ATH
SHIB retesting ATH?SHIB has officially broken the descending triangle and is now in a tiny consolidation. If the price breaks above the resistance level of the consolidation area, we could see a potential retest of the ATH. If the price managed to drop through the support level...well you know what that means. Either way, I don't care what the price does, cause you can short it or go long with it.
Go to ATH and have 60%?The paper started an upward movement. Strong resistance will be near $42. A fair price for this stock is now around $50. It is possible to earn almost 60%
Fundamentally a very strong company
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NQ Power Range Report with FIB Ext - 11/1/2021 SessionContract - CME_MINI:NQZ2021
- PR High: 15897.00
- PR Low: 15863.75
Evening Stats
- Gap: = N/A
- Session Open ATR: 210.59
- Volume: 22k
- Open Int: 247k
- Trend Grade: Long
- From ATH: 0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 16105
- Mid: 15819
- Short: 15247
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BTC: SOON A HIGHER RALLY!!!Welcome to this quick update on BTC price action.
Let's cut things short and make it simple.
BTC continues to correction after correction after it reached the ATH. Nobody knows for how long we will see the correction but as a technical analyst, we can share the probabilities and possible scenarios. Currently, BTC is bouncing back from the $59800 support level, and from here we can expect BTC to test the $62k to $63k levels. In order to see the jump, BTC must hold the current support level. Failing this support will create a direct scenario making the price fall up to $56k.
So, a higher rally is expected soon. It can either happen now or after a few more corrections. I am bullish on BTC.
Thank you for reading my chart. Do like and share your comments.
I'll see you on the next update till then stay safe and trade well.
WARNING - Ethereum followed Bitcoin this weekThis subtle price action requires no indicators. Following the failed breakout of INDEX:BTCUSD last week BITFINEX:ETHUSDSHORTS did the same pattern. I pointed this out during my Friday livestream that all traders should watch for this weekly close. The week did NOT close to confirm the new ATH. This is a very dangerous bearish signal for crypto. Ideally, traders should have been able to retain the momentum to continue the trend.
See my linked ideas below for more examples of what can happen in these situations across all instruments. The key idea to watch is what I published in February on another such All Time High test of Bitcoin...
BTT Forecast Daily Timeframe Today lets álso take alook at BitTorrent, 1st Q of 2021 BTT broke out of its ATL of 0.00043128 to set a new ATH of 0.01311994 in April 2021, now BBT formed a triangle and it created LHs within the trendline and its looking to break out of the wedge as a bullish signal.
what do you the think ?
L.M
BTC/USDT - 1D - Potential bull flag and channel breakoutPotential bull flag forming on the Binance Daily BTC/USDT chart.
Channel (flag) measured move up, could send price into the golden pocket area of the fib extension.
Channel break down will send price to the bottom of the blue long term trend line.
Red pole's measured move could send price to the 100% fib extension area. The larger yellow pole could move it to the top of the blue long term trend line.
BITCOIN in the daily time frame 1D Lemme re-introduce my self I AM Lucrative Momentum and this my platform and i make my own forecasts based on the knowledge i have and if you feel you have a better view of things share your thoughts too no need to belittle people and if you have a problem with me HIT the road JACK !
On the happy side of life this my forecast on BTC , after breaking out of the inner trend line (yellow trend) it formed what i like to call a BB (Beautiful Blush in pink) its similar to an inverse H&S ,breaking through 48000 and creating a new ATH of 66600 and retraced back to 58000 ,therefore if it does not retrace till 53000 it might start creating new ATHs right where it is.
L.M
$MRK Breaking out of two year accumulation zone into new ATH's.Merck is looking primed for a run into the $90's or higher after breaking 2 years of accumulation on the weekly chart. Ideally I want to see this hold the $84 support level and then bounce back through the all time high's.
There is also huge call flow the past two days. One option chain that is getting some attention is Nov 19 $90 calls.
Morgan Stanley also raised guidance from $88 to $90 and maintained equal-weight on the stock.
Bullish.
