CRYPTO SHORT HUNTERits a normal condition in cryptocurrency to pump up till hundrets or thousands percents becasue of high volume or hype.
latest crypto that reach ATH is AXS. so... as a futures traders, most of them hunts the tops to drive down the price, I mean to get the best momentum for short entry.
this is a few tutorial, trial, high risk tutorial for shorting the top.
very high risk, because we couldnt define the resistance area before it reach ATH.
so, to define probability of the latest ATH is to combine many things!
1. use Wyckoff scheme in low timeframe (3m-1h tf) to define the distribution scheme
2. combine with oscilator, define the trend reversal
3. draw important support line.
4. extra dicipline in stoploss!
Alltimehigh
US30 - Dow Jones - My Trading Plan in 3 minsHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US30, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
ASX:CATHere we have the lifetime chart for ASX:CAT.
- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.
- It then went on a 3 year downtrend back to its original $0.63.
- After that we see it recover to $2.13 in 1 year.
- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.
- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.
I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.
DYOR
I hope this helps someone
AXE looking to continue its BULLISH trend all the way to its ATHAs you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra disposable income due to the 2020/2021 EOFY tax returns.
Buy order: $1.000-$1.010.
Stop loss: $0.920 (-8.46%)
Take profit ranges: $1.100 (+9.45%) / $1.200 (+19.43%) / $1.250 (+24.35%) / $1.335 (+32.89%)
Not financial advice. Be safe and good luck!
TCS TF 1HR CONSOLIDATINGTCS CHART PAUSE IN TREND AFTER BREAKOUT IT MIGHT BE THE MEASURED MOVE UP
TOP OF CHANNEL HARD TO BREAK THE CHANNEL IN
FIRST ATTEMPT MAYBE IT WILL GO DWNTHEEN UP
LETS SEE HOW PRICE REACT IF PRICE BREAK ALL
TIME HIGH WITH GOOD VOLUME U CAN WAIT FOR
RETEST OR IF U WANT TO ENTRE EARLY IN TREND
SHIFT TO SALLER TF AND ENTRE WHEN SHIFT OF
STRUCTURE COMES AND SEE HOW PRICE REACT
BITCOIN'S BULLISH REVERSAL CONFIRMED!As continuously discussed over the last few weeks, both here and on the YT channel, we've long welcomed a fakeout down below the very key $30 000 support zone, but given that it would recover aggressively and at massive trading volumes.
We have now gotten EVERYTHING we've asked for and more in Bitcoin, and for those reasons there is a strong chance the bottom has in fact been set, and that new all-time highs are within reach.
What then are the things that further confirm this bullish reversal case?
1) As marked on the chart, we had a fakeout that turned into a bullish hammer on the 4-hour chart - and at significant trading volumes at that to let us know that the bulls are in full control and that they control the support zone.
2) The support zone held up. This is important as there is no support to speak of below until the previous all-time high at around $20 000.
3) The RSI is showing healthy patterns of recovery. This slow, gradual increase is a textbook sign of emerging strength.
These would all individually speak of strength. Now they come together as a force and I am convinced enough about this being a reversal to have moved all-in, not in Bitcoin, but in Marathon Digital Holdings, as it moves exponentially to that of Bitcoin.
Of course, there are still dangers lurking about. IF the price were to break below $30 000 again, then expect a brutal capitulation drop to take place. Luckily, there's a lot of built-up strength on the charts now to render that possibility unlikely. With that said, I will release EVERYTHING should Bitcoin break below again. One test below was the bullish fakeout to shake out the last weak hands that we asked for. A second revisit would change everything for the worse.
With that said, I am highly optimistic about this. And given that I bought in again at $33 000 equivalent, the stoploss is $3 000 below. But ... given that new all-time highs are fair to assume given the five month long wait in combination with the fact that we're technically still in a mark-up, $90 000 should be a conservative number before any significant correction of -20-30%. This means that the upside is $57 000 whereas the downside is $3 000. This gives us 19:1 in odds.
What this means is that as long as there's at least a 5% chance of this having been the bottom, then it's mathematically worth taking a long trade. And, I'd say it more than fair to assume that the chances of this being the bullish reversal we've been waiting for is far higher than 5%.
AMC Testing Pi ResistanceInteresting way to look at the fibs here on AMC
By measuring the first AMC swing which resulted in a symmetrical triangle consolidation
we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave.
Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate.
We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth.
If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
TRCH Fib AnalysisThis is a quick overview of a recent runner $TRCH.
After gapping through all time highs. We have reached, and closed exactly at, the all time 1.618.
This resistance is just as strong as any other and I expect to see some reaction here. Along with this we have a bearish RSI divergence deep in overbought territory.
While we may continue well past this level. Expect a minor correction before any further continuation.
AMAZON Correction Ahead! Sell!
Hello,Traders!
AMAZON is trading in an uptrend and is climbing even despite the SPY falling
However,the stock is approaching it's all-time-high levels
Which acts a strong resistance, that was tested multiple times
That makes me locally bearish, and I am expecting a correction
Limited by the rising support line
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
L&T TF 15 MIN FLAG BREAKOUT HERE WE CAN SEE PRICE IS IN UPTREND AND AFTR BREAKOUT OF OF DOUBLE BOTTO IT IS RETESTING NECKLINE OF DOUBLE BOTTOM
IF IT WILL BREAK ABOVE THE UPPER TRENDLNE OF FLAGWE CAN ENTRE
OR IF U WANT TO CAUGHT MOUMENTUM YOU WILL ENTRE AT BREAK OF HIGH/14 JUNE HIGH FOR SAFE AND SL IS SWING LOW OR FLAG LOW
US100 - Potential Bearish Reversal Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow.
US100 is sitting around its All-Time-High and round number 14k so we will be looking for sell setups on lower timeframes.
on H4: US100 is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, US100 would be overall bullish and can still trade higher.
and of course, as it approaches the lower blue trendline from Daily, we will be looking for trend-following buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BNGO cup and handle on the weeklyVery bullish on BNGO. We got a new catalyst which si a new CCO, cup and handle formation on the weekly time frame, MACD crossing upward, Parabolic SAR switching below the price, RSI going to overbought areas, some shorts, and all we need is a huge volume to make this stock breakout to all time highs which is great area because of less resistance and less supply area.
Alkem Labs - Multi Year Breakout- Multi year Breakout from All time High
- ALKEM showing good breakout after a long range consolidation with Volume expansion
- May retest the breakout levels and then regain bullish momentum
- RSI placed at 71 ( Uptrend )
- Entry can be made at around 3150-3180 levels
* Educational purposes only
Bitcoin back on the upswing?Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that:
Bitcoin has broken out of the triangle to the upside
The MACD's histogram has been moving in a positive direction since the 19th of May
The RSI left oversold territory and has stayed above 30 - indicating upward momentum
The MACD has crossed the signal line - indicating upward momentum
However, the $40,000 line is not only a historic resistance level, but it is also a psychology significant number. It would be great news if we were to break that 40k level. And as we have learned about Bitcoin, the news can have a MAJOR affect on the price of bitcoin.
There is also the 200 day MA to contend with. There will still be bearish sentiment in the market as long as we are under that level. We are "In a bear market" according to many.
So if Bitcoin does not break 40k, and does not break the 200 day moving average, than we could see another retracement back down.
This is all in the short term though. Since the beginning of the year and continuing now, there has been huge institutional investment into Bitcoin.
I am not sure where bitcoin is headed in the next month or two but, I'd be shocked if it does not hit 100k by the end of the year.
Thank you for reading! Please check out my guides on how to read different indicators linked below. Be sure to Like, Comment, and Follow for more!
ADA/USDT - Short Term Prediction - Next All Time HighHi Everyone,
Cardano(ADA) had a price correction after its ATH but can observe a stable growth in an ascending channel even during a market crash.
ADA has tested its resistance level 1.8 area twice and has created an ascending triangle pattern.
Price level 1.4-1.5 level can be the next support area for ADA as per the triangle and Fib retracement if ADA is unable to break the current resistance level.
However, in short term, ADA has a possibility of reaching 2.4 or the next ATH.
Open for reviews, opinions, and feedback.
Insanity at its best - This Bull Run will see BTC above $200,000I have just compared the 2017 bull run with the current one, and have found insane similarities........
if you watch closely, the price movement, and even the percent change from one ATH to another gives strong indications..........
I will share my this bull run chart shortly