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BTC chart doesnt look bullish at all 🚨🥵🚨wuuut wuut wuut The charts have been preparing us for this moment, but a lot of people didnt see it coming. They got blinded by laser eyes and attachment to the one Single individual Elon as a savior of this crypto space. Holy cow, now most of the over leveraged people are recket, reason why technical analysis is always better. Today`s analysis will show the signs that led to the plunge of BTC and no excuses of Elon tweets. Lets deep dive and analyze. BTC has topped at 64k with a kinda rounding top but there were a lot of topping formation around the 55K to 64K range. As you can see on the chart not only the rounding top was a warning sign but also a H&S formation was in a making and you know what happens when the neckline is broken. This classic TA not stories no crying. On a micro level, you can see a small channel which was the last hope for BTC to go up to the 60K and potentially above to the 70k, but as you can see it was broken and since then what a juicy short position. All the way from the 54k to the 43k. At the moment we are at the cross rod, the chart doesn't look bullish but also there is a strong support in the region of 40 to 42K, notice a confluence of the 200MA in that area which can act as a temporary support. If that zone breaks I see next target around the 37K which if broken 30k may present itself as BTC savior for the time being before a plunge to the 20K. To my followers, I have not been posting recently as the stock market has been full of choppy setups, I am looking for better setups to share with you in next few weeks. At the moment I am more focused on crypto as I find many trade setups. I will be sharing many more ideas on different tokens. If you like this TA, please put a thumbs up and share it with your friend, your community on tweeter, instagram,tiktok, everywhere. Be safe and have profitable trades. Cheers, XTF
BITSTAMP:BTCUSD
by xtf_ze_trader
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios: Scenario 1 - Can go higher after forming a base and shows bullish price action Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70. In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFLong
by AsimMirzaTrader
CTD - Bullish Trade PlanCTD has given an anticipated pullback lower, but the question is that, is the upside swing ready or it may go a bit lower to give a buying opportunity? I have two scenarios: Scenario 1 - Can go higher after the recent bullish bounce i.e it may march higher. Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $15.00 - $15.60. In both the above scenarios, my target is the same as this could be a B wave. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CTDLong
by AsimMirzaTrader
LLC - Another great Buying OpportunityLLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows: TP1 - (potential gain 10%) TP2 - (potential gain 20%) Stoploss - 11.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
ASX:LLCLong
by AsimMirzaTrader
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST. My trade plan is given below: TP: $12.50 (potential gain - 12%) Stoploss - $10.15 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NSTLong
by AsimMirzaTrader
Long trade on AMPAMP is currently trading at all-time lows. I do anticipate price will trade sideways for some time until the company finds stability and confidence within its management, albeit not long-term. With respect to the technicals, it is clear a double bottom has formed on the weekly time frame which has married the plummet of Covid in March 2020. I am not convinced selling pressure will continue beyond $1.05-1.06. This is a great long trade with excellent risk:reward prospects on one of Australia's most renowned dividend-paying public companies. Thank you traders. Manage your risk.
ASX:AMPLong
by MatthewMallet
XJO - no time to panicThe ASX has just broken its ATH on Monday at 7172 (although I'm told if you add in dividends, we're actually quite a bit higher). However, the moves today (and likely tomorrow judging by the US futures), will likely cause some concerns amongst traders. Its a relatively big move (at least for the last couple of months), but in the scheme of things, today is just 1% down. From what I'm seeing the XJO just slightly above Monday open and around the high point of Friday. Nothing to worry about here. In addition, the overall trend is still up and the Bollinger bands are starting to expand again after tightening last week. TO me the ASX actually looks like it has broken out from a range it was stuck in over most of April, this could just be profit taking or a pullback after a big move yesterday. Although I suspect that it's entirely being driven out of fear arising from the US Markets. All in all, I think these are pretty bullish markers currently. I'm watching it closely and I think the telling point will be if the 50 day MA is breached at around 6900. Anyway, happy trading and if you like this post, check out my blog at www.nickthetraderguy.com. Cheers, Nick the Trader Guy
ASX:XJO
by NicktheTraderGuy