scenario1 has materialized.
Wait for price reaction to this level.
We should now be on the look out for Scenario2 or 3. Preference is to
short when price retraces on lower volume to test demand.
Scenarios mapped out:
1) Test of breakdown 4368 (test may not happen), and
price continue toward 4135-4212...
US30USD YM1! DOW 2022 MAY 02 Week
If no exception, market will likely continue toward 32427-32167 Scenario1 extension
from last week's analysis.
Wait for price reaction.
Play scenarios mapped out:
1) Test of 34220 breakdown, and continue toward 32167-32427 region
2) 32167-32427: If level is broken and later market returns to this area,
and is supported, next...
NAS100 USD NQ1! NASDAQ 2022 May 02 week
Last week Nasdaq followed scenario 2, with a break of 13025, retrace to
test demand and continued on a breakdown.
Both HTF and HI/H4 last point of supply has materialized. If there are
no surprise to disrupt this structure, we should be expecting a continuation of
downward movement. Therefore preference will be to short...
weekly volume increasing, declines lagging. daily volume cratered as momentum slows. maybe we drift to a high volume flush below trendline support. i'm not a meteorologist. better weather ahead or eye of the storm? let me know what you think. as always, dyor and nfa. author holds ETH and other cryptocurrencies.
COMP is forming what looks like a descending triangle. Volume is dropping and COMP's price has just crossed the MA50, which didn't offer much support.
Once Compound closes below $115, I think it's safe to assume that COMP is going to test its November 2020 low at ~ $80.6.
Let's see how this plays out.
Thanks for your support.
Have a good one.
XTZ has been correcting from its ATH since October 2021. It is like a textbook correction with typical bear market rallies. Tezos is now trading around its main historical support trendline. If XTZ breaks below that, I think we will head towards $2-2.2.
However, given the current level and historical upside impetus from the main support trendline that you can see...
I don't like what I see here. IOTA seems to have formed a big descending triangle indicating a further downside. It is currently trading slightly below the lower edge of the DT. If the price cannot break above the lower edge, I'm pretty much conviced that we see IOTA dip into the support area around $0.4-0.45
What is slightly encouraging though is that the last...
BitCoke token COKE is a new comer in the field of platform token. As the native token of BitCoke, like other competing exchange tokens, it functions as an utility token, whose holders exclusively receive a set of benefits and privileges.
Despite growing adoption cases and user numbers, COKE price has gone through a dramatic fall since the end of previous...
the price history is aggressive move by strong buyers to push the price upword at those levels as shown on the chart
also we have clear view of the current price is out value area , just keep on eye we are in the weekly chart
but we will looking for clear pure price action at least on the 4H chart
happy trade for all
Hello, everyone!
As I told you yesterday I opened the long trade because of the strongest bullish divergence on the 4h timeframe. Today we can see the weak upside movement. Moreover there are a lot of resistances and selling pressure right now on the Bitcoin price chart, but I suppose that it is not the case of the true price weakness.
The price and volume spike...
CPB had some sweeps and block call flows yesterday and the cart looks good IMO with a nice gap above, strength and volume uptick.
Trader went 5/6 48 calls 300K premium and 5/20 call sweeps 48/49 strike.
I like more time, so I'm long 5/20 49 calls, swinging and singing baby
Target would be gap close 48.78 but will start trimming calls on the way .
Cheers