#BNB back to $600 | NEW ATH $1000Hello Padawans,
First of all do not take this as a piece of financial advice.
BNB has already broke a huge trend resistance, and it has retested.
BNB is now free to create new ATH sequences.
Let's see what will happen next.
Cheers padawans,
May the force be with you.
SPY did the thingI have been talking about breakouts (and false breakouts) this week because of several examples going on in the market such as INDEX:BTCUSD (failed) and NASDAQ:TSLA (passed). AMEX:SPY and the broader US stock market did such a break of an All Time High on October 25. October 27 saw a pullback to hold the prior level and the last two days have been up from there.
As always there is tons of FUD out there in the media and on earnings calls about 'inflation' and 'supply chain disruption'. The chart does not seem to care. Ignore this technical setup at your own financial peril.
Statistically speaking so far 2021 is following normal patterns of a bull market. It is continuing to fulfill the bullish statistical probability that a 1) post election year where 2) a Democratic President is elected with a 3) unified Congress.
If it keeps being 'normal' we should see a Santa Claus rally.
Axie Infinity: Play The Game! 2nd Round⚠️ It's always very tricky to enter under an ATH resistance, but all indicators look bullish and I know some of you like this #AXS GAME. 😎 Be careful and place your S/L wisely, otherwise wait for the ATH breakout with the rebound on the old ATH for a more secure entry.
👉 Since my last signal shared on 24/09/21, #AXS Market Cap rose from $4 to $8.6 billion, and Fully Diluted MC from $18 to $38 billion, raising its CMC ranking from #40 to #23.
👉 #AXSUSD Indicators:
▫️ Bollinger Bands Squeeze (volatility contraction)
▫️ EMA20-50 below the daily candle (support)
▫️ SRSI <10 (strongly oversold)
▫️ Possible Extented-3rd-Impulsive-Wave (strongly bullish)
▫️ Price under ATH (see my important note above)
Learn TA, Earn Money, Have a Nice Weekend, and as usual Stay Safe everyone.
IS BTC READY FOR A NEW ATH???On this BTC update, let's cut to the chase.
Let's discuss the bullish and bearish scenarios:
Bullish scenario:
1. BTC quickly recovered after the fall which is indeed a good sign.
2. BTC is above the moving averages and currently struggling to break the dotted trendline.
3. Once BTC breaks the $63600 resistance level then most likely, it will break its all time high and set a new one.
4. The RSI is moving along with the actual price which is a good thing.
Bearish scenario:
1. In 8 hours timeframe, BTC is forming a rising wedge pattern and according to the pattern, it must fall and reach the lower trendline which is at $50k.
2. The 21 MA and 50 MA are not showing any bullish signs here.
3. BTC is trying hard to break the trendline and also the resistance level. Failing to break above this will drop the price to the $56k level.
Even after a -16% drop from all time high, there is still greed in the market. In my opinion, the fear and greed index will rise up more and take BTC to its ATH and then we may enter extreme fear mode.
Note: This is not a trade setup or financial advice. I am just projecting my analysis and figuring out the possible scenarios.
If you like my content then do press the like button.
Would love to hear your humble opinion as well so do write on the comment section.
3 ATHs in 1 Week - $GOOGL, $TSLA, $AMD $GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week
$GOOGL - Alphabet
Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21
Alphabet is up 66.85% YTD
Returns since IPO in Aug 2004 - 1,670%
Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates...
I continue to have a long position on $GOOGL in the long-term
$TSLA - Tesla
Reported Q3 FY21' earnings earlier this week with EPS of $1.86/share beating estimates & Revenue of $13.8B missing estimates
Reported an ATH of $1055.58/share on 10/27/21
Tesla up 47.07% TYD
Returns since IPO in June 2010 up 21,621% (yes thats correct - in 10s of thousands)
Reported 241,300 vehicle deliveries up 73.2% YoY
Plans to achieve 50% vehicle annual growth in vehicle deliveries over a multi-year horizon
Not sure my thoughts on $TLSA even as an owner of shares - with the current state of the supply chain, energy & it's rising costs, ESR movement, & clean energy it's hard for me to say "I absolutely LOVE $TSLA" or "Buy it Now!" - However, I do believe EVs are the future and am very long $TSLA for a long-term investment
$AMD - Advanced Micro Devices
Hit an ATH of $128.30/share on 10/25/21
Reported Q3 FY21' earnings earlier this week with EPS of $0.73/share beating estimates & Revenue of $4.31B beating estimates
Revenue of $4.31B +54% YoY
Advanced Micro Devices up +33.33% YTD
Returns since IPO in Oct 1979 - +3,689%
Q4 revenue estimates raised to $4.6B
Very positive outlook overall - including large raises in Q4 earnings estimates, but also a very volatile stock - given its sector, volume in number of shares traded, % almost "meme" stock status, I am long $TSLA for a long-term investment
BTC Last correction before MEGA PUMPWe are experiencing a minor correction since the new ATH. So far we had a massive 1700% pump since the beginning of 2021. This correction only costed us only 13%. Compared to September 25% correction this is a minor correction. So what's next???
If we compare the 2017 bull run we had similar corrections during September and November. We experienced a massive 30% correction in November before BTC pumped 148% to reach its new ATH. Which was exactly at Fibonacci 2.618 (from early 2017 dip to Nov ATH). If we look at 2021 history just repeating very similarly. If we follow the same as the 2017 bull run, This is the last correction before the mega pump.
So how far we can go?
If BTC follows the same pattern as the last bull run, Fibonacci 2.618 at $169k with 153% from current ATH (Estimate)
This prediction is purely technical and analysed using historical data. This is not financial advice, Please DYOR
ICP/USDT Massive Pump Coming !!!!!ICP is currently on the dip and accumulating for a while. ICP haven't pumped since the crash since the launch. This is a coin with Promising fundamentals and a High market cap. Accumulate now and we will see a massive pump all the way to or above ATH when the market starts to pump again.
Use the resistance area (Red Lines) to take your profits and Use the support area (Green line) to place your stop loss.
This is not financial advice please DYOR. Also, manage your risk accordingly and keep an eye o BTC corrections.
BTC Neutral, minor pullback near 63k?This idea is inspired by the growing number of limit sells occurring near the global ath. The last time there was such an order block region was back when we were at 40k after the drop from 52k, potentially suggesting an incoming correction.
Brief:
-No momentum div. uptrend likely to continue
-Large limit sells near 64k
-Hitting resistance at 61k from 1.618 fib, neckline of distribution pattern near march highs
-Support at 50k if corrects now, or 55k if corrects near 66k-70k
-Bars pattern possibly playing out again
-Wave 3 may not be complete since it is shorter than wave 1.
-Entry if weekly close under 60k, TP if entry started: 53k, 50k, 47k
- Large Whale holdings (>1k BTC) decreasing, but small-med. size whales accumulating
Since momentum is higher at wave 3 rather than wave 1, and the price has also followed higher highs, I believe we may be in an impulse trend rather than a corrective one as corrective waves end with a momentum divergence. Wave 3 may not even be complete given the lack of divergences, but if correction appears it may find support near 50k.
If weekly closes under 60k today, would recommend entering a short then, else wait for momentum divergence as we head toward 66k-70k. We could be seeing a repetition of bar patterns playing out many times considering the global ath distribution and the run-up to 50k from 28k played out similarly.
With whales taking profit near here, it is a bit concerning as we are on a resistance trendline. But I have confidence that in the grand scheme of things this is nothing to worry about as we are in an uptrend supported by entities other than retail .
Buy Bitcoin 56.500$ Start wave 5Dear fellow traders,
Here is another chart,
Since BTC dropped below 60k support level. We are currently trading the bigger intermediate wave 4 on the hourly and 4 hourly chart.
Which means we are aiming for support levels around 38.2% full wave retracement and 100% projection AB.
Since we have some really nice confluence over those level, I will open long positions from these levels.
Wil update once we reached this target.
Any questions, please do not hesitate to contact me.
Best Regards
AppY-Crypto