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Technical Analysis :
12 hour pull back chart :
Verified by VRVP :
I'll join the action only when that red line finally breaks.
My strategy involves using a dynamically trailing stop loss approach.
Feel free to leave comments if you'd like to receive regular updates on my SL's.
Thank you, loyal followers! Your support drives me forward on this...
Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000.
A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965.
In my previous post, I made it clear that Bitcoin had entered a downtrend, with an approximate target of $5K based on the data I analyzed within a 91-day timeframe.
In this second part, we can observe the continuation of the downtrend, as evidenced by significant price breaks below a strong support level indicated by the grey box on a 34-day timeframe chart.
For the past four weeks, I've been expressing my doubts about the current market situation, which appears to be artificial and lacking any clear indications of a bullish target.
Now, let's delve into the technical aspects:
1.Examining the 62-day timeframe chart, we can identify the demand zone, representing the true value of the asset. Conversely, the...
A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here.
The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of $200k (a dream worth chasing!). You can see the chart here.
It is advisable to refrain from initiating long positions...
Bitcoin Life Cycle Part 1
Technical Analysis of the 91-Day Key Time Frame:
Trend: Bitcoin is in an uptrend.
1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a...
Click here to learn why I believe a significant bearish trend is imminent.
1. Clear targets set for a potential significant continuation.
2. Timing of the occurrence remains to be seen.
3. Enter upon price breakout of the indicated key zones.
4. Feel free to comment and share your own technical analysis if you have different perspectives.
5. Keep the...
Trend Line Breakout
Focus on Targets:
It is advisable to monitor the targets and their progress.
SL Touch and Re-entry:
In case the stop-loss (SL) is reached, and I decide to re-enter, I will share the details of my re-entry.
Feedback is Welcome:
Please feel free to provide your valuable feedback.
Technical Analysis :
Unveiling the Mystery: Understanding the Actual Value Zone in Stock Trading
In simple terms, the Actual Value Zone represents the price range within which retailers trade a stock among themselves. Let's take an example to understand it better.
Imagine there is a continuous supply of 10,000 kg of potatoes in the market. This keeps the...
Technical Analysis Update:
In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend:
1. Currently, we are in a crucial 1-hour Key Supply Zone.
2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on...
Technical Analysis Highlights:
As discussed in the previous related idea about HAL, there are indications supporting a significant bearish movement.
1. The entry point on the chart occurs when a 16-minute candle closes below 3461.9.
2. I personally implement a trailing stop loss strategy, but feel free to use a stop loss level that you find comfortable.
1.Technical analysis indicates a consolidation zone, depicted by the orange box, implying no trading is advised.
2.For those expecting significant bullish movements, please refer to the linked Bitcoin post explaining why the bearish setup appears stronger.
3.However, if someone still wishes to go long, it is recommended to wait for the price to break above this...
Detailed Technical Analysis about the direction of HAL
1. The HAL stock's actual value can be clearly observed on the 62-day chart . To demonstrate the accuracy of my analysis, I utilized the Search Volume Profile (SVP) to highlight the precision of my levels. If you're unfamiliar with SVP, I recommend conducting some research to expand your understanding.
The one-hour timeframe has successfully surpassed a key level on ETHUSDT.
The confirmation of the direction of ETHUSDT in relation to the one-hour timeframe is supported by the Search Volume Profile (SVP).
The remaining details are self-explanatory!
I've been hearing that major cryptocurrencies are experiencing a bullish trend at the moment....
Embark on an exhilarating journey into the realm of Technical Analysis!
1.Unveiling the Key Long Zone, vividly marked in a captivating blue zone, revealing a potential hotspot for long positions.
2.Brace yourself as we explore Two Entry Time Frames, providing you with strategic windows of opportunity to maximize your trades.
3.Keep your sights locked on the...
1.The red line represents a crucial breakout point that triggers an 8.86% bull run.
2.Set your stop loss based on the demand zone of either 1 or 4-minutes intervals. If you need assistance in creating them, please direct message me.
3.Take profits by closing half of your position when reaching the orange line, and adjust your stop loss to...
Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout.
Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions.
Blue Line: Another key level that serves...