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Bitcoin bull market (pre-halving)Hi everyone, When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in. As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and confirmed. This cycle looks like 2015 cycle more than 2019 so $27.7k will be one important level to watch for next weeks. Cheers!
BNC:BLXLong
by cryptoforevery1
Where the Bullish Divergence For Bitcoin?This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?" The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low with weeks later putting in a lower low in price and a higher low on MFI. We have yet to see this play out in the charts. Does it need to happen? no. However, we have yet to see it yet(on weekly) and a case for the bears would lead to a probability cause for a most likely scenario to validate an actual bottom is being put in. You can see my bottoming chart for the next leg down in the linked ideas.
BITSTAMP:BTCUSD
by LiquidMafia
ALGOUSDT → Bottom retest. False breakdown before the impulse BINANCE:ALGOUSDT is testing the bottom at 0.0958 in a false breakout format, which could trigger a rather strong rebound as it took more than 3 years for the second retest. Such long retests form a voluminous pool of liquidity that can hold the onslaught. Price is forming a bearish wedge within the downtrend and after a bottom false breakout , price recovers and breaks resistance. The key support level at the moment is 0.1070. Consolidation above the level is forming, forming an entry point. On the background of altcoin market revival, our coin may show good potential in the near and medium term. Support levels: 0.1070, 0.0958 Resistance levels: 0.1225, 0.139 I expect consolidation above the above support with further upward impulse. medium-term target is 0.1607 and 0.2376. Regards R. Linda!
Long
by RLinda
14
Is JD a Chinese economy equity setting up a reversal?JD on the long term weekly chart appears to be in a descending wedge pattern which would generate a bias for a breakout upside. Price is now supported by the one standard deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term volume profile is that the Point of Control is just below price and that the vast majority of trading volume has been above the current price. I can readily presume that JD is at or near a bottom and most certainly the 1, 2, and 3 year lows. Analysis on higher time frames such as the weekly are more likely to be accurate with good signals. On the MACD signals have crossed in mid-May and now ascending in parallel toward the zero line while price is bouncing around at what I will call the bottom. Said another way, the MACD is showing bullish divergence. The upside here over a long term could be as much as 250% and much much more with a long expiration options contract. I will open a long trade here in a small position with a stop loss below the POC line and DTA into it over time whenever there is a pivot low on the weekly chart. I am confident that the Cinese economy with supposedly zero inflation will be an excellent backdrop for Chinese stocks to run higher in due time.
NASDAQ:JDLong
by AwesomeAvani
4
FSR rounded bottom reversal patternFSR on the one hour chart completed a trend down from Wed June 23 to Tues June 27 and appears to have reversed. FSR has gained about 12% in 3 days on the bounce. The following are signs of bullish momentum: 1. Price is supported by an ascending linear regression line with a period of 50 2. The MACD lines crossed over the horizontal zero line on Tuesday, June 27th. This is a zero lag setup. 3. The RSI strength crossed over 50 the following day. 4. Price crossed over the volume profile's POC line on Wednesday, June 28 showing gaining bullish momentum 5. Price crossed over the mean VWAP anchored to the beginning of the prior downtrend on June 29th another confirmation of bullish momentum. Overall, FSR appears to be well setup for a swing long trade which I will take.
FLong
by AwesomeAvani
8
$RTY_F Small Cap Futures complete initial upside moveThe Russell Small Cap Futures completed their initial upthrust nearly a week earlier than expected. A trend change is underway, as the liquidity data indicated over the prior two weeks. I have taken some profits on my AMEX:IWM Call Debit Spreads, and will look to reload on a pullback, anchored around the Green Flag Zone below. Eventual target for July is the Red Overhead Supply Zone, although that may take several trips. The key here is the high-value zone within the currently dominant structure, the green flag zone below, which rises each week. Members have been able to keep track of the plan over the past two weeks in the reports and live streams. The plan is designed so that there is no need to watch the screen during the day. I will continue to plan ahead and use limit orders, waiting for price to come to me as I re-load and manage the position. Above all, keeping track of the liquidity data to make sure that the Cyclical side of the Small Cap Index maintains its Quantitative advantage over the S&P and Nasdaq, which it started to gain on May 24th and the Russell 2000's Quantitative Data Advantage has been intensifying since then. That has implications for a massive hedge fund Quant Algorithm Pair Trade that has been underway since mid-March, and which is beginning to unwind. We will be keeping track of that as it unfolds. For now, the Quant data supports the plan we set on May 24th when I went long IWM and RTY.
CME_MINI:RTY1!Long
by StrategicTrading
NKLA round bottom reversalNKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. Potential buyers on the sidelines may take positions and generate momentum. I will trade a long trade early in this upcoming shortened trading week. The longer-term anchored VWAP provides support as so just under that will be the stop loss. The first target is 1.70 which was a resistance level a few weeks ago.
NASDAQ:NKLALong
by AwesomeAvani
3
Bitcoin Bears In TroubleHello Traders, As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout. You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend. If we see a weekly close over 18000$ there is high probability for Bitcoin to reach Major Resistance that is the Neckline of the Double Top pattern printed in the All Time High 30000$. This level acts very often as a magnet and there is usually high probability for the price to reach it again. So if we see a weekly close over 18000$ Buy Setup with stop loss at 16800$ and with targets 21000$ 25000$ and 30000$. I you agree with me a boost is much appreciated and If you have questions or you want to share your feedback I will be glad to answer in the comments.
Long
by piccard54
4
JD: ¿time to buy?JD is currently in a potential trend change cycle with a likely bottoming out of prices in the short-term. With the current price sitting at $35.80, buying at this level presents an advantageous entry point as the stock has potential gains of up to 200% if it returns to its previous all-time high (ATH). In potential upward movement, the initial target range sits between $43 to $45 with further immediate resistance around the $47.20 to $48.80 region. From there, if the stock continues its upward movement, JD could climb to the $63-68 range. Lastly, if the momentum continues, it could see a final upward movement to potentially reach its previous all-time high of $91.40. Despite possible fluctuations, the aforementioned levels present strong reward potential with a short-term time horizon. It is expected that JD will continue to play around with the current buy zone for several days or even up to two weeks before any significant shift occurs. Overall, cautious optimism is advised for traders with an active eye on the JD stock.
NASDAQ:JDLong
by Fractal-Surfer
BUY RENUSD (bullrun can start any minute now)Hey guys, I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical. As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade. Arguments: -Correction completed ABC where C = 1.618 of A. -Correction completed .702 retracement reached for a 2. -Bullish divergence of RSI. -Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD. -Signs of correction being over on BTC as well to kickstart everything. As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
RLong
by HodlCrypot
5